Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter...
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Natural gas futures headed for a sixth consecutive weekly decline in New York on forecasts for mild weather that would curtail demand for the power-plant fuel. Gas prices last fell for six straight weeks in 2010...
An increase in volatility can cause price to breakout Camarilla Pivots can be designated for planning order entries Traders can use 1x extension of the trading range for profit targets While price may spend the majority of its time reversing between lines of support and resistance, there will als...
Prices resumed their move upward to set a new record high. Near-term resistance is at 1995.80, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 2010.40. Alternatively, a reversal below the 23.6% Fib at 1977...
“You are a slow learner, Winston.” “How can I help it? How can I help but see what is in front of my eyes? Two and two are four.” “Sometimes, Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane...
Trade size can destroy an otherwise profitable strategy. Controlling leverage to under 10:1 gets us part of the way there. Trade size is not talked about very often...
USD/CHF Technical Strategy: Flat Support: 0.8983, 0.8934, 0.8904 Resistance: 0.9022-36, 0.9061, 0.9110 The US Dollar is attempting to extend its advance against the Swiss Franc having launched to the highest level in nearly two months yesterday. A daily close above resistance in the 0...
EURAUD opens US trading below S4 A bias towards lower lows remains under 1.4257 A move above 1.4296 would signal a potential false breakout Price began to immediately drop, and move below trading range support at 1.4296...
The quantitative and qualitative monetary easing, or QQE, policy introduced by the Bank of Japan, or BOJ, to reach target inflation rates has been having its intended effects, BOJ Deputy Governor Hiroshi Nakaso said in his speech on Wednesday...
A close look at daily charts of BTC/USD shows that the digital currency is trading in a very narrow range on back of low volumes but has taken strong support at $609 which is also the monthly pivot level for the digital currency...
The Dow Jones 30 rose during the course of the week as you can see, moving to the 17,000 area. This area is resisting, so we would believe that a move above 17,000 on a daily close would be enough to get the longer-term traders involved as well...
EURCAD starts week trading at R3 Resistance Range targets sit at 1.4485, S3 pivot support The EURCAD has begun the week, trading near short term R3 resistance...
GDP is one economic model among several that could serve the purpose, but its use conveniently leads to policies that reflect the thinking of a particular school of economic monetary and fiscal policy advocates...
EUR/GBP has been on bearish in 2014 since the high on the year at 0.84. Price has been trading within a falling channel. The RSI has tagged 30, and has held below 60, even below 50. This reflects maintenance of bearish momentum...
Price is considered range bound when it is not trending up or down. We can connect swing highs and lows together to create support and resistance levels. Entering a trade with a positive Risk:Reward ratio can tip the odds in our favor...
Investing in the stock market can be challenging sometimes, because the market can be so volatile. But with the right information, you can make the market much easier to profit from. Here are some investing tips that will keep you on the right road so your investment returns can keep growing...
Prices moved lower as expected after putting in a bearish Evening Star candlestick pattern at the top of a rising channel set from mid-April. Sellers are testing support in the 1954.20, marked by a rising channel bottom set from early April...
Trading in the Forex market will go much better if you have an understanding of currency conversion, as well as some knowledge of how currencies are exchanged across international lines...
