AUD /USD FX chart

Summary : Target Level : 0.8031Target Period : 3 days
Analysis :
Triangle identified at 11-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.803 within the next 3 days.
Resistance Levels :
( B ) 0.8031Last resistance turning point of Triangle.
Support Levels ( A ) 0.7876Last support turning point of Triangle.

 

 

 

support and resistance levels

Most times when the trend will reverse is at support and resistance levels.
These two trends alone shape the charts and if supply is greater than demand, then trends will fall, down trending if demand is greater, then trends will start moving up and forming an uptrend. The fewer transactions, the lower the volume. This will create a consolidation pattern and small candles the larger the supply and demand or more buyers and sellers at a certain price level, the larger the candles on the charts. learning to recognize how the trend is moving will make you more money in stock and forex trading.

Forex GBP/USD

Summary : Target Level : 1.509Target Period : 3 days
Analysis :
Descending Triangle identified at 07-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.509 within the next 3 days.
Resistance Levels :
( B ) 1.5291Last resistance turning point of Descending Triangle.
Support Levels
( A ) 1.509Last support turning point of Descending Triangle.

 

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Chart EUR/CHF

Summary : Target Level : 1.048Target Period : 2 days
Analysis :
Channel Down identified at 06-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.048 within the next 2 days.
Resistance Levels :
( B ) 1.048Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0347Last support turning point of Channel Down.

 

Penny Stocks for Beginners

 Penny stocks can be risky. If anyone tells you otherwise they’re lying to you. The key
 to successful investing is to manage your risk. Don’t take your friend’s hot tips or
 anyone’s claims of “100% winners”. Always do your research, and ask lots of
 questions. And please, ignore the idiots who post messages on internet chat rooms and message boards. They can say anything they want. They can make up information and sound very convincing. You never know who they are. You have no way of knowing what their true motives are. We’ve found that most of what you find on these boards is garbage, but if you look hard enough, you can useful bits of information here and there.

Mastering Penny Stocks

Bank of Russia

The Bank of Russia will continue cutting the key rate this year, bringing it to 9% by the end of 2015, Danske Bank says. Monetary easing, including Thursday's 150 bps cut, will be positive for the economy and financial markets. "However, the easing effect will not be seen in the real economy until 2016 at the earliest even if we do not see geopolitical woes coming into the main picture," Danske says. The ruble is set to weaken moderately in the long run as the market prices in further rate cuts. Danske sees the dollar rising to 61 rubles in the short term from around 52 on Thursday.