W1 price is trending between S1 Pivot at 1.1337 and S2 Pivot at 1.0672 with Central Pivot at 1.2665: The price is on bearish ranging between pivot levels at 1.1337 and 1.0672; The price is breaking descending triangle pattern with 1...
W1 price is located to be between R2 Pivot at 1.2566 and R3 Pivot at 1.3352 with Central Pivot at 1.1392: the price is on bullish for ranging between R2 Pivot at 1.2566 and R3 Pivot at 1.3352; price is on overbought condition ranging between 1.2834/1...
Societe Generale made some prediction concerning EUR/USD based on fundamental analysis: "The overall picture is sufficiently blurred that month-end flows and pre-FOMC position-squaring will probably dominate...
W1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo resistance level at 195.87 and 50.0% Fibo support level at 185.41...
W1 price is located above 200 period SMA (200-SMA) and below 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo resistance level at 141.05 and 50.0% Fibo support level at 133.29...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish market condition: The price is on downtrend for trying to break Fibo support level at 0...
Description Cruscotto is the ultimate currency strength/weakness indicator. It monitors the status of the 8 major currencies, gold and oil in real time, using the data coming from 6 different time frames: from 15 minutes up to one month of data...
W1 price is located below and near 200 SMA and 100 SMA for the primary bearish: the price is ranging between 1.4565 support level and Fibo resistance level at 1.5929: 1.4565 support level is located below 200/100 SMA which are located far below this level; Fibo resistance level at 1...
Chart Prepared by Jamie Saettele, CMT The fixing extent since the May high could make a triangle inside of a bigger development from the March low...
NZD/JPY: bearish is more likely. The pair is on bearish with daily and weekly trend but if we look at intra-day situation so we see the reversal to the bullish. иBut do not be fooled - this pair is making bearish irrespective off the situation for example...
Daily Chart Prepared by Jamie Saettele, CMT Mechanize exchanges with Mirror Trader and see thoughts on other USD crosses - "The last a few July's have been critical for USDOLLAR. An essential top enlisted in July 2013. In 2014 (low was June 30th and rally started on 7/2), a critical low framed...
W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96: The price is on bullish ranging between Central Pivot level at 114.36 and R1 Pivot level at 127...
Most price action traders place buy or sell stop orders with a pre-determined stop loss level, and a take profit or target level...
Trading range: the market moves up and down within a consistent range without establishing a definitive trend in one direction Consolidation: the range of price's movement constricts as the market becomes directionless Reversal: the market moves in the opposite direction from the previous trend...
How the market reacts to economic releases is generally determined by two factors: How important the market considers a particular release to be. How close to market estimates the number comes in at...
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Humans in general grow up being taught by their environment of the importance of always being right. Those who are right are envied as the winners in society and those who are wrong are cast aside as losers...
One of the most common mistakes is sticking in a trade where you know your forex trading strategy is correct, but the market continues to move against you. Famous economist John Maynard Keynes once said: “The markets can remain irrational longer than you can remain solvent”...
Consumer Price Index (CPI) measures the price that consumers pay for those goods. Released at 8:30 am eastern standard on approximately the 15th of each month, the Consumer Price Index (CPI) is a measure of the changes in prices paid by urban consumers for a fixed basket of goods and services...
