Blog

EUR/USD price actions has once again proved that too much consensus is bad thing.  When every man and his dog is betting the same way then it pays to be a contrarian.  When every bank and broker join the bandwagon to put EUR to...

EUR/USD Squeeze Continues – 5/7/2015

EUR/USD price actions has once again proved that too much consensus is bad thing.  When every man and his dog is betting the same way then it pays to be a contrarian.  When every bank and broker join the bandwagon to put EUR to...

Stock market Buy Sell

NIFTY has broken the up-trend started after breaking 6000 last year.  The trend line in effect since the February of 2014 has been broken, retested and convincingly rejected with 600 points drop in NIFTY. It last touched 50 week moving average ( as well...

NIFTY – Broken Up-Trend – 5/5/2015

NIFTY has broken the up-trend started after breaking 6000 last year.  The trend line in effect since the February of 2014 has been broken, retested and convincingly rejected with 600 points drop in NIFTY. It last touched 50 week moving average ( as well...

crude oil pump

Crude Oil has broken out nicely from 56-58 consolidation. Next big figure in focus is 65 but above 60 it can attract many profit takes and it may not be the journey in straight line. For near term we will focus on 57.50 /...

WTI Crude Oil – Support in Focus Today – 5/4/2015

Crude Oil has broken out nicely from 56-58 consolidation. Next big figure in focus is 65 but above 60 it can attract many profit takes and it may not be the journey in straight line. For near term we will focus on 57.50 /...

God is forming ominous head and shoulder patter on daily chart. Inability to break 1220 on the top side despite favourable conditions i.e. Delayed rate hike expectations, recent streak of soft US Data has brought us on the brink of serious downside potential. Right...

GOLD – Head and shoulder – 5/4/2015

God is forming ominous head and shoulder patter on daily chart. Inability to break 1220 on the top side despite favourable conditions i.e. Delayed rate hike expectations, recent streak of soft US Data has brought us on the brink of serious downside potential. Right...

WTI Crude Oil formed a base near 50 and have strongly rebounded since then. On our previous trade idea post we highlighted the area near 54/55 and mentioned if it is cleared then crude oil could jump to 58/60 in no time. For our...

WTI Crude Cruising along – 4/27/2015

WTI Crude Oil formed a base near 50 and have strongly rebounded since then. On our previous trade idea post we highlighted the area near 54/55 and mentioned if it is cleared then crude oil could jump to 58/60 in no time. For our...

Well, yesterday we warned about the price action in NIFTY and advised to be selective in entry. As expected yesterday’s downfall stalled near 8700. If NIFTY closes below 8700 then there is no major support until 8570 which is also a 50% retracement level...

NIFTY – Where Will It Stop? – 4/16/2015

Well, yesterday we warned about the price action in NIFTY and advised to be selective in entry. As expected yesterday’s downfall stalled near 8700. If NIFTY closes below 8700 then there is no major support until 8570 which is also a 50% retracement level...

NIFTY can keep on chugging without any meaningful retracement but it pays to be cautious. First decent entry point during the sizable dip comes in around 8700.  We are agnostic about any upside levels because unhindered money printing and central bank put will take...

NIFTY, Selective Entry – 4/15/2015

NIFTY can keep on chugging without any meaningful retracement but it pays to be cautious. First decent entry point during the sizable dip comes in around 8700.  We are agnostic about any upside levels because unhindered money printing and central bank put will take...

Barring any surprise, Gold price is expected to be contained within 1200 from the top side resistance and 1183 support.  Gold is trading heavy and of course the bias is towards downside.  But wisdom of current trading is to be open to trade it...

Gold Trade – Playing Within Boundaries – 4/15/2015

Barring any surprise, Gold price is expected to be contained within 1200 from the top side resistance and 1183 support.  Gold is trading heavy and of course the bias is towards downside.  But wisdom of current trading is to be open to trade it...

crude oil pump

Crude Oil is doing exactly what was expected out of price action. We mentioned in our previous trade idea how it is behaving like something which wants to go up and how to get it long cautiously near 50. So far so good. But...

WTI Crude Oil Trade Idea – 4/15/2015

Crude Oil is doing exactly what was expected out of price action. We mentioned in our previous trade idea how it is behaving like something which wants to go up and how to get it long cautiously near 50. So far so good. But...

As usual FOMC minutes have left us guessing and with new word to contemplate on – ‘Several’.  Instead of getting chopped around 1200 ( +/- 10), now we will be looking for either 1280 to get long and get few ticks or 1240 to...

GOLD Trade Idea – How Not To Get Chopped Around – 4/13/2015

As usual FOMC minutes have left us guessing and with new word to contemplate on – ‘Several’.  Instead of getting chopped around 1200 ( +/- 10), now we will be looking for either 1280 to get long and get few ticks or 1240 to...