Tuesday, July 28, 2015


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


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.