Andy Berendeev graduated from the Kiev National Economic University majoring in Econometrics. Andy has experience both in the brokerage and research side of the industry having worked for multiple major brokerages around the globe. Andy's weekly 'Technical Take' enables our readers to zone in on the need to know trading opportunities for the coming week. Intraday opportunities that Andy highlights are also high on the watchlist of our readers.
It is around this time of the month we start looking at monthly charts to see what instruments might be offering us an interesting play with roughly a week to go in the month. Many times early in the month, a pair can give a tip off to its upcoming direction, however the move […]
EUR/GBP: bullish continuation Bollinger Bands bullish; ADX and DI bullish; RSI bullish. Although the Bollinger Bands indicator narrowed the distance between its borders, signaling lower volatility, the EUR/GBP cross-rate remained in the bullish territory above the middle line. Besides, the rate charted a preliminary breakthrough signal after closing multiple candlesticks above the upper […]
Heading into the London morning session, WTI Crude Oil saw more relief as it traded down to the $104.50 region. A test of $100.00 to the downside looks increasingly likely before the end of the week. After attempting to test 1.0600 to the upside yesterday, EUR/USD soundly reversed and traded all the way back […]
GBP/CAD: bouncing off intraday support Ichimoku Cloud bullish; ADX and DI mixed; RSI bullish. The GBP/CAD cross-rate peaked above the 1.60 figure, slid back down to the support range below the Ichimoku Conversion line, tested the Base line support, leaving a long donside whipsaw, and reversed back to growth. It’s important that despite […]
Switch to a broker with spreads up to 33% lower than other brokers