Thursday, 25 August 2016

headlines
  • Forex Outlook : Can the sellers force the EURGBP lower at 0.8531? - The EURGBP has been mostly oscillating, since the 19th of August 2016, within a bearish formation between the range of 0.8691 and 0.8531 respectively. Both the buyers and the sellers are now placing strong pressures in their attempts of taking control over the pair’s price. The price is now oscillating...
  • Forex Outlook : Mild bullish bias in AUDUSD offers long-term goal - I have taken a long AUDUSD position and here is why:  Monthly – Long timeframes offer an eventual bearish bias but a break of 0.7000 (area) would be needed to take the pair lower. Considering we have had a period of 12 months with little relative net movement, this...
  • Market Update : Gold trend unchanged despite Wednesday dip -   Background On August 11 I detailed a trade view stating that the primary year-to-date trend in gold as represented by the popular SPDR Gold ETF (GLD) (GLD:arcx) remains intact. While this trend is unchanged, Wednesday’s selling pressure in the yellow metal does warrant an update. On Wednesday the GLD etf...
  • Forex Outlook : Will the bulls lead the GBPUSD at 1.3220? - The GBPUSD after escalating from as low as 1.2977 to as high as 1.3220 has now stabilized above to today’s major pivot point area, the 1.3220 level. Stochastic oscillator’s latest formation shows a pattern of a steady appreciation at the 30 level where the pair is expected to retrace once...
  • Forex Outlook : Can the bulls lead the USDCAD further at 1.2915? - The bullish pressures got really tensed since the 19th of August 2016 as the USDCAD pair was able to rise from 1.2762 to 1.2915. The buyers took the absolute control over the pair and managed to somehow cover up some loses and made some good profit, after the latest downtrend...

Forex Outlook : Can the sellers force the EURGBP lower...

The EURGBP has been mostly oscillating, since the 19th of August 2016, within a bearish formation between the range of 0.8691 and 0.8531 respectively. Both the buyers and the sellers are now placing strong pressures in t...

Forex Outlook : Mild bullish bias in AUDUSD offers long-term...

I have taken a long AUDUSD position and here is why:  Monthly – Long timeframes offer an eventual bearish bias but a break of 0.7000 (area) would be needed to take the pair lower. Considering we have had a p...

Market Update : Gold trend unchanged despite Wednesday dip

  Background On August 11 I detailed a trade view stating that the primary year-to-date trend in gold as represented by the popular SPDR Gold ETF (GLD) (GLD:arcx) remains intact. While this trend is unchanged, ...

Forex Outlook : Will the bulls lead the GBPUSD at...

The GBPUSD after escalating from as low as 1.2977 to as high as 1.3220 has now stabilized above to today’s major pivot point area, the 1.3220 level. Stochastic oscillator’s latest formation shows a pattern of a stead...

Forex Outlook : Can the bulls lead the USDCAD further...

The bullish pressures got really tensed since the 19th of August 2016 as the USDCAD pair was able to rise from 1.2762 to 1.2915. The buyers took the absolute control over the pair and managed to somehow cover up some los...

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How to Trade News and Events

Trading news should be an important part of the investing strategy. Day traders often trade news several times in a given trading period while long-term investors rarely trade news. In spite of your investment strategy i...

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7 Common Mistakes Even the Pros Make with Market Analysis...

Even the pros make mistakes when playing the market. When it comes to market analysis, it’s often simple mistakes that ignore the fundamentals of trading that causes pros to take missteps. These are mistakes that all i...