Let's take a look at the price action of XAUUSD 0.65% and forecast its next move in the following week. This pair made a recent low at 1236.37 on 12 December 2017 and finished at 1274.75 on 22 December 2017. Therefore, this pair has potentially presented to us a short-term bullish bias. Based on our forecast, if the bullish momentum continues, we could...
While lots of investors and traders focus on the recent price movement on BTCUSD and ETHUSD, and potentially other cryptocurrencies, we should not forget a potential pattern called year-end rally on AUDUSD. Of course, it does not work every year but historically, this pair has a year-end bullish directional bias. You can see that AUDUSD made a recent low at...
BitCoins 4.50% made a dramatic move to the downside on 22 December 2017. Investors like you may be wondering whether the price of BitCoins 4.50% ( BTCUSD 4.50% ) would continue to go down in the following week I am sure. From a technical outlook, BTCUSD 4.50% has been oversold and the move is too dramatic. So, there is indeed a possibility that the price will...
Having been in this industry for more than 14 years, we have tried many approaches - trading indicators, price action, eye-balling techniques and ... many others you can think of. At the end of the day, we have found what works for us. 1. A clean chart that clearly shows a trend. An uptrend is defined as a series of higher highs and high lows. A downtrend is...
With the current drop in BitCoins (BTCUSD), let's also take a look at the near-term price movement of Ethereum (ETHUSD). Investors like you may be wondering the near-term price movement in the following week. From a technical outlook, ETHUSD hit all-time high of $875 on 19 Dec 2017 but since then it had two bearish candles in the last two trading days. So, indeed...
BITCOIN made an all-time high on 8 Nov 2017 at $7,900 but within the next four trading days, the price dropped to $6,200. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this instrument has a near-term upward directional bias and there is no evidence of a change in the trend at this point. Based on our...
EURUSD is an interesting pair to watch this week. This pair made a recent high at 1.1880 on 12 Oct 2017 and retraced to 1.1550 on 7 Nov 2017. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, it had made a series of lower lows and higher lows since the pair tested 1.2100 level on 8 Sep 2017. Therefore, it...
EURUSD is an interesting pair to watch this week. This pair made a recent high at 1.2092 on 8 Sep 2017 and retraced to 1.1838 on 14 Sep 2017 Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had made a short-term reversal last week and overall trend remains bullish. Based on our forecast, if the...
BITCOIN is an interesting counter to walk because it made an all-time high of $4,979.90 on 2 September 2017. Since then, due to some adverse news, the price went to the recent low of $2972 on 15 Sep 2017. Investors like you may be wondering Bitcoin may do in the following weeks. From a technical outlook, Based on our forecast, if this recent downward movement...
XAUUSD has finally made a new high in 2017 on 29 August 2017. This pair made a recent high of 1300 on 18 August 2018 and retraced to 1274 on 25 August 2017. Investors like you may be wondering after making a new high in 2017, what's next for this pair? From a technical outlook, it has an upward bias in the near-term. Based on our forecast, if the bullish...
BITCOINS has surged past $4,000 on 13 August 2017 and the question is whether it will continue the upside momentum and how far it can go? Investors on BITCOINS would have remembered that on 16 July 2017, BITCOINS made a low of $1830 and in 4 days, it was trading at $2938. BITCOINS made a technical breakout since 5 August 2017 and the upside momentum...
EURUSD is an interesting pair to watch this week. This pair made a recent high at 1.1910 on 3 August 2017 and retraced to 1.1688 in a matter of one week's time. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had a 2-tailed bottom formation last week with a bullish bar on 11 August 2017. ...
SPX closed below both 20 and 50 moving averages on 10 August 2017 and the last time we witnessed this was 6 July 2017. The index traded at 2490 on 8 August 2017 but closed at 2441 on 11 August 2017, represented by almost 2% move in a three trading days. The question is whether investors like you should start worrying about further bearish movement on SPX in the...
HSI has suffered from one of the biggest drops on 10 August 2017 in one month. The index had an upward bias since it made the recent low of 25199 on 5 July 2017 and made a recent high at 27876 on 8 August 2017. Investors like you may be concerned whether this upward bias is coming to an end. From a technical analysis perspective, the upward bias of this index...
EURGBP made a recent high of 0.9087 on 8 August 2017 after coming out from a recent low of 0.8742 on 14 July 2017. A technical formation known as shooting star was formed on 8 Aug 2017 and the question is whether investors should initiate a bearish move on this cross. Based on our forecast and the directional bias up to this point, it would appear that there is...