The forex and stock market can be tough to trade but when they are range bound you need to be careful or you can lose all your money. Range bound markets trade within a certain price and chop between those prices.They need to know the there is a differece between trading markets and trending markets to make less risky trades. Trading markets are range bound, with allot of chop on the candle stick charts, with low volume. Trending stock or forex markets are not chopping, when they stay with the trend,and will have good volume.
Trade range bound markets
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Friday, May 29, 2015
Thursday, May 28, 2015
Forex EUR/USD
Summary : Target Level : 1.1208Target Period : 3 days
Analysis :
Channel Down identified at 27-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.121 within the next 3 days.
Resistance Levels :
( B ) 1.1208Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0819Last support turning point of Channel Down.
Analysis :
Channel Down identified at 27-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.121 within the next 3 days.
Resistance Levels :
( B ) 1.1208Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0819Last support turning point of Channel Down.
Wednesday, May 27, 2015
Forex USD/CHF
Summary : Target Level : 0.9287Target Period : 3 days
Analysis :
Channel Up identified at 27-May-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.929 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.954Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9287Last support turning point of Channel Up.
Analysis :
Channel Up identified at 27-May-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.929 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.954Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9287Last support turning point of Channel Up.
Wednesday, May 20, 2015
EUR/CHF
Summary : Target Level : 1.0356Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 19-May-08:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.036.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.0506Last resistance turning point of Channel Up.
Support Levels
( A ) 1.0384Last support turning point of Channel Up.
Analysis :
Channel Up has broken through the support line at 19-May-08:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.036.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.0506Last resistance turning point of Channel Up.
Support Levels
( A ) 1.0384Last support turning point of Channel Up.
Monday, May 18, 2015
Forex USD/CHF
Summary : Target Level : 0.9079Target Period : 3 days
Analysis :
Descending Triangle identified at 15-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.908 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.9256Last resistance turning point of Descending Triangle.
Support Levels
( A ) 0.9079Last support turning point of Descending Triangle.
Analysis :
Descending Triangle identified at 15-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.908 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.9256Last resistance turning point of Descending Triangle.
Support Levels
( A ) 0.9079Last support turning point of Descending Triangle.
Friday, May 15, 2015
USD/JPY Chart
Summary : Target Level : 120.2795Target Period : 3 days
Analysis :
Channel Down identified at 14-May-16:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 120.28 within the next 3 days.
Resistance Levels :
( B ) 120.2795Last resistance turning point of Channel Down.
Support Levels
( A ) 118.89Last support turning point of Channel Down.
Analysis :
Channel Down identified at 14-May-16:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 120.28 within the next 3 days.
Resistance Levels :
( B ) 120.2795Last resistance turning point of Channel Down.
Support Levels
( A ) 118.89Last support turning point of Channel Down.
Wednesday, May 13, 2015
FX Chart USD/JPY
Summary : Target Level : 119.057Target Period : 3 days
Analysis :
Triangle identified at 12-May-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.057 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 120.2795Last resistance turning point of Triangle.
Analysis :
Triangle identified at 12-May-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.057 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 120.2795Last resistance turning point of Triangle.
Support Levels ( A ) 119.057Last support turning point of Triangle.
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