Lonny Strike / Blog
Prices broke above the 38.2% Fibonacci expansion at 1963.70, exposing the 1985.30-91.40 area marked by the 50% level and the July 24 high. A further push beyond that aims for channel floor support-turned-resistance at 1999.10. Alternatively, a turn back below at 1963.70 targets the 23...
Our near-term trend bias is positive on the metal while over 1280 A move through 1321 is needed to confirm that a more meaningful move higher is in fact underway A cycle turn window of importance is seen around the start of next month A daily close under 1280 will turn us negative on Gold XAU/USD...
He mentions that traders and investors need a level playing field to be successful and the only way to do this is with the use of an automated trading system. George W. Bush was the 43rd president of the United States...
Palladium climbed to a 13-year high in the longest run of gains in more than a month in New York on concern supply will lag demand and add to shortages. Gold fell...
The DAX initially tried to rally during the course of the week, but you can see that the €9300 level has in fact offered a bit of resistance that the market is currently trying to deal with...
Technicians exercise variety of time and price filter in order to identify valid trendline penetration and avoid bad signals or "whipsaws". Depending on the type of financail market, some use 1% while others use 3% penetration critera...
As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons: You avoid taking the same position with several correlated currency pairs at the same time and so you do not multiply your...
Traders typically approach financial markets in one of two ways: either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both of these types of analyses...
USDCAD Tests S3 Support Range Resistance Found at 1.0992 Prices above R4 Signal a Breakout USDCAD 30min Chart As seen in the chart above, the pair has retraced to its daily range support found at the S3 camarilla pivot near 1.0951...