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On 30 Dec 2016 01:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for EURCAD currency pair at 1.41862 under 11, 24, 9. The position closed on 03 Jan 2017 05:00 AM UTC at 1.40621 and the profit was 0.87%. AdMACD parameters for EURCAD on close were 23, 57, 4...
Divergence is an important leading signal. A divergence signal develops when price leads or lags the indicator. There are 2 types of divergences. Regular and Hidden. Regular divergence is an important trend reversal signal. Sometime it can be a retracement instead of a trend reversal...
Euro May Overlook German CPI Uptick, US ISM Survey in Focus Talking Points: US Dollar corrects broadly lower as liquidity rebuilds after holidays Aussie Dollar outperforms on upbeat China PMI, NZ Dollar follows Euro may look past German inflation uptick, US ISM survey in focus...
Talking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel...
Pivot Points DAILY Last Updated: Jan 2, 1:30 pm -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.02087 1.03796 1.0448 1.05505 1.06189 1.07214 1.08923 USD/JPY 114.418 115.573 116.271 116.728 117.426 117.883 119.038 GBP/USD 1.20337 1.21768 1.22529 1.23199 1.2396 1.2463 1.26061 USD/CHF 0.98041 0.9979 1...
Author: Favio Poci In this weekly market update you will see charts, wave counts and Fibonacci targets on the following instruments: E-Mini, SPX Dow E-Mini (YM), IWM (Russell ETF) Gold, GLD & GDX...
Pivot Points Hourly Last Updated: Jan 2, 1:30 pm -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0512 1.05157 1.05175 1.05194 1.05212 1.05231 1.05268 USD/JPY 116.593 116.669 116.701 116.745 116.777 116.821 116.897 GBP/USD 1.23214 1.23327 1.23379 1.2344 1.23492 1.23553 1.23666 USD/CHF 1.01481 1...
In the Currency Strength table the USD was again the strongest currency for the third week while the AUD was the weakest for the second week. All the Currencies remained around the level of the previous week with a maximum difference of just 1 point...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(3X) followed by the CAD(3X) with the CHF(3X). The weaker currencies are the AUD(4X) followed by the JPY(3X) with the GBP(3X...
4 Step Guide to Trading Breakouts in Forex Article Summary: A simple Forex strategy used by traders is a price breakout strategy. Here are 4 easy to follow steps to trade a price breakout and manage that risk. You have probably heard the phrase “buy low and sell high”...
Simple and Profitable Strategy for Trading Breakouts In the following article, I will describe a complete strategy for trading breakouts. This includes: Definition of “Breakout” Examples What Really Happens in a “Breakout”...
Stochastic Oscillator is ideal for divergence traders. Stochastic oscillator shows overbought and oversold conditions. But if you will try to trade overbought and oversold conditions, you will get yourself burned...
Pivot Points MONTHLY Last Updated: Jan 2, 3:10 am -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 0.95375 1.00587 1.02875 1.05799 1.08087 1.11011 1.16223 USD/JPY 104.569 110.364 113.666 116.159 119.461 121.954 127.749 GBP/USD 1.12856 1.18598 1.20944 1.2434 1.26686 1.30082 1.35824 USD/CHF 0.95288 0...
Pivot Points WEEKLY Last Updated: Jan 2, 3:05 am -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 0.99493 1.02314 1.03738 1.05135 1.06559 1.07956 1.10777 USD/JPY 113.388 115.161 116.065 116.934 117.838 118.707 120.48 GBP/USD 1.19301 1.21176 1.22233 1.23051 1.24108 1.24926 1.26801 USD/CHF 0.96551 0...
Pivot Points DAILY Last Updated: Jan 2, 3:05 am -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.02087 1.03796 1.0448 1.05505 1.06189 1.07214 1.08923 USD/JPY 114.418 115.573 116.271 116.728 117.426 117.883 119.038 GBP/USD 1.20337 1.21768 1.22529 1.23199 1.2396 1.2463 1.26061 USD/CHF 0.98041 0.9979 1...
Pivot Points Hourly Last Updated: Jan 2, 3:03 am -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0512 1.05157 1.05175 1.05194 1.05212 1.05231 1.05268 USD/JPY 116.593 116.669 116.701 116.745 116.777 116.821 116.897 GBP/USD 1.23214 1.23327 1.23379 1.2344 1.23492 1.23553 1.23666 USD/CHF 1.01481 1...
If you look at EUR/USD weekly chart it seems it has found support for now. EUR/USD will make a retracement and find resistance at EMA21. Then it will start its downward march once again. Read this blog post that explains how low can EUR/USD go...
If you are a commodity trader then you should know this secret club that runs the world. A group of oil traders were driving crude oil prices higher some two years ago. Delta Airlines complained Commodity Futures Trading Commission regarding this. When nothing was done...
EURUSD: The pair rejected higher prices to print a rejection candle on Friday. This development leaves risk lower in the new week on a possible price resumption. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1...
