Apr 17 2016 @ 15:30
The EUR/JPY went sideways throughout last week. The market has been caught in an equilibrium phase but, but there would be a breakout this week. The EUR/JPY cross, which closed below the supply zone at 123.00 on Friday, is expected to trend lower this week, reaching the demand zones at 122.00 and 121.50. EUR/USD: The […]
Apr 16 2016 @ 04:22
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral EURUSD traded lower last week, testing the support line at 1.1250, to close at 1.1282 on Friday. The movement of the price has essentially been sideways since the beginning of April and there is no significant directional journey till now. However, there is a […]
Apr 14 2016 @ 20:55
“In tutoring others, I realized that most of the people attempting to trade had no idea what the markets were about, and no idea of what they were doing.” – Joe Ross Helping People Is Almost Impossible Many people disturb trading pros, begging for help in their trading. They want to learn good trading approaches […]
Apr 10 2016 @ 18:22
Since March 29, 2016, the USD/JPY has dropped by 600 pips. Last week, the drop was over 350 pips. There is a strong Bearish Confirmation Pattern in the chart, which would hold out as long as the price continues to journey southwards. This week, bears would target the demand levels at 107.50, 107.00 and 106.50. […]
Apr 09 2016 @ 17:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In the context of a downtrend, EURUSD consolidated throughout last week. One big formidable barrier to further northward journey is the resistance line 1.1400 (though the resistance line at 1.1450 was also tested). Bulls were unable to breach the resistance line at 1.1400 to […]
Apr 07 2016 @ 21:05
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 6 “We do not have a crystal ball, so we do not know when this current losing period will end. However, we can look in the rear view mirror and see that when we experienced periods like this before, not only did we survive, but […]
Apr 07 2016 @ 05:53
Gulf Keystone stock (
LSE:GKP) has been under selling pressure for several months. The trend was mostly bearish for the year 2016, and there is no end in sight for the bearishness in the market. 4 EMAs are used for the analysis and color that stands for each EMA is shown at the top left part […]
Apr 07 2016 @ 05:47
PayPal shares (
NASDAQ:PYPL) are poised to trend upwards as revealed in the daily chart. The upward trend would continue for some months. In February 2016, price broke upwards and closed above the upper Trendline. Since then, the price has not returned into the Trendlines. The current price action shows that the bulls are determined to […]
Apr 05 2016 @ 11:37
GOLD (XAUUSD) Dominant Bias: Bullish On the daily chart, Gold is in an uptrend; whereas a lower timeframe like the 4-hour chart shows that there is bearish pressure on the market. In the context of an uptrend, price was engaged in a bearish correction throughout the month of March, causing price to reach a monthly […]
Apr 03 2016 @ 17:36
The EUR/JPY went upwards last week, reaching the supply zone at 128.00. The bulls were unable to push price beyond that supply level and that caused a shallow correction we are currently looking at. There is a Bullish Confirmation Pattern in the market, and it is possible that another leg of bullish journey would begin, […]