USD/CHF Daily

USD/CHF  Daily
13::40 GMT -Earlier strength was capped near the 0.9285 target and     prices have levelled off last several hours. This is first res. while a new high should target 0.9330 next. To the downside, initial sup. is at today's low at 0.9197 then the 0.9115/45 band.  N.I.
R4: 0.9550/55  projection
R3: 0.9400/20  figure/projection
R2: 0.9330 * projection
R1: 0.9284  today high
S1: 0.9197  today low
S2: 0.9115/45  intraday level
S3: 0.9075  intraday level
S4: 0.9040 * Thurs low
S5: 0.8970/80  intraday level/Wed lo

GPB/USD

Summary : Target Level : 1.5224Target Period : 3 days
Analysis :
Inverse Head and Shoulders identified at 30-Jan-07:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.522 within the next 3 days.
Resistance Levels :
( B ) 1.5224Last resistance turning point of Inverse Head and Shoulders.
Support Levels
( A ) 1.5019Last support turning point of Inverse Head and Shoulders.

USD/JPY

Summary : Target Level : 118.4126Target Period : 16 hours
Analysis :
Falling Wedge has broken through the resistance line at 29-Jan-03:00 2015 GMT. Possible bullish price movement forecast for the next 16 hours towards 118.413.
Resistance Levels :
( B ) 118.227Last resistance turning point of Falling Wedge.
Support Levels
( A ) 117.253Last support turning point of Falling Wedge.

Candle Stick Charts Stock Forex Trading

To make money in the stock or other markets you need to keep your trading or investing techniques simple. Traders with all of the tools and indicators that are out there, the best traders keep it simple and focus on price movement itself for their buys and sells. Take price candles stick charts they give you plenty of information that can be made into profits if you know how to use them. Each candle is usually based on a period of time.  As the stock or Forex trader you are responsible for deciding what period you want to assign for your candles. A day trader may use five minute candles  every candle shows price movement for five minutes of time while a swing trader may choose a sixty minute candle. Investors want a larger perspective of price movement so they may use a weekly candle chart.

Candle Stick Charts

GBP's Weakened again today

 GBP/JPY  Daily
14::15 GMT - GBP's Weakened again today from short of 181 : market     remains held off the Nov-Dec top, filling out the wide end-Oct rally  range. We'd lean lower from here for range extension into 174.62, and a general decline into 172.00/ the 2014 range pivot. [NR]
R5: 188.15-55   9-Dec sell accel
R4: 187.75 * 29-Dec high
R3: 187.30 * 2-Jan high
R2: 181.05  early Nov-13 lows
R1: 180.92 * 8, 9-Jan highs
S1: 175.75 * 16-Jan low
S2: 175.00~   Jan & Jul tops
S3: 174.62 * 31-Oct low
S4: 172.00 * 2014 high volm
S5: 171.02   22-Oct low

trade with pivot points

A thorough trading guide from a professional trader. The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. The Complete Guide to Technical Trading Tactics outlines a variety of proven methodologies-pivot points, candlesticks, and other top indicators-so readers may use those that work best for them as well as make their own trading decisions without a second thought.

How to trade with pivot points

EUR/USD continues to lose ground on Thursday

EUR/USD continues to lose ground on Thursday, as the pair trades at the 1.17 line in the European session. The euro slipped as low as 1.1580, its lowest level since November 2003. On the release front, Eurozone Trade Balance improved to EUR 20.0B, but this was short of expectations. Later in the day, the German Bundesbank President Jens Weidmann will deliver remarks in Berlin. It’s a busy day in the US, highlighted by Unemployment Claims. We’ll also get a look at PPI and the Philly Fed Manufacturing Index.
EUR/USD was flat in the Asian session. The pair has posted losses in the European session, breaking below resistance at 1.1734 and testing support at 1.1634.
1.1734 has switched to a resistance role as the pair has dropped to lower levels.
1.1634 is an immediate support role. EUR/USD is pointing to gains in short positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro continues to post more losses. The ratio is showing a split between long and short open positions, indicative of a lack of trader bias towards where the pair is headed next.