Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see...
Making money in today’s world has become extremely difficult. In the world of economic crisis creating a new source of income is just like winning a war. But things have changed dramatically after the starting of retail...
Debt is the big monkey on the back of many US households. The average US household owes $16k in credit card debt alone, without counting in auto, student loans and mortgages. Whilst some debts, like mortgages, can...
EURAUD has been trading in a descending channel pattern on its 4-hour time frame and has recently bounced off the resistance. Price is also breaching the middle of the channel to show enough downside momentum to reach...
USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are...
USDJPY broke below 112.03 support and extended its downside movement to as low as 111.27. Further decline could be expected and next target would be at 110.84 support. Near term resistance is at 111.90, only break above...
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this...
GBPUSD broke below 1.3494 support, suggesting that the upside movement from 1.3301 had completed at 1.3612 already. Further decline would likely be seen in a couple of days and next target would be at 1.3420 area, followed...
EURUSD remains in the downtrend from 1.2089, the bounce from 1.1915 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 1.1915 support could take price to the bullish...
USDJPY is still trading inside its descending triangle pattern and has just bounced off the resistance previously highlighted. Price is now making its way back to support at the 112.00 major psychological level for another test. The...
