Tuesday, June 20, 2017

Trading traps in the stock markets Supply and Demand

The next and most important point is that often times right above or below these new highs and lows are supply and demand levels which act as repellants to those new buyers or sellers.  If you look closely inside those larger time frame candles you will discover those pockets of buy and sell orders just waiting to get filled. This saying references the notion that when the market looks very good, this is usually when it blows up.  This is not limited to going long; shorts also find huge reversals to the upside just when the market looks as though it’s ready to fall off  and head down. You will see this time and again as the markets are full of traps that the unsuspecting new trader is prone to falling prey to. The cycles will be more stable on longer term charts, but knowing the cycle can assist you in your trading.  If you see price approaching a supply or demand level but the cycle is not indicating a top or bottom, the level may have a higher probability of breaking.  But if the cycle top or bottom is near, the levels are more likely to hold.

Tuesday, May 23, 2017

EUR/USD

Summary : Target Level : 1.1076
Target Period :
2 days

Analysis :
Channel Up identified at 23-May-00:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1076 within the next 2 days.

Resistance Levels :
( B ) 1.1264Last resistance turning point of Channel Up.

Support Levels
( A ) 1.1076Last support turning point of Channel Up.


Chart date range :
10-May-06:00 GMT-> 23-May-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Monday, May 22, 2017

VIX Trading

The VIX is related to the S&P 500 if the 500 drops sharply the Vix futures tends to go up. Most of the time the same is true if the S&P 500 is going up the VIX futures tend to go down.  This is not always the case but more often then not this holds true. VIX futures have been offered on the CBOE Futures Exchange since 2004. Since the Chicago Board. Options Exchange (CBOE) introduced futures and, subsequently, options on its Volatility Index, or VIX. At a quoted price of $12.1, one VIX futures contract is worth $12,100. Settlement. CBOE VIX futures are cash-settled and so, unlike futures on commodities. The VIX futures are very different from other index futures in that there prices are determined by a cost of carry but rather the market anticipation of the thirty day overall implied volatility of the SPX options will be at the VIX futures expiration. Many time traders will see the VIX futures trading above the VIX index other times it will be below.
 
  This can be an indication of the market's fear or complacency about the overall market action in the months ahead. Traders need to be aware if they trade the VIX futures that it does not always move in the same direction as the VIX index. Yhe VIX fitures will move close to the S&P 500 futures cash index. VIX is traded on the CBOE futures exchange and one point is worth one thousand dollars and the mini tick is worth .05 or fifty dollars. Vix futures are related to the S&P 500 because of the vix index itself is based on the SPX option prices.

  They are also used to value options on the vix index even though those are cash settled. The VIX futures and VIX are settled on the same day. The Wednesday that is thirty days prior to the third Friday of the calendar month. One thing is for sure a trader needs to learn how to trade this type of index or he will quickly wipe out their trading account. At most brokerages you have to apply to trade this type of index. This type of futures trading is very speculative and is not for all investors. Traders need to learn how to do this type of trading

Tuesday, May 16, 2017

CAD/JPY

Summary : Target Level : 83.739
Target Period :
2 days

Analysis :
Channel Up identified at 15-May-08:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 83.7390 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 83.739Last resistance turning point of Channel Up.

Support Levels
( A ) 82.5475Last support turning point of Channel Up.


Chart date range :
26-Apr-08:00 GMT-> 16-May-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Thursday, May 11, 2017

GBP/USD Chart

Summary : Target Level : 1.2988
Target Period :
2 days

Analysis :
Ascending Triangle identified at 11-May-04:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2988 within the next 2 days.

Resistance Levels :
( B ) 1.2988Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.2927Last support turning point of Ascending Triangle.


Chart date range :
02-May-10:00 GMT-> 11-May-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Wednesday, May 3, 2017

GBP/USD Chart

Summary : Target Level : 1.2965
Target Period :
3 days

Analysis :
Rising Wedge identified at 02-May-16:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2965 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.2965Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.2865Last support turning point of Rising Wedge.


Chart date range :
10-Apr-08:00 GMT-> 03-May-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, April 17, 2017

EUR/USD

Summary : Target Level : 1.0678
Target Period :
3 days

Analysis :
Triangle identified at 17-Apr-04:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0678 within the next 3 days.

Resistance Levels :
( B ) 1.0678Last resistance turning point of Triangle.

Support Levels
( A ) 1.0603Last support turning point of Triangle.


Chart date range :
28-Mar-04:00 GMT-> 17-Apr-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, April 12, 2017

EUR/USD Chart

Summary : Target Level : 1.0717
Target Period :
3 days

Analysis :
Falling Wedge has broken through the resistance line at 11-Apr-12:00 2017 GMT. Possible bullish price movement forecast for the next 3 days towards 1.0717.

Resistance Levels :
( B ) 1.0667Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.057Last support turning point of Falling Wedge.


Chart date range :
17-Mar-08:00 GMT-> 12-Apr-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Thursday, April 6, 2017

GBP/USD Chart

Summary : Target Level : 1.2554
Target Period :
2 days

Analysis :
Triangle identified at 05-Apr-12:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2554 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.2554Last resistance turning point of Triangle.

Support Levels
( A ) 1.2423Last support turning point of Triangle.


Chart date range :
17-Mar-16:00 GMT-> 06-Apr-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, March 27, 2017

EUR/JPY

Summary : Target Level : 119.327
Target Period :
2 days

Analysis :
Channel Down identified at 27-Mar-04:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.3270 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 120.26Last resistance turning point of Channel Down.

Support Levels
( A ) 119.327Last support turning point of Channel Down.


Chart date range :
10-Mar-05:00 GMT-> 27-Mar-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, March 22, 2017

EUR/CHF Chart

Summary : Target Level : 1.0684
Target Period :
3 days

Analysis :
Descending Triangle identified at 22-Mar-04:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0684 within the next 3 days.

Resistance Levels :
( B ) 1.0761Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.0684Last support turning point of Descending Triangle.


Chart date range :
01-Mar-13:00 GMT-> 22-Mar-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Tuesday, March 21, 2017

EUR/JPY

Summary : Target Level : 122.253
Target Period :
2 days

Analysis :
Channel Down identified at 21-Mar-04:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 122.2530 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 122.253Last resistance turning point of Channel Down.

Support Levels
( A ) 120.8215Last support turning point of Channel Down.


Chart date range :
09-Mar-11:00 GMT-> 21-Mar-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Monday, March 20, 2017

USD/CAD Chart

Summary : Target Level : 1.3277
Target Period :
2 days

Analysis :
Falling Wedge identified at 20-Mar-04:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3277 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.3356Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.3277Last support turning point of Falling Wedge.


Chart date range :
02-Mar-17:00 GMT-> 20-Mar-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, March 15, 2017

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EUR/USD remains under pressure

EUR/USD remains under pressure, as the pair has dropped closed to the 1.06 line. Currently, the pair is trading at 1.0630. On the release front, Eurozone Employment Change edged up to 0.3%, above the forecast of 0.2%. In the US, it’s a busy day. Retail sales and CPI indicators are expected to soften in February. Today’s highlight is the Federal Reserve policy meeting, with the central bank widely expected to raise the benchmark rate a quarter-point, from 0.50% to 0.75%. On Thursday, the eurozone releases Final CPI, while the US publishes a host of key indicators, led by unemployment claims.

USD/CAD is almost unchanged in the Wednesday session

USD/CAD is almost unchanged in the Wednesday session. Currently, the pair is trading at 1.3450. On the release front, it’s a very busy day in the US. Retail sales and CPI indicators are expected to soften in February. Today’s highlight is the Federal Reserve policy meeting, with the central bank widely expected to raise the benchmark rate a quarter-point, from 0.50% to 0.75%. There are no Canadian events on the schedule. On Thursday, the US publishes a host of key indicators, led by unemployment claims.
•USD/CAD has inched lower in the Asian and European sessions
•1.3371 is providing support
•1.3461 is fluid. Currently, it is a weak resistance line
Further levels in both directions:
•Below: 1.3371, 1.3253 and 1.3120
•Above: 1.3461, 1.3551, 1.3672 and 1.3784
•Current range: 1.3371 to 1.3461
USD/CAD ratio is showing movement towards short positions. Currently, long positions have a strong majority (66%), indicative of trader bias towards USD/CAD continuing to move higher.

Tuesday, February 28, 2017

USD/JPY has posted slight losses in the Asian

USD/JPY has posted slight losses in the Asian and European sessions
•110.94 is providing support
•112.57 has switched to a resistance role following losses by USD/JPY
•Current range: 110.94 to 112.57
Further levels in both directions:
•Below: 110.94, 109.77 and 109.18
• Above: 112.57, 113.80, 114.83 and 115.90
USD/JPY ratio has posted slight gains in short positions. Currently, long positions have a majority (60%), indicative of trader bias towards USD/JPY reversing directions and moving upwards.
USD/JPY has recorded losses in the Tuesday session, erasing the gains from Monday. Currently, USD/JPY is trading at 112.20. On the economic front, Japanese numbers were mixed. Preliminary Industrial Production declined 0.8%, well off the estimate of +0.4%. This was the first decline in 8 months. Retail Sales improved to 1.0%, edging past the forecast of 0.9%. In the US, Preliminary GDP is expected at 2.1%. As well, CB Consumer Confidence is forecast to dip to 111.3 points. As well, President Donald Trump will address a joint session of Congress.

USD/CAD edged lower in the Asian session

•USD/CAD edged lower in the Asian session and has recovered in European trade
•1.3003 is providing support
•1.3120 remains a weak resistance line
Further levels in both directions:
•Below: 1.3003, 1.2922 and 1.2815
•Above: 1.3120, 1.3253, 1.3371 and 1.3461
•Current range: 1.3003 to 1.3120
USD/CAD ratio is showing strong movement towards short positions. Currently, short positions have a majority (55%), indicative of trader bias towards USD/CAD reversing directions and moving lower.
USD/CAD has posted slight losses and is under pressure in the Tuesday session. Early in North American session, the pair is trading slightly above the 1.32 level. On the release front, Canadian RMPI, which measures manufacturing inflation, dropped to 1.7%, but this beat the estimate of 1.3%. In the US, revised GDP remained unchanged at 1.9%, shy of the forecast of 2.1%. Next is CB Consumer Confidence, which is expected to drop to 111.3 points. As well, President Donald Trump will address a joint session of Congress.

Monday, February 27, 2017

USD/JPY Chart

Summary : Target Level : 113.6565
Target Period :
3 days

Analysis :
Falling Wedge identified at 27-Feb-05:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 113.6565 within the next 3 days.

Resistance Levels :
( B ) 113.6565Last resistance turning point of Falling Wedge.

Support Levels
( A ) 111.9365Last support turning point of Falling Wedge.


Chart date range :
07-Feb-13:00 GMT-> 27-Feb-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, February 22, 2017

USD/CHF

Summary : Target Level : 0.9967
Target Period :
3 days

Analysis :
Triangle identified at 22-Feb-02:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9967 within the next 3 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 1.0106Last resistance turning point of Triangle.

Support Levels
( A ) 0.9967Last support turning point of Triangle.


Chart date range :
06-Feb-09:00 GMT-> 22-Feb-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Wednesday, February 15, 2017

EUR/JPY Chart

Summary : Target Level : 121.5149
Target Period :
3 days

Analysis :
Triangle has broken through the resistance line at 14-Feb-17:00 2017 GMT. Possible bullish price movement forecast for the next 3 days towards 121.5149.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 121.1255Last resistance turning point of Triangle.

Support Levels
( A ) 120.2185Last support turning point of Triangle.


Chart date range :
24-Jan-09:00 GMT-> 15-Feb-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, February 13, 2017

USD/CHF Chart

Summary : Target Level : 0.9937
Target Period :
2 days

Analysis :
Channel Up identified at 12-Feb-23:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9937 within the next 2 days.

Resistance Levels :
( B ) 1.0062Last resistance turning point of Channel Up.

Support Levels
( A ) 0.9937Last support turning point of Channel Up.


Chart date range :
01-Feb-16:00 GMT-> 13-Feb-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Thursday, February 9, 2017

Gold has posted losses on Thursday

Gold has posted losses on Thursday, erasing the gains seen in the Wednesday session. In North American trade, the spot price for one ounce is $1232.86. In economic news, unemployment claims dipped fell to 234 thousand, well short of the forecast of 249 thousand. On Friday, the major event in the US is UoM Consumer Sentiment,with an estimate of 97.9 points.

Wednesday, February 8, 2017

USD/CAD has reversed directions

USD/CAD has reversed directions, posting slight gains in the Wednesday session. Currently, the pair is trading at 1.3150. On the release front, Canada will release Housing Starts, which is expected to remain above the 200K level, with the estimate standing at 202 thousand. There are no major US events on the schedule. On Thursday, the US releases the weekly unemployment claims report, which is expected to rise to 249 thousand. As well, the weekly crude oil inventories report will be released. Another strong surplus is expected, with an estimate of 202 thousand.

Thursday, February 2, 2017

EUR/USD Chart

Summary : Target Level : 1.062
Target Period :
3 days

Analysis :
Channel Up identified at 01-Feb-17:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0620 within the next 3 days.

Resistance Levels :
( B ) 1.0812Last resistance turning point of Channel Up.

Support Levels
( A ) 1.062Last support turning point of Channel Up.


Chart date range :
11-Jan-09:00 GMT-> 02-Feb-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, January 30, 2017

EUR/USD posted small gains in the European session

EUR/USD posted small gains in the European session but retracted. The pair has posted slight losses in European trade
•1.0616 is providing support
• 1.0708 is fluid. Currently, it is a weak resistance line
Further levels in both directions:
•Below: 1.0616, 1.0506 and 1.0414
•Above: 1.0708, 1.0873, 1.0985 and 1.1114
•Current range: 1.0616 to 1.0708
EUR/USD ratio starts the week little changed from the Friday session. Currently, short positions have a slight majority (53%), indicative of trader bias towards EUR/USD reversing directions and moving higher.
EUR/USD has edged lower in the Monday session. Currently, the pair is trading just below the 1.07 level. On the release front, Germany releases Preliminary CPI later in the day, with the estimate standing at -0.5%. In the US, today’s key event is Pending Home Sales, with the indicator expected to rebound with a strong gain of 1.6%. On Tuesday, German releases retail sales and the Eurozone will publish GDP and CPI reports. Mario Draghi will deliver remarks at a joint conference of the ECB and European Commission. In the US, we’ll get a look at CB Consumer Confidence.

EUR/JPY Chart

Summary : Target Level : 121.135
Target Period :
3 days

Analysis :
Rising Wedge identified at 30-Jan-05:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 121.1350 within the next 3 days.

Resistance Levels :
( B ) 123.313Last resistance turning point of Rising Wedge.

Support Levels
( A ) 121.135Last support turning point of Rising Wedge.


Chart date range :
09-Jan-17:00 GMT-> 30-Jan-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Thursday, January 26, 2017

USD/JPY Chart

Summary : Target Level : 112.529
Target Period :
2 days

Analysis :
Descending Triangle identified at 26-Jan-01:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 112.5290 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 113.8835Last resistance turning point of Descending Triangle.

Support Levels
( A ) 112.529Last support turning point of Descending Triangle.


Chart date range :
10-Jan-01:00 GMT-> 26-Jan-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, January 23, 2017

ETF Securities says its exchange-traded funds that invest in gold

GMT ETF Securities says its exchange-traded funds that invest in gold attracted inflows of $65.4 million last week, the most money in 16 weeks. The company attributes the increased demand to a weaker U.S. dollar and investor appetite for assets that offer a hedge against inflation. U.S. inflation last week breached 2% for the first since 2014. At the same time, ETF reported record inflows of money into products betting against the currencies of commodity-based economies, such as Australia and Norway, citing concern about the potential for an economic slowdown in China and a reversal in oil prices.

Tuesday, January 17, 2017

GBP/USD Chart

Summary : Target Level : 1.2317
Target Period :
3 days

Analysis :
Channel Down identified at 17-Jan-05:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2317 within the next 3 days.

Resistance Levels :
( B ) 1.2317Last resistance turning point of Channel Down.

Support Levels
( A ) 1.199Last support turning point of Channel Down.


Chart date range :
27-Dec-21:00 GMT-> 17-Jan-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles