Trade Idea

Trade Idea: Going Short on USD/JPY Could Be Good Right Now

USD/JPY has thus seen 250 pips rally in the week, the currency pair reached a week high of 111.77 after having opened with a strong gap on the upside. Price momentum failed to close above 111.60 (support now turned resistance).

A bearish Doji candle formed at yesterday’s trading session to also close ... read more

Trade Idea: Gold Poised For Correction

The sharp upside rally in the precious metal from $1200 to a high of $1295.28 per ounce (marginally surpassing our second projected target level of $1283 per ounce) has since reduced its momentum as the oscillator indicator on the daily chart indicates trading at overbought territory.... read more

 

Trade Idea: Can Gold Finally Break above Key Trendline

Gold reached the first level of our projected take profit at $1279, also tested key trendline.

A breakout above the trendline would see a steep upside rally towards critical resistance level $1306.94 ... read more

Dollar Index Pose for Downtrend

The past week saw traders going short on the Dollar index declined by 1.03% to close at 94.87 after having opened the week 5/10/2015 at 95.86. This is its worst week in four months with more critical break and move lowers obvious for an asset that has generally climbed for four years. Over the past months, the continued rally seen in the Dollar was as a result of expectation of rate hike from the Fed..... read more 

NSESI Bullish Head and Shoulder Pattern Emerges

With the longer term timeframe bias still negative, the shorter term timeframe (daily chart analysis) is indicating a mid accumulation phase*. This is evidence in the formation of a bullish head and shoulder pattern (reversal pattern)...... read more

Update: Crude-oil Technical Signaled a bottom

On 31^st August, 2015 our technical system signaled a bottom in Brent Crude-oil price as we noted that downside price momentum is weak with a positive divergence between price action and oscillator indicator (RSI 14 day period)....read more

Impending uptrend in Commodities – Precious Metals

Weekly technical chart of the Dow Jones-UBS Commodity Index shows a positive divergence between the price action and oscillator indicator (RSI 14 day period)... read more

Bullish Trade Calls In Precious Metals

Gold, Sliver pose profit potentials for Day and Swing Traders .... read more