Brokers Star - Daily Technical Analysis - page 3
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
9th July 2013Oil Technical Analysis
Oil H4 Outlook
Price create a long tail pin bar at a support level as pointed with an arrow on the chart. Trend is still very bullish at this moment and a lot of traders might have jump in on that pin bar. However, price do not move higher but moving sideways which shows that there isn't a lot of buyers at that price level.
Traders who are in a long position may consider to reduce the risk by scaling out position at the price they enter and if price breaks through the upper level - 104.00, then traders may consider to scale into the current long position. Stops can be place at the support level below. Always control our risk and keep our risk minimum when trading.10th July 2013Oil Technical Analysis
Oil H4 Outlook
As our yesterday post (http://on.fb.me/188e41g) suggest to scale in or go long after the break of the 104.00 resistance level. However, price creates another long tail pin bar before breaking (as pointed on the chart) which gives us a long signal and enable us to enter earlier before the break.
Price is still in a strong up trend and there's another resistance level at 106.50 which we may consider to scale out the long position or take profit and consider to scale in again when opportunity arise. The broken resistance level is now a support level.11th July 2013Oil Technical Analysis
Oil H4 Outlook
Oil continue to moves higher and hit our key resistance level at 106.50 as we expected in our yesterday post (http://on.fb.me/188RTVp) and it's suggested to scale out the long position and scale in when opportunity arise.
Price is still in a strong up trend and we may place our stop loss a few pips below our previous resistance level at 104.00 (red line). We may look for long opportunity at this 104.00 support level as well. Conservative traders may consider to close out the long position at our suggested resistance level (106.50).12th July 2013Gold Technical Analysis
Gold H4 Outlook
Gold have created higher high and higher low which signals that trend might turn here. Our previous resistance level has now became a support level thus price may bounce off from here. Price may bounce off from here at 1267.00 support level therefore look out for a confirmation on that level.
If price moves higher after hit this support level, we may see price continue to moves higher to the next resistance level at 1340.00 resistance level which was previous daily support level.15th July 2013Gold Technical Analysis
Gold H1 Outlook
As we expected in our last Friday post (http://on.fb.me/14TrhGu), gold hit a support level which is previous resistance level at 1267.00 and price moves higher after hit the support level. On the lower time frame chart, we can see a pin bar created at the support level and that confirmation gives us a buy signal.
Price is still in up trend on 60 minutes time frame and it might probably move higher if price breaks the resistance level above at 1300.00 which is also a round number/psychology level. 1300.00 resistance level may be a good place for buyers to take profit or scale out their position and scale in when opportunity arise.16th July 2013EUR/USDTechnical Analysis
EUR/USD Daily Time Frame Outlook
We have 3 long tail pin bar in a row at our key resistance level at 1.3000 which is a big round number/psychology level. Price finally cross above the last pin bar high and give us a buy signal.
Euro is still moving sideways on weekly time frame and we have a key resistance level at 1.3200 which is also a round number/psychology level. May consider to take profits at that resistance level or scale out position. The 1.3200 resistance level may serve as a short opportunity as well since price is moving sideways. Price action confirmation or other confluences is still needed as usual to avoid false signal.17th July 2013Gold Technical Analysis
Gold H4 Outlook
Gold is consolidating and we have an ascending triangle chart pattern and a key resistance level above at 1300.00 which is also a big round number/psychology number. If price breaks through the ascending triangle and key resistance level, then price is likely to travel to 1337.50.
The blue arrow is where we suggested to go long and those who are still holding long position may consider to scale out the position and scale in the position when price breaks through the ascending triangle and key resistance level.18th July 2013AUD/USD Technical Analysis
AUD/USD Daily Time Frame Outlook
Trend is still very bearish on Aussie and price has rejected from the 0.9320 key resistance level twice and yesterday we have an indecision candle near the 0.9320 key resistance level and price today cross below the lowest low of yesterday candle gives out short signal.
Price may probably move lower to the next support level at 0.9035 before any bounce and there may serve as a profit target or a place to scale out position.19th July 2013Oil Technical Analysis
As we discussed in our 11th July 2013 post (http://on.fb.me/13SzH4d), price bounce higher as we expected at our key support level at 102.10 as pointed in the chart. Price continue to breaks higher after hit that support level.
We have a bullish pennant pattern (more obvious on Daily time frame) [small pic on the chart] and price breaks through the pennant pattern yesterday with strong momentum and this may serve as a buy signals for us to scale in our previous long position. Price may continue to move higher as the trend is still bullish at this moment and it may move to the next key resistance level at 110.00 which is also a round number/psychology number. Stop loss have to be managed accordingly to reduce the risk. It's weekend and stop loss is not recommended to place too tight as there might have gap on Monday.
22nd July 2013EUR/USD Technical Analysis
EUR/USD Daily Time Frame Outlook
Euro move higher as we expected in our 16th July 2013 (http://on.fb.me/18yaFsR) and it's moving towards our key resistance level at 1.3200 which is also a round number/psychology level. May consider to scale out position here or take profit here or maybe will provide us short opportunity.
If price breaks through the 1.3200 key resistance level, the next key resistance level will be at 1.3300 which is also a round number/psychology level. It may gives us short opportunity as well. Price is still moving sideways at this moment therefore we may take both long and short position but confirmation is still needed as usual to avoid any false signal.