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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...
The market can be moved between parallel support/resistance levels. Price channel between two parallel lines may often be drawn in market with trending. The key to price channel is that the lines be parallel to each other...
China’s stock investment universe has surely improved in the past decade. Yet the second disclosure in less than two weeks that a chairman of a mainland company listed at the Hong Kong Stock Exchange had disappeared underscores that investment risks still abound...
Prices continue to advance as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above the 23.6% Fibonacci retracement at 10456 has exposed a horizontal pivot at 10481. Pushing further beyond that targets the 38.2% level at 10513...
On Tuesday the dollar held steady near a six-month peak against a basket of major currencies at Australian and Singapore markets, as investors kept to the sidelines ahead of a policy review by the Federal Reserve...
The NZD/USD pair fell hard during the course of the week, closing towards the very low of the range. This of course tells us that the market should continue to fall, but we see a significant amount of support in the neighborhood of the 0.85 level...
Far from Wall Street in a Chicago neighborhood once synonymous with urban blight, two futures industry veterans are using secrecy and speed to mint fortunes. Their firm, Jump Trading LLC, was all but invisible until it was among six companies subpoenaed in April by New York prosecutors...
The USD/CAD pair initially fell during the course of the week, but as you can see we broke above the 1.08 handle finally...
The USD/JPY pair bounced during the week, to continue the consolidation that we have seen for some time...
This Monday bitcoin fell further below the $600-level, as a wave of technical selling kicked in after prices fell below key support levels. According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency dropped 1.76% to trade at $580...
Strong numbers, strong markets the recent escalation of various geopolitical crises could touch the DAX little. But even some worse than expected leading economic indicators from Germany left the stockbrokers cold. There could be good reasons...
Leading Diagonals It has recently come to light that a diagonal occasionally appears in the wave 1 position of impulses and in the wave A position of zigzags...
Silver markets tried to fall during the course of the week, and although we did produce a red candle it has to be said that the range was in exactly impressive. On top of that, there is the $20.00 level below, which of course is very supportive...
Pressure from seller may drag gold to 1282 from 1310 at fibonacci resistance. This level is important, because there is 61.8 major fibonacci and 127.2 PRZ. If rejection happen from 1282, Bullish will continue to reach 1363 as major fibonacci target...
The Dow Jones 30 fell during the course of the week, but continues to grind sideways as the market is trying to break out above the 17,150 level, and seeing quite a bit of resistance in the process...
The S&P 500 went back and forth during the course of the week as you can see, really not settling much. The neutral candle tells us that we are still running in the significant resistance at the 2000 handle, which we see as a gateway to going much higher...
USDCHF bounced sharply from the lows few months back, and it seems that this bullish legs will now continue as latest retracement from the highs has unfolded in a corrective manner. We would not be surprised to see a rally through 0.9080 this summer and acceleration up to 0...
IMPORTANT: We answered all the questions and you'll find the latest answers at the second comment page. Dear customers, friends and interested traders, today we want to share our Blueball Trading System with you...
This article is another one in the series of publications about trading strategy based on MarketMeter indicator and accompanying CCFs+. This time it's very important story, because the trading brought some losses...
The NASDAQ tried to rally during the course of the week, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which of course is a sign of weakness, but we have enough support below that we do not feel that the market is ready to break down...
