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Current trend Late in yesterday's American session, US stock indices rose sharply: NasdaqComposite up 2.7%, S&P 500 up 2.5%, DJIA up 2.4%, DJIA up 2.4%, S&P up 2.5%. The growth continued through the Asian session today: NikkeiStockAverage gained 1.9% on opening...
Gold could be a market mover this week, or it might continue to trade sideways. Analyst Frank Holmes is interviewed by Kitco News' Daniela Cambone for his view on what to expect from gold this week...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo support level at 0.6935 and Fibo resistance level at 0.7421, and 100-SMA is moved to be below 200-SMA for the bearish trend to be continuing...
On Wednesday the greenback edged higher versus the yen as the prospect of more economic stimulus in China spurred appetite for risk and dampened demand for the shelter yen...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between 23.6% Fibo resistance level at 0.6474 and Fibo support level at 0.6084. Descending triangle pattern was formed with Fibo support level at 0...
On Wednesday Japanese stocks surged with the Nikkei 225 Stock Average logging the sharpest advance since the aftermath of the 2008 Lehman Brothers Holdings Inc. collapse, amid speculation a selloff that pushed valuations to an 11-month low was overdone...
Gold prices rose mildly in Asia on Wednesday with investors cautious ahead of next week's Federal Reserve meeting on interest rates...
For today R4 - 1.3414 / R3 - 1.3400 / R2 - 1.3384 / R1 - 1.3354 SPOT 1.3189 S1 - 1.3100 / S2 - 1.3060 / S3 - 1.3025 / S4 - 1.2952 LONG AT 1.3185 FOR 1.3380; STOP AT 1.3100 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
European equities rose on Tuesday, with Germany's benchmark DAX share index outperforming the broader market after strong trade data. Analysts said a late bounce in Chinese stocks, with the Shanghai Composite Index rising 2.9 percent after falling earlier, had also improved sentiment...
H4 price is on breakdown trying to cross 1.3176 support level from above to below for the breakdown to be continuing. The price broke Ichimoku cloud and reversed from the primary bullish to the primary bearish market condition on H4 timeframe...
Asian shares caught a tailwind on Wednesday on the heels strong rallies in the United States and Europe, with Japanese stocks on course for their biggest one-day gain in 4 1/2 years.Japan's Nikkei soared 5...
AUDUSD: AUDUSD took off strongly on Tuesday following its corrective strength. On the upside, resistance lies at the 0.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level...
Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk by Gary Antonacci After examining more than two-hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms...
When I saw the JPY strength on the far left of the screen I turned off the grid trader until price action slowed down. This is where I entered and up until the 1st weekend I took some nice profits as price traded within a range...
At another Blog here I showed that there is a 81% probability that the USD Index makes its low or high on January/February and it seems that this year we may see a great advance in the USD Index until which might begin as soon as the High & Tight flag formation complete and break out happen...
EURJPY: With the cross following through higher on the back of its Monday gains on Tuesday, it looks to retest its key resistance at the 134.98 level. Support comes in at the 133.50 level where a break will aim at the 133.00 level. A turn below here will target the 132...
In the last few years, online Forex trading has turned out to be one of the best modern ways of trading. But what exactly is Forex trading? I’m sure many of you people would be thinking. What are its benefits? How is it good for me? First of all...
In recent weeks, many market players have raised concerns over China’s growth prospects, even calling for the Federal Reserve to postpone raising rates during the height of the turmoil, but one economist says these fears are exaggerated...
