Situation from yesterday remains the same. New channels are not formed...
So, a pair will be a breakthrough channel, which indicates the desire to move up...
GOLD TECHNICAL ANALYSIS Prices are treading water after launching sharply higher last week to challenge resistance at 1321.64, the 38.2% Fibonacci expansion. A break above this barrier targets the 50% level at 1346.78. Alternatively, a turn back below the 1300/oz figure aims for the 1277...
S&P 500 TECHNICAL ANALYSIS Prices turned lower as expected after putting in a Shooting Star candlestick coupled with negative RSI divergence. Sellers are testing the 14.6% Fibonacci retracement at 1944.50, with a break below that on a daily closing basis exposing the 23.6% level at 1930.20...
CRUDE OIL TECHNICAL ANALYSIS Prices remain in consolidation mode below resistance at 107.19, the 23.6% Fibonacci expansion.A daily close above this barrier initially targets the 38.2% level at 108.49. Alternatively, a reversal below the 23.6% Fib retracementat 105...
FX Volatility is at historically low levels Range trading strategies tend to work well in low volatility environments JW Ranger Strategy can help you time entries on range bound currency pairs Forex volatility has been slowing down over the past several months...
US DOLLAR TECHNICAL ANALYSIS Prices remain in a precarious position as prices continue to hover above multi-year rising trend support set from July 2011. This barrier (now at 10401) is reinforced by a falling Wedge formation bottom...
I want to show a picture which shows the indicator Pivot Channels for the pair AUDNZD. It seemed very interesting. To give just screenshots and Statistics channels...
The USDJPY has declined as much as 468 pips for 2014 In a Downtrend, breakout traders will sell as price moves under support Entry orders can be used for breakout entries Trend traders often find themselves looking for answers when a directional market comes to a screeching halt...
On periods W1, D1 situation since last week has not changed. Open strong channel with the direction of down. So far we not see to breakout the level 23.6...
In analyzing thousands of trades and investments, I have found that many lose money because of their entry levels, not because of what they are buying or selling. This is, of course, also directly tied to a lack of any consistent risk management strategy...
On periods W1, D1 situation since last week has not changed. Open strong channel with the direction of down. So far we not see to breakout the level 23.6...
This article is a capstone on the topic of support and resistance. Below we discuss multiple subjects within the field of support and resistance, many of which offer more detailed information by clicking on the relevant link...
