Wednesday, March 11, 2015

USD/JPY Forex Chart

Summary : Target Level : 120.8525Target Period : 14 hours
Analysis :
Triangle identified at 11-Mar-06:30 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 120.852 within the next 14 hours.

Resistance Levels :
( B ) 121.5Last resistance turning point of Triangle.

Support Levels
( A ) 120.8525Last support turning point of Triangle.

 

Monday, March 9, 2015

Traders need to manage any trades they are in

You need to stay with your technical indicators on your charts but with out staying discipline you will not make any profits.  Trading forex news can be risky it is you against the currency market so you need to be careful. The swings during news release can be brutal it is not for the new forex trader. Experienced traders have spent years developing a trading style taking in consideration price action and focusing on their technical set ups. Most of the time the big money in the markets have already factored in the news and information ahead of the news release. This is why you need to be very cautious trading the news. The best way is to watch the price action after a news release and wait for a pull back then enter the trade staying with the trend. Watch your charts and place your trade from your technical analysis.
 
How to manage trades

EUR/USD FX

Summary : Target Level : 1.1217Target Period : 3 days
Analysis :
Channel Down identified at 09-Mar-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.122 within the next 3 days.

Resistance Levels :
( B ) 1.1217Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0824Last support turning point of Channel Down.

Friday, March 6, 2015

USD/CHF FX Chart

Summary : Target Level : 0.9593Target Period : 2 days Analysis :
Channel Up identified at 06-Mar-01:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.959 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 0.9749Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9593Last support turning point of Channel Up.

Wednesday, March 4, 2015

USD/CAD Forex Chart

Summary : Target Level : 1.2566Target Period : 2 days
Analysis :
Triangle identified at 04-Mar-05:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.257 within the next 2 days.

Resistance Levels :
( B ) 1.2566Last resistance turning point of Triangle.

Support Levels ( A ) 1.2433Last support turning point of Triangle.

 

Tuesday, March 3, 2015

USD/JPY Chart

Summary : Target Level : 118.681Target Period : 3 days
Analysis :
Channel Up identified at 03-Mar-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.681 within the next 3 days.

Resistance Levels :
( B ) 120.2655Last resistance turning point of Channel Up.

Support Levels
( A ) 118.681Last support turning point of Channel Up.

Monday, March 2, 2015

USD/JPY Chart

Summary : Target Level : 119.265Target Period : 13 hours
Analysis :
Channel Up identified at 02-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.265 within the next 13 hours.

Resistance Levels :
( B ) 119.955Last resistance turning point of Channel Up.

Support Levels
( A ) 119.265Last support turning point of Channel Up.