Gold is trading in an upward trend on a 30 minute time frame. However, it is important to keep in mind that the trend on the daily time frame is towards the downside and that is the dominant trend. Therefore, when taking a trade on a smaller time frame it is important to keep in…
Read MoreThe EUR/USD pair has bounced from its support zone (mentioned below) and has confirmed this zone once again this morning. This confirms that there is enough buying pressure at this zone. However, what is important to note is that the downward trend line could still add enough pressure for the price. The price is also…
Read MoreFundamental Analysis Long term view We are anticipating a bull rally to kick off in two years and our base case scenarios are as follow i.) Elections coming up in Germany, France and US in 2017 ii.) BreExit dilemma will be at its peaks in two years iii.) US interest rate will be at the…
Read MoreThe GBP/USD pair is trading firmly below the downward trend line on a daily time frame. As long as the price is trading below this downward trend line, the trends remains towards the downside. The pair is also trading below the 100 day (shown in red) and the 100 day (shown in yellow) moving average…
Read MoreFacebook is still under pressure on a 240 minute frame. After marking the peak of $81, the stock has not gathered enough momentum to close to its pro gaps. The pro gaps are those gaps which occur in the opposite direction of the current trend. The price is trading below the 100 day (shown in…
Read MoreThe EUR/USD pair is trading below its downward trend line on a 240 minute time frame. The price has recently moved back from its support zone which is mentioned below however, the price action still looks very weak and it could easily continue its downward slide. The price is also trading below the 100 day…
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