All Blogs
After trading at the $11.50/share levels earlier in the month, Blackberry shares have retreated off its highs and is finding support at the $9.50/share area of interest. Technical indicators show that there’s still some buying pressure left, which might pave the way for a larger pullback...
The Canadian economy grew at the fastest pace in four months in May, driven by gains in manufacturing, wholesale and retail trade, energy and construction. Gross domestic product, the total of goods and services produced in the country, rose 0.4% to 1.62 trillion Canadian dollars ($1...
USD/JPY Technical Strategy: Flat Support: 102.71, 102.45, 102.25 Resistance: 103.03, 103.50, 103.79 The US Dollar may have completed a major upward breakout against Japanese Yen after prices cleared resistance capping gains since January...
Price Hovers Near Range Resistance Range Support Sits at 1.4533 Price Above R4 Signals a Breakout For the beginning of Wednesdays trading, the EURCAD remains locked between defined values of support and resistance. Range resistance, as marked above by the R3 camarilla pivot, resides at 1.4566...
U.S. home mortgage applications fell last week, lead by a decline in refinancing requests, reported the Mortgage Bankers Association on Wednesday. The MBA announced that its seasonally-adjusted measure of mortgage applications, which covers both new home purchases and refinancing, plunged 2...
Entry Size I have chosen leverage of 1:200. So technically I will need to maintain a usable margin of 0.5% or higher at all time after I open my trades. However my broker requires me to add a small cushion as a safety-net besides 0.5% margin requirement...
Channel Up pattern break and success to perform Head and shoulders pattern. Break and retest at 174.20 with 5 fibonacci PRZ. This pattern projection target at 170.94, and failed if price success to break 174.58...
Elon Musk's fortune has more than tripled in the past year, clocking in at $2.7 billion for 2013. Stock in Tesla Motors, the electric carmaker he founded, is up 625% in the past year, and stock in SolarCity, the solar panel designer and installer run by his cousin Lyndon Rive, is up 340...
Having lost more than $14 billion already this year, Russia’s 19 billionaires face an increasingly uncertain future, as Western sanctions begin to bite. Steel tycoon Vladimir Lisin dropped $2...
Leverage in forex is expressed as ratios: 1:1, 1:50, 1:100, 1:200, 1:400. Let's study the chart below to understand how leverage is created in forex. Mathematically, Leverage in forex = Purchase Power/Capital Invested...
While no indicator is perfect, they can help traders address probabilities in a market Moving Averages can be helpful, but often lack an active signaling mechanism MACD takes trading with moving averages one step further The MACD Line MACD is an acronym that is short for Moving Average Convergenc...
In a three wave move, the alternating waves will be wave A and wave C (or if you label with numbers, wave 1 and wave 3...
Support: 10481, 10456, 10375 Resistance:10513, 10560, 10606 US Dollar Index broke above yet another layer of resistance after reversing upward as expected having put in a Bullish Engulfing candle pattern. Near-term resistance is at 10513, the 38.2% Fibonacci retracement...
EUR/USD closed at its lowest level in seven months on Friday before recovering modestly off the 6th square root relationship of the 2013 low near 1.343 Our near-term trend bias is lower in the euro while below 1.3545 A daily close below a key Fibonacci confluence in the 1...
Margin is the amount of equity that must be maintained in a trading account to keep a position open. It acts as a good faith deposit by the trader to ensure against trading losses...
A few weeks ago we published the infographic on Freelance service. We also promised to reveal some statistics of the MetaTrader Market. Now, we invite you to examine the data we have gathered. MetaTrader Market was officially released in February 2012...
In margin forex trading, there are two prices for each currency pair, a "bid" (or sell) price and an "ask" (or buy) price. The bid price is the rate at which traders can sell to the executing firm, while the ask price is the rate at which traders can buy from the executing firm...
Bullish scenario on crude oil still perform, key level area between 97.46 - 99.32 are very important level as classsic support and resistance since aug 2012, fibonacci support level from jan 2014, and Support channel up pattern since Jul 2012...
Deutsche Bank faces an array of investigations that ranges from allegations of manipulating the Libor benchmark rate to unfairly favoring some investors in so-called dark pools and has already paid more than 5 billion euros over the past two years in settlements and fines...
