Stock markets have their own mythology. You often hear a TV host say that the bears are in charge or that the bulls have taken over. Analysts like to say they are "bullish" or "bearish" on the market or on a particular stock...
What are Trend lines? Trend lines are lines drawn on the historical price levels that depict general direction of where the marking is heading, and provide indications of support or resistance. Drawing trend lines is a highly subjective matter...
Surprising, but traders are also human beings, and as all humans, they have their own superstitions, omens, symbols of fortune and bad luck, etc...
From daily chart, this pair are still in channel down, and major target for bearish at major fibonacci support at 1.3220 level. If we look inside smaller timeframe, new resistance level perform at fibonacci 61.8 at 1.3440 with target at 1.3322...
Three major types of charts 1. Bar Charts Bar charts provide traders with four key pieces of information for a given time frame: the opening price during that time frame; the closing price; the high price; and the low price. 2...
Fundamental Forecast for Australian Dollar: Neutral Australian Dollar May Rebound as Markets Retool Fed Policy Outlook Jobs Report May Overshadow RBA Rate Decision as Aussie Catalyst The Australian Dollar faced heavy selling pressure last week, with prices dropping through the bottom of a range t...
Fundamental Forecast for Yen: Neutral USDJPY Rallies as US GDP Rebounds Strongly in the Second-Quarter USDJPY Attempting to Breakout The USDJPY broke out of the bearish trend from earlier this year as the Federal Open Market Committee (FOMC) scaled back its dovish tone for monetary policy, but th...
Fundamental Forecast for Pound: Bearish British Pound breakdown looks like the real deal, further losses ahead Disappointing UK Manufacturing data sends the GBP to fresh lows Traders sent the Sterling lower for the fourth-consecutive trading week, and whether it can recover into the new month may...
Fundamental Forecast for Dollar: Neutral NFPs may have dampened momentum behind rate forecasts just before a true trend was set Risk trends may single-handedly carry the dollar’s next move – whether full blown trend or begrudging correction The most capable backup for the dollar’s run also happen...
Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia maintained rates at 2.5% on its last meeting in July, despite rumors of a possible rate cut. RBA Governor Glenn Stevens declared the currency was “overvalued” but kept monetary policy unchanged...
Estimated pivot point is at the level of 1.0787. Our opinion: Buy the pair above the level of 1.0787 with the target of 1.0990 – 1.10. Alternative scenario: Breakout of the level of 1.0787 will allow the pair to decline up to the levels of 1.07 - 1.0616...
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Estimated pivot point is at the level of 0.9003. Our opinion: Buy the pair from the correction above the level of 0.9003 with the target of 0.9130 – 0.92. Alternative scenario: Breakout of the level of 0.9003 will enable the pair to continue the decline to the levels of 0.8950 – 0.89...
Estimated pivot point is at the level of 1.6925. Our opinion: Sell the pair from correction below the level of 1.6925 with the targets of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.6925 will enable the price to continue the rise up to 1...
Estimated pivot point is at the level of 1.3414. Our opinion: Sell the pair from correction below the level of 1.3414 with the target of 1.3290. Alternative scenario: Breakout of the level of 1.3414 will allow the price to continue the rise up to the levels of 1.3450 – 1.35...
Seven habits of a successful trader. Responsibility to take your own risk: For the success full trader take every risk every decision on his own responsibility to all time. you will never meet a successful trader who is looking to blame someone...
After working at J.P. Morgan for five years, Loganchuk founded Upgrade Capital to provide opportunities to students who have no way of proving their financial capabilities when applying for jobs...
Since the MACD uses 26 and 12 EMA to plot, we shall compare these two EMAs with the MACD indicator to determine how these signals are generated...
The MACD indicator is one of the most widely and commonly used indicators available. MACD indicator is a momentum oscillator with some trend following characteristics. MACD is one of the most popular indicators used in technical analysis. It is used to generate signals using crossovers...
