Tuesday, December 29, 2015

EUR/CHF

Summary : Target Level : 1.08
Target Period :
2 days

Analysis :
Rising Wedge identified at 29-Dec-01:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.08 within the next 2 days.

Resistance Levels :
( B ) 1.0855Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.08Last support turning point of Rising Wedge.


 

Thursday, December 17, 2015

AUD/USD chart

Summary : Target Level : 0.7161
Target Period :
2 days

Analysis :
Rectangle identified at 17-Dec-01:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.716 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.728Last resistance turning point of Rectangle.

Support Levels
( A ) 0.7161Last support turning point of Rectangle.

 

Wednesday, December 16, 2015

EUR /USD

Summary : Target Level : 1.0835
Target Period :
3 days

Analysis :
Rising Wedge has broken through the support line at 15-Dec-17:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.084.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( A ) 1.106Last resistance turning point of Rising Wedge.



 

Tuesday, December 15, 2015

GBP/ USD Chart

Summary : Target Level : 1.4957
Target Period :
3 days

Analysis :
Channel Up identified at 14-Dec-09:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.496 within the next 3 days.

Resistance Levels :
( B ) 1.524Last resistance turning point of Channel Up.

Support Levels
( A ) 1.4957Last support turning point of Channel Up.

 

Thursday, December 10, 2015

GBP/USD Chart

Summary : Target Level : 1.4957
Target Period :
2 days

Analysis :
Channel Up identified at 10-Dec-03:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.496 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 1.5196Last resistance turning point of Channel Up.

Support Levels
( A ) 1.4957Last support turning point of Channel Up.


 

Tuesday, December 8, 2015

USD/JPY Chart

Summary : Target Level : 122.3005
Target Period :
3 days

Analysis :
Descending Triangle identified at 08-Dec-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.3 within the next 3 days.

Resistance Levels :
( B ) 123.4755Last resistance turning point of Descending Triangle.

Support Levels
( A ) 122.3005Last support turning point of Descending Triangle.


 

Thursday, December 3, 2015

USD/JPY Chart

Summary : Target Level : 122.641
Target Period :
2 days

Analysis :
Channel Up identified at 03-Dec-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.641 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 123.668Last resistance turning point of Channel Up.

Support Levels
( A ) 122.641Last support turning point of Channel Up.

 

Tuesday, December 1, 2015

GBP/CHF Chart

Summary : Target Level : 1.5532
Target Period :
3 days

Analysis :
Triangle identified at 01-Dec-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.553 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.5532Last resistance turning point of Triangle.

Support Levels
( A ) 1.5442Last support turning point of Triangle.


 

Wednesday, November 18, 2015

EUR/CHF Chart

Summary : Target Level : 1.0833
Target Period :
3 days

Analysis :
Triangle identified at 17-Nov-13:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.083 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.0833Last resistance turning point of Triangle.

Support Levels
( A ) 1.0775Last support turning point of Triangle.


 

Monday, November 16, 2015

USD/CAD Chart

Summary : Target Level : 1.3225
Target Period :
3 days

Analysis :
Rising Wedge identified at 16-Nov-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.322 within the next 3 days.

Resistance Levels :
( B ) 1.335Last resistance turning point of Rising Wedge.
Support Levels
( A ) 1.3225Last support turning point of Rising Wedge.

 
 

 

Wednesday, November 11, 2015

EUR/GBP Chart

Summary : Target Level : 0.7197
Target Period :
3 days
Analysis :
Ascending Triangle identified at 11-Nov-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.72 within the next 3 days.

Resistance Levels :
( B ) 0.7197Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 0.7068Last support turning point of Ascending Triangle.

 

Tuesday, November 10, 2015

EUR/JPY

Summary : Target Level : 131.493
Target Period :
3 days
Analysis :
Descending Triangle identified at 09-Nov-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 131.493 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 133.192Last resistance turning point of Descending Triangle.

Support Levels
( A ) 131.493Last support turning point of Descending Triangle


 

Monday, November 9, 2015

EUR/USD Chart

Summary : Target Level : 1.0885
Target Period :
2 days
Analysis :
Channel Down identified at 09-Nov-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.088 within the next 2 days.

Resistance Levels :
( B ) 1.0885Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0707Last support turning point of Channel Down.


 

Wednesday, November 4, 2015

GBP/USD Chart

Summary : Target Level : 1.5498
Target Period :
3 days
Analysis :
Ascending Triangle identified at 04-Nov-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.55 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.5498Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.536Last support turning point of Ascending Triangle.


 

Tuesday, November 3, 2015

Forex USD/JPY

Summary : Target Level : 121.486
Target Period :
3 days
Analysis :
Ascending Triangle identified at 02-Nov-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 121.486 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 121.486Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 120.258Last support turning point of Ascending Triangle.

 

Saturday, October 31, 2015

paper trading

The beauty of paper trading is that you get to test your ideas without risking real dollars. Learn from your mistakes at no cost. At the same time, follow these paper trades as if your real hardearned dollars were at risk  which should teach you how to monitor open positions . There’s an emotional and psychological element to trading that causes human beings to react differently when we feel something important  money  is on the line, versus how we trade when we feel no such pressures. Please take the simulation seriously, as it is a core element in the flow of this program.You will very quickly understand that call options can give you the right to buy a stock at a specified price for a specified period of time, and that put options gave you the right to sell rather than to buy a stock.

Tuesday, October 27, 2015

USD/JPY

Summary : Target Level : 119.626
Target Period :
3 days
Analysis :
Channel Up identified at 27-Oct-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.626 within the next 3 days.

Resistance Levels :
( B ) 121.47Last resistance turning point of Channel Up.

Support Levels
( A ) 119.626Last support turning point of Channel Up.

 

Thursday, October 22, 2015

USD/CHF

Summary : Target Level : 0.9635
Target Period :
3 days
Analysis :
Triangle has broken through the resistance line at 20-Oct-20:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.964.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
Support Levels
( A ) 0.9494Last support turning point of Triangle.


 

Wednesday, October 21, 2015

GBP/JPY Chart

Summary : Target Level : 182.77
Target Period :
2 days
Analysis :
Channel Up identified at 21-Oct-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 182.77 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 185.5995Last resistance turning point of Channel Up.

Support Levels
( A ) 182.77Last support turning point of Channel Up.


 

Saturday, October 17, 2015

forex or stock trader

It takes experienced traders to trade these markets but a trending one is easer to work with, but investors or long term traders have trouble in a range bound market. The range-bound highly volatile low volume trader’s market is not for trend trading. Learn to read your forex platform charts and graphs. Ignorance is the first step towards failure. As a forex or stock trader you need to understand the difference in these types of markets to make more money in your trading. You need to use tighter stops if the markets are range bound to keep from blowing up your account. Normally day traders will make trades all day long in a chopping market only to see that they have lost money. Trading a chopping forex market is very difficult to do even for experienced traders.
You need to try longer time frames and do some swing trading you will have a better chance to make some money. learning to read your charts and staying with the trend is better then just blindly trading a chopping market. Look at time frames of four hours or more and you can identify the trend much more easily. You can see support and resistance levels and stay away from the chop of shorter time frames. This is where you can make better trading decisions especially trading the forex markets. Longer time frames will also keep you away from the spikes caused by news releases.Forex markets will settle down and resume the trend after news is released. It is much safer to wait till after any kind of news to make your trades. Look for the support and resistance area on charts to set your trades and you will be making less risky trades.

Tuesday, October 13, 2015

EUR/JPY Chart

Summary :
Target Level : 134.821
Target Period : 3 days

Analysis :
Channel Up identified at 12-Oct-16:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 134.821 within the next 3 days.

Resistance Levels :
( B ) 136.869Last resistance turning point of Channel Up.

Support Levels
( A ) 134.821Last support turning point of Channel Up.

 

Thursday, October 8, 2015

Forex Trading

While it's hard to earn money in real estate with the price of homes in the tens of thousands, and it's even harder to start up a business, the opportunity to make money on the Forex market always exists.  Keep in mind that the opportunity to lose money also exists and traders could sustain a loss of some or all of their initial investment.  Wondering how to make money online on the Forex market? You have to learn. How do you learn? We teach you.
Forex Currency Trading for Beginners

Stock Trading Selling a Stock

One very major reason that you may need to consider selling your stock is when it has gone sour by underperforming in the stock market. There may come a time when investing on certain stocks may even cost you more than the actual money that you get in return. There are times however, when you do not necessarily have to sell within the instant. Make sure that you check possible reasons why your stock has not been doing well, many different factors like the wrong market timing or the bad news within the company may normally cause some decline in the stock price. But when you have noticed that your stock has not been meeting your expectations for a consecutive number of trading days, and then it may certainly be better to just save yourself from losing more money. There are always more trades to look at.
Selling a Stock

Wednesday, October 7, 2015

CHF/JPY

Summary :
Target Level : 123.2005
Target Period : 2 days

Analysis :
Channel Up identified at 07-Oct-03:30 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 123.2 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 124.379Last resistance turning point of Channel Up.
Support Levels
( A ) 123.2005Last support turning point of Channel Up

 
.

Monday, October 5, 2015

GBP/USD Chart

Summary :
Target Level : 1.5255
Target Period : 3 days

Analysis :
Falling Wedge has broken through the resistance line at 01-Oct-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 1.526.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
Support Levels
( A ) 1.5109Last support turning point of Falling Wedge.


 

Thursday, October 1, 2015

EUR/JPY Chart

Summary :
Target Level : 132.8936
Target Period : 2 days

Analysis :
Triangle has broken through the support line at 30-Sep-16:00 2015 GMT. Possible bearish price movement forecast for the next 2 days towards 132.894.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 135.038Last resistance turning point of Triangle.

Support Levels
( A ) 133.948Last support turning point of Triangle.


 

Wednesday, September 30, 2015

EUR/USD

Summary :
Target Level : 1.1117
Target Period : 2 days

Analysis :
Triangle identified at 29-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.112 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 1.1281Last resistance turning point of Triangle.

Support Levels
( A ) 1.1117Last support turning point of Triangle.

 

Monday, September 28, 2015

EUR/USD Chart

Summary :
Target Level : 1.1117
Target Period : 2 days

Analysis :
Descending Triangle identified at 28-Sep-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.112 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.1213Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.1117Last support turning point of Descending Triangle.


 

Thursday, September 24, 2015

Forex USD/JPY Chart

Summary :
Target Level : 120.6555
Target Period : 2 days

Analysis :
Triangle identified at 23-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 120.656 within the next 2 days.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 120.6555Last resistance turning point of Triangle.

Support Levels
( A ) 119.6395Last support turning point of Triangle.


 

Monday, September 21, 2015

CHF/JPY

Summary :
Target Level : 122.9138
Target Period : 3 days

Analysis :
Channel Up has broken through the support line at 18-Sep-20:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 122.914.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 125.2995Last resistance turning point of Channel Up.

Support Levels
( A ) 123.162Last support turning point of Channel Up.


 

Wednesday, September 16, 2015

GBP/CHF chart

Summary :
Target Level : 1.4912
Target Period : 2 days

Analysis :
Descending Triangle identified at 16-Sep-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.491 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.4984Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.4912Last support turning point of Descending Triangle.

 

Monday, September 14, 2015

USD/CAD Chart

Summary :
Target Level : 1.3324
Target Period : 3 days

Analysis :
Ascending Triangle identified at 11-Sep-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.332 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.3324Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.3156Last support turning point of Ascending Triangle.


 

Tuesday, September 8, 2015

EUR/GBP chart

Summary :
Target Level : 0.7284
Target Period : 2 days

Analysis :
Triangle identified at 07-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.728 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.7355Last resistance turning point of Triangle.

Support Levels
( A ) 0.7284Last support turning point of Triangle.


 

Thursday, September 3, 2015

Forex GBP/USD

Summary :
Target Level : 1.5476
Target Period : 3 days

Analysis :
Falling Wedge has broken through the resistance line at 02-Sep-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 1.548.

Resistance Levels :
( B ) 1.5408Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.5265Last support turning point of Falling Wedge.

 

Monday, August 31, 2015

USD /CAD chart

Summary :
Target Level : 1.3167
Target Period : 2 days

Analysis :
Triangle identified at 28-Aug-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.317 within the next 2 days.

Resistance Levels :
( B ) 1.33Last resistance turning point of Triangle.

Support Levels
( A ) 1.3167Last support turning point of Triangle.

 

Thursday, August 27, 2015

Best stock trading system

Keep your long term stock and let them perform for you, don’t buy and sell the to frequently. You can get taken in  by short term market trends and sell a good stock that is down because of the lousy market.  If a stock has performed well over the years don't run for the exits just because there is some selling pressure.  Smart investors wait for a bottom to be put in and buy the stock. Don't get impatient and buy stocks out of
boredom this is a big mistake new investors make. You should create a portfolio of safe stocks. If you do that and  buy high quality stocks and diversifying your investments you will be profitable in the long run. Look at  companies that have been paying a dividend over a long term. All the top stock brokers will have a screener that  can give you the top choices to make. Stocks that have dividends are more expensive.
Best stock trading system

Thursday, August 20, 2015

FOMC minutes

If anything, the July’s FOMC minutes have reduced expectations for a September liftoff. Before the release the odds were +50% that the Fed would begin its rate nominalization policy in a few weeks, now Fed fund futures are trading close to +34%. If the Fed is to raise rates in September, economic data since the July 29 policy announcement needs to win over at least a majority of the voting members – “most” still feel that conditions have not been met. Data since the last policy announcement has been mixed, including disappointing reports on manufacturing and consumer sentiment, while July non-farm payroll (NFP) came in as expected. It has been rather quite, but tensions have been rising again in the Ukraine. Russia is feeling the pain of the collapse in oil and the RUB. They now see crude prices hitting $30-35 dollars a barrel and Putin needs a distraction. Africa is feeling the pain of China’s slowdown and yuan weakness. Chinese demand for hard commodities and energy that Africa produces will be tested (in 2015 it was worth approximately $250b to the continent). The ZAR is trading at a 14-year low (12.96) and the world is beginning to question China’s “real” growth potential, especially since the PBoC has been tinkering with its own currency valuation. Chinese authorities will also be slightly miffed that the yuan has been passed over by the IMF as a reserve unit for at least another year yesterday.
The combination of significant weakness in commodity prices and ongoing concerns about emerging markets has been weighing heavily on most equity markets and should not get any easier next month. With history tending to repeat itself, the month of September is historically the worst month of the year for equities. Investors will need to be alert and ready now that the market is focusing intently on the U.S August job report for rate guidance.

Wednesday, August 19, 2015

EUR/USD Chart

Summary :
Target Level : 1.1189
Target Period : 2 days

Analysis :
Flag identified at 19-Aug-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.119 within the next 2 days.

Resistance Levels :
( B ) 1.1189Last resistance turning point of Flag.

Support Levels
( A ) 1.1018Last support turning point of Flag.


 

Friday, August 14, 2015

USD/CHF

USD/CHF still down slightly on the day for now, but not   breaking down. If anything, today's action so far is a bend and not a break. For it to turn into a break, the mkt would need to tank below 0.9685/70 zone and we are just not sure that can be  possible today. To the upside, the sellers seem to keeping the upside capped near 0.9800/20.
R5: 1.0000 * figure
R4: 0.9984  19 Mar high
R3: 0.9903 * 11 Aug high
R2: 0.9850/55  intraday level
R1: 0.9800/20 * break zone
S1: 0.9723  intraday level
S2: 0.9685/70 * trendline, 12 Aug low
S3: 0.9644 * 03 Aug low
S4: 0.9600  figure
S5: 0.9542 * 200-day MA

Thursday, August 13, 2015

Forex USD/JPY

Summary :
Target Level : 123.7521
Target Period : 3 days

Analysis :
Rising Wedge has broken through the support line at 12-Aug-12:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 123.752.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 125.2725Last resistance turning point of Rising Wedge.

Support Levels
( A ) 124.074Last support turning point of Rising Wedge.


 

Tuesday, August 11, 2015

USD/CAD

Summary :
Target Level : 1.2952
Target Period : 3 days

Analysis :
Triangle has broken through the support line at 10-Aug-16:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.295.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.318Last resistance turning point of Triangle.

Support Levels
( A ) 1.3049Last support turning point of Triangle.

Tuesday, August 4, 2015

European Central Bank's

The European Central Bank's balance sheet increased last week by EUR11.4 billion, as the central bank's lending to eurozone financial institutions and its bond buys lifted the balance sheet's volume. The balance sheet, or the value of the assets on the ECB's books, now sits at EUR2.54 trillion. The ECB's purchases of EUR60 billion in mostly government bonds per month between March of this year and Sept. 2016 should bring the size of the balance sheet above EUR3 trillion.

Monday, August 3, 2015

AUD/USD Chart

Summary :
Target Level : 0.7394
Target Period : 3 days

Analysis :
Falling Wedge has broken through the resistance line at 31-Jul-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.739.

Resistance Levels :
( B ) 0.7345Last resistance turning point of Falling Wedge.

Support Levels
( A ) 0.7235Last support turning point of Falling Wedge.


 

Tuesday, July 28, 2015

Chart EUR/USD

Summary :
Target Level : 1.0929
Target Period : 2 days

Analysis :
Channel Up identified at 28-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.093 within the next 2 days.

Resistance Levels :
( B ) 1.113Last resistance turning point of Channel Up.

Support Levels
( A ) 1.0929Last support turning point of Channel Up.

Thursday, July 23, 2015

USD/CHF Forex Chart

Summary :
Target Level : 0.9562
Target Period : 3 days

Analysis :
Triangle identified at 23-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.956 within the next 3 days.

Resistance Levels :
( B ) 0.9632Last resistance turning point of Triangle.

Support Levels
( A ) 0.9562Last support turning point of Triangle.

 

dollar crawled off one-week lows

The dollar crawled off one-week lows against the yen in early trading on Thursday, while the New Zealand dollar rallied after the central bank there made a smaller cut to interest rates than some had expected.
The kiwi dollar climbed to a peak of $0.6654, from $0.6570 before the central bank rate policy decision, and was last up 0.8 percent on the day at $0.6629, moving away from a six-year low of $0.6498 plumbed on July 14.
The Reserve Bank of New Zealand (RBNZ) trimmed rates by 25 basis points, while some investors had expected a more aggressive 50-basis-point cut to counter growing economic headwinds.

Wednesday, July 22, 2015

stock market

Why does the stock market go up and down? Theses fluctuations occur partly because companies make money, or lose money, but it is much more involved than that. A stock is only worth what someone will pay for it. Usually, if a company makes a lot of money, its value rises, because people are willing to pay more for a company's stock if the company is doing well. There are many other factors that affect the value of stocks. One example is interest rates, or the amount of money you have to pay a bank to loan money, or how much it has to pay you to keep your money in their bank. If interest rates are high, stock prices generally go down.

Tuesday, July 21, 2015

EUR/USD

Despite the improvement today, market sentiment for the pair remains quite bearish. What we could potentially be seeing is the early stages of a consolidation or correction in the pair. Given that the pair spent most of the last week on the decline, it would not be surprising if it was the latter.
A look at the weekly chart would support this view with last week’s candle  a marabuzo  being very bearish. It’s worth noting that this can often be followed by a small move in the opposite direction despite it being so. The key test comes around the marabuzo line   the mid-point of the candle  as this holding is seen as being a bearish confirmation signal.
The first level of resistance for the pair comes around 1.0907, Friday’s high which also roughly coincides with 7 July lows. The rejection at this level on Friday could have been seen as confirmation of the ongoing sell-off, but the lack of momentum and failure to break through the 1.0820 support suggests otherwise.
 

Thursday, July 16, 2015

Canadian dollars

Foreign investors sold a net 5.45 billion Canadian dollars ($4.22 billion) in Canadian securities in May, Statistics Canada said Thursday. Meanwhile, Canadians acquired a net C$5.58 billion in foreign securities, targeting foreign equities and U.S. debt instruments.
Ovearll, the transactions in May resulted in a net outflow of funds of C$11.03 billion from Canada.
The monthly international securities transaction report offers a gauge on foreign market sentiment toward the Canadian economy, and Canadian investors' take on global prospects. The outlook for Canada has dampened considerably on a pullback in commodity prices, and a failure by non-resource exports to pick up steam and offset a decline in the price of crude, the country's top export. The Bank of Canada cut its benchmark rate on Wednesday by 25 basis points to 0.50%, and downgraded its Canadian growth forecast for 2015 to 1.1% from its previous 1.9% call.

Monday, July 6, 2015

Many stocks will trade in a range

Don't spend time on bad trades it happens to all traders you will lose money from time to time.You need to accept it and move on to the next trade and remember there are not always trades to take so don't make trades out of boredum. You cannot save a bad trade so do not add to it thinking it will go back up this is a mistake let it stop out and move on. All this does is raise your stress levels and waiste your trading capital.
Another way to reduce stress is to make sure you have a excellent trading platform. You need to have level II and be able to read charts. Do not spend time trying to trade blind and not knowing when to trade this is a sure way to lose money and many new traders will do this. Learn whne to trade by watch the volumn start to come into the trade ,watching the last sale in the level II is a great way to know when the buyers are entering a trade.
Many stocks will trade in a range traders should realize this and watch for volumn to come in at the support area on the charts.Remember no trade setup is perfect but if you have done your research to the supports area them a majority of the time you will make a profitable trade. Do not get gready take your profits and move to the next trade. All the big trading brokers offer free programs and live demo's on how to use their trading platforms. You should take advantage of this since its a great way to learn how to trade which in turn will reduce your stress and make you more profitable in trading the markets.

Saturday, July 4, 2015

To be successful traders

Most of you may have read trading books that state that increasing volume is good for the continuation of the trend. While this is true, there becomes a point of saturation where the markets cannot sustain the trend and start to reverse. Think of what makes prices rise.  There has to be a buyer and a seller for every transaction. However when there are many buyers chasing a limited amount of supply due to a limited number of sellers, prices will rise as the buyers outbid each other to buy the shares. To be successful traders, you must look for the highest probability entries at demand and supply. Many times our trades will be confirmed immediately after we enter with large candles and professionals entering. We can help to time our exit at our target demand or supply when we see large candles signaling the amateurs’ entrance into the trend.