MT4 Chart Application

Trader on Chart won't make you money on it's own, so don't be confused, but if you are opening trades manually and use Metatrader 4 platform the Trader On Chart will be like a gulp of fresh air for you.
Imagine you want to open a buy trade, risk 5% of available funds, have a stop loss of sixty five pips and a take profit of ninety five pips? All you have to do is fill in those numbers and just click the green button. Or maybe you want to risk a specific amount of money and set the stop loss at the last closed price bar's lowest price? The app can do this too.
You know it's hard to survive a night in the woods without the matches. Sure you can rub two wooden sticks to start a fire, but if you have matches it takes only few seconds. This is why it is important to have trading tools and use them every day as much as you can. Stop doing the work that apps can do for you and use that energy for currency analysis or other important jobs which will take you another step closer to your big goal, your big dream, your purpose in life.

Trader on Chart app for MT4!

The Australian dollar,,Japanese yen

The Australian dollar briefly dipped below the 90 level on Tuesday, as AUD/USD dropped to its lowest level since March. Late in the European session, the pair is trading in the mid-0.90 range. On the release front, the RBA minutes stated that interest rates would remain at current levels and that the Australian dollar was overvalued. In the US, inflation numbers remain soft, as PPI came in at 0.0% last month.
The RBA minutes contained no surprises, as the minutes focused on interest rate levels and the value of the Australian dollar. The RBA said that rate levels would remain unchanged and took a swipe at the Aussie, noting that the exchange rate remains “above most estimates of its fundamental value.” There was further pressure on the currency as RBA Assistant Governor Christopher Kent said on Tuesday that a decline in the Australian dollar would increase demand for local producers. Perhaps the RBA policymakers are in a better mood this week, following the Aussie’s losses of over 300 points against the US dollar.

The Japanese yen remains practically unchanged this week, as USD/JPY trades just above the 107 line. On the release front, US inflation numbers remain soft, as PPI came in at 0.0% last month. In Japan, BoJ Governor Haruhiko Kuroda spoke at a press conference in Osaka.
US inflation indicators remain soft, as underscored by weak manufacturing inflation numbers in August. PPI, a key event, dipped to just 0.0%, a 3-month low. The estimate stood at 0.1%. Core PPI slipped to 0.1%, down from 0.2% a month earlier. This matched the forecast. We’ll get a look at consumer inflation numbers on Wednesday, with the release of Core CPI and CPI.

Gold prices are steady

Gold prices are steady on Monday, as the spot price stands at $1233.77 per ounce in the European session. The metal had an awful week, shedding about 3% against the surging US dollar. In economic news, there are no major US releases on Monday. The week started out on a positive note, as Empire State Manufacturing Index jumped to 27.5 points, well above expectations.
US numbers wrapped up last week on a high note. Core Retail Sales improved to 0.3%, edging above the estimate of 0.2%. Retail Sales posted a nice gain of 0.6%, well above the estimate of 0.3%. There was excellent news from the UoM Consumer Sentiment, which bounced back from a weak reading in July and improved to 84.6 points, its best showing since November 2012. The forecast stood at 83.2 points. These indicators point to an increase in consumer confidence and spending, which underscore a deepening economic recovery.

Trends in Forex and Stock Trading

Traders are using two simple moving averages on the chart of the S&P 500 Index. This helps to determine the trend even though it is delayed.
The main thing to remember is that this is not a timing technique. It is only to help traders see how strong or weak the current trend is and when an trader may want to move their money into safety or be more aggressive and add to their positions.  Moving averages are a trend following technical analysis tool.  They are created by averaging past closing prices. Thus we are using past prices, we are seeing what the trend was, not necessarily will be however it is a good indicator if the trend will continue.
To use this particular trading technique, lets look at a weekly chart of the S&P 500 Index.  It has both a forty week simple moving average (SMA) and an eighty week SMA on the chart.  If the market is bullish, price should be above the 40 SMA.  The 40 week SMA should also be higher than the 80 week SMA.  A bear market is signaled when the 40 week SMA finally crosses below the 80 week SMA.  When this happens, the forex or stock markets usually move down quickly and for an extended period of time.  A trader should look to trade those securities that thrive in bearish markets when this crossover occurs.  They can sell futures, buy puts, or even invest in inverse ETF’s.You should also keep in mind that this technical analysis technique is not a perfect science.  Nothing is perfect when trading but this can help you make winning trades.

Trends in Forex and Stock Trading

USD/JPY

The Japanese yen continues to slide, as USD/JPY pushed above the 107 on Thursday. This marks the pair’s highest level since September 2008. In economic news, US Unemployment Claims rose to 315 thousand, well above the estimate. There are no Japanese releases on Thursday.
US employment numbers continue to raise concern. Last week’s Unemployment Claims rose to 315 thousand, the largest number of claims in 10 weeks. The reading was much higher than the estimate of 306 thousand. This follows soft numbers from JOLTS Job Openings and a dismal Nonfarm Payrolls last week. The troubling job numbers are unlikely to affect the Fed’s plan to trim QE next week, but a weak labor market could postpone plans to raise interest rates by mid-2015.
Over in Japan, after some disappointing manufacturing indicators earlier this week, the BSI Manufacturing Index provided some sorely needed positive news. The index bounced back from a reading of -13.9 points in Q1, rising to 12.7 points in Q2. This surprised the markets, which had expected the indicator to fall to -10.3 points. With zero separating contraction from expansion, the indicator points to surprisingly strong optimism from large Japanese manufacturers. Earlier in the week, Core Machinery Orders came in at 3.5%, sharply down from 8.8% in the previous release. This followed a weak reading from Tertiary Industry Activity, which posted a flat reading of 0.0%.

CAD News

TORONTO--The Canadian dollar was slightly lower early Wednesday, maintaining a range-bound trade after a quiet overnight session while second-tier domestic data failed to budge the loonie.
The U.S. dollar was recently at C$1.0989 early Wednesday, from C$1.0983 late Tuesday, according to data provider CQG.
The greenback was broadly higher to start the North American trading session, moving higher against the loonie, Australian dollar and yen. The only notable data point traders focused on during the overnight session was a disappointing release of Japan's Producer Price Index in August and falling consumer confidence in Australia.
In Canada, the loonie failed to react to data that showed the Canadian capacity utilization rate increased to 82.7% in the second quarter from a downwardly revised 82.1% in the prior quarter, but was below expectations of a 82.9% increase.

EUR/JPY Daily Japanese yen

 EUR/JPY   Daily
13::30 GMT - Mon.'s run up topped in the pm. but that high has now beenexceeded as 137 is pressed- the EUR's now about half way back through last week's decline but a consolidation above 136.50 will keep the EUR bullish for later pm./ Wed.

The Japanese yen continues to shrink, as USD/JPY trades just above the 106 line in Tuesday’s European session. The last time the pair was at these levels was in October 2008. Japanese Tertiary Industry Activity continued to sputter, posting a flat reading of 0.0%. The BoJ minutes stated that policymakers were concerned with inflation levels. On Tuesday, we’ll get a look at Japanese Core Machinery Orders, an important manufacturing indicator. In the US, today’s highlight is JOLTS Jobs Openings. The employment indicator has improved over three consecutive releases, and the upward swing is expected to continue, with an estimate of 4.72M.
The BoJ minutes did not contain any surprises, coming on the heels of a policy meeting in which the BoJ unanimously decided to maintain its current monetary policy. Policy makers stated that inflation levels should be carefully assessed as to whether inflation will reach the 2% target in 2015. On an optimistic note, the minutes stated that economic growth and inflation were in line with forecasts.