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.