Funds

Phorm Corporation shares (LSE:PHRM) are not supposed to be held if you are a buyer, because the outlook on the market is gloomy. This is a market is which sellers make money, not buyers. In the chart, the price has shown a long-term downtrend. The price has trended seriously downwards this year and this is […]

What is happening on the USD/JPY signifies a serious battle between bulls and bears. Although the recent bullish bias in the market remains intact, it is wise to stay away from this pair until there is a clean directional bias in the market. This clean directional bias should be seen this week. EUR/USD: EUR/USD rose […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]

Buyers are encouraged to continue holding Jubilee Platinum stock (LSE:JLP) because it has a good potential to continue going further upwards, considering the recent short-term dip in the context of an uptrend and what price action is saying. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The […]

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 9 “The best strategy loses its effectiveness when you trade from a place of fear.” – Mercedes Oestermann van Essen Name: Lawrence D. Hite Nationality: American Profession: Funds manager, trading systems developer, philanthropist Career: Larry Hite is an award-winning funds manager who’s one of the forefathers […]

Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]