Considering the USDOLLAR Index is approaching it's trendline, we should see a resistance test in the next few days. If there is a rejection, the position will be increased. (From 0.5% to 0.9% total equity.)
Have you ever taken a chart and looked at it from the flip-side? Why would you do that? To avoid bias. There is a long bias and a short bias. We all have biases, but just need to confirm it by a simple test. Plot a chart of SYM and then plot the inverse of the chart next to it by using 100/SYM. You can make the numerator any size you want to get the price...
Here's my third chart of my daily series where I day-trade the Nikkei 225. After a 100 points loser and a 800 points winner trade, I'll wait for this trendline breakout. (Or resistance, if it insists on going to lower levels, which I doubt right now .) My orders are set on the following ranges (blue squares) with its respective numbers of % importance: ...
I recently posted about a potential sell on this pair but the right setup never presented itself and we are now breaking long. You have to make sure you never get attached to a direction and always go with what price is telling you. Explanation on the chart here so lets see how this plays out :) for mentoring enquiries email: contact@fxbentrading.co.uk
Although I have am sort of skeptical about the trading analysis of triangles, this one holds very high hopes on it's outcome. Remember the UJ is highly correlated to the S&P500 and other US indexes nowadays, so any sudden moves on the equities markets will be followed by this pair as proxy. I'd say the breakout is bear biased, considering the market condition...
Second downgrade coming soon, I think . economics.rabobank.com marketrealist.com www.bulletinleader.com
EURUSD is looking bearish, that makes EURJPY pair look kind of bearish. Furthermore, the trend is going down and has not revealed to me any signs why tomorrow it shouldn't do the same. There is a pullback now and it looks approximately done so I think this is a good short term shorting opportunity. Thanks for reading.
Looks like this pair has finally made a decision!!!! It had moved to a Bullish bias for a while before consolidation. It looked like then making another push long but that move failed and formed a lower high. We now have this week closing below support and giving us a short. That follows last weeks big bearish candle that engulfed around 10 weeks of Price...
When something is unclear up close, it is often more attainable from a broader perspective. Rarely do traders look at the big picture when evaluating a trend. What people dont know about the DXY is that it has travelled to much higher price ranges than its current treading grounds. When we look at a large time scale, we see that the recent USD rally is a lot less...
During the recent selloff, Boeing on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 137, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 121. On short term basis, the price managed to hold 1-year ascending channel...
Here is a quick outline of how to detect a bias shift on a trade-able instrument. Clearly the last few days are completely out of the norm. The market has expanded.
Looks like we are finally getting some movement in the markets after the low August we have had. This pair in particular has been ranging and now looks to be breaking long. Providing we get a strong Daily close like the candle thats currently forming we will be going long here as you can see in the analysis on the chart. Target 1 = 1.5900 Target 2 = 1.6140
url=https://www.runningalpha.com]Running Alpha Capital Markets continues to favor USA and India Equity Markets -- Access to high conviction names in this space is now available. Although Running Alpha Capital Markets is very bearish on Canada this fall, they are very bullish on USA NASDAQ technology - ( dominant move coming out of widening consolidation should...
THIS ANALYSIS OFFERS VARIOUS SUPPORT/RESISTANCE LEVELS. FUNDAMENTALLY, I DO NOT SEE OIL GOING BELOW OUR 10 YEAR ALL-TIME LOW, OR SURPASSING SUPPLY OUTPUTS THAT WE SAW PREVIOUSLY THIS YEAR IN OPEC PRICE WAR. IT IS SMART TO ACCUMULATE A POSITION OVER TIME THROUGHOUT 2015 IN THE $40-50 RANGE FOR A LONG-TERM HOLD.
CABLE HAS BEEN BULLISH FOR A LITTLE WHILE NOW. THE RECENT PULLBACK BRINGS PRICE BACK TO RETEST SUPPORT AND A THIRD TRENDLINE BOUNCE. WE ALSO HAVE A FIB PLAY HERE AT A 50% RETRACEMENT. TO TRIGGER THE LONGS WE WANT A BREAK OF THE CTL AND WE WILL THEN BE TARGETTING BACK AT THE HIGHS BEFORE SEARCHING FOR A HIGHER HIGH AT KEY RESISTANCE, CONFLUENT WITH FIB...
BIAS FOR THIS PAIR IS FIRMLY BULLISH AT THE MOMENT. PRICE HAS BROKEN ABOVE RESISTANCE AT 1.9520 AND I AM NOW MONITORING P.A ON THE 4HR TIMEFRAME FOR A RETEST AND CONFIRMATION TO GET IN TO A LONG TRADE. TARGET FOR THIS IS 1.9825 AT THE -61.8 FIB EXTENSION FROM THE DAILY FIB SETUP.
AS THE GBP CONTINUES ITS BULLISH MOMENTUM ACROSS THE BOARD IT COULD PROVIDE A NICE LONG OPPORTUNITY ON THIS PAIR. WE HAVE MADE 2 HIGHER LOWS AND RECENTLY SNEAKED IN A HIGHER HIGH. ALTHOUGH WE WASNT ABLE TO GET A CLEAN BREAK ABOVE THAT RESISTANCE IT COULD BE A GOOD SIGN OF THINGS TO COME. I AM NOW MONITORING P.A CLOSELY FOR A LONG SETUP. I HAVE HIGHLIGHTED THE...