Monday, November 9, 2015

EUR/USD Chart

Summary : Target Level : 1.0885
Target Period :
2 days
Analysis :
Channel Down identified at 09-Nov-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.088 within the next 2 days.

Resistance Levels :
( B ) 1.0885Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0707Last support turning point of Channel Down.


 

Wednesday, November 4, 2015

GBP/USD Chart

Summary : Target Level : 1.5498
Target Period :
3 days
Analysis :
Ascending Triangle identified at 04-Nov-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.55 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.5498Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.536Last support turning point of Ascending Triangle.


 

Tuesday, November 3, 2015

Forex USD/JPY

Summary : Target Level : 121.486
Target Period :
3 days
Analysis :
Ascending Triangle identified at 02-Nov-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 121.486 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 121.486Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 120.258Last support turning point of Ascending Triangle.

 

Saturday, October 31, 2015

paper trading

The beauty of paper trading is that you get to test your ideas without risking real dollars. Learn from your mistakes at no cost. At the same time, follow these paper trades as if your real hardearned dollars were at risk  which should teach you how to monitor open positions . There’s an emotional and psychological element to trading that causes human beings to react differently when we feel something important  money  is on the line, versus how we trade when we feel no such pressures. Please take the simulation seriously, as it is a core element in the flow of this program.You will very quickly understand that call options can give you the right to buy a stock at a specified price for a specified period of time, and that put options gave you the right to sell rather than to buy a stock.

Tuesday, October 27, 2015

USD/JPY

Summary : Target Level : 119.626
Target Period :
3 days
Analysis :
Channel Up identified at 27-Oct-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.626 within the next 3 days.

Resistance Levels :
( B ) 121.47Last resistance turning point of Channel Up.

Support Levels
( A ) 119.626Last support turning point of Channel Up.

 

Thursday, October 22, 2015

USD/CHF

Summary : Target Level : 0.9635
Target Period :
3 days
Analysis :
Triangle has broken through the resistance line at 20-Oct-20:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.964.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
Support Levels
( A ) 0.9494Last support turning point of Triangle.


 

Wednesday, October 21, 2015

GBP/JPY Chart

Summary : Target Level : 182.77
Target Period :
2 days
Analysis :
Channel Up identified at 21-Oct-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 182.77 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 185.5995Last resistance turning point of Channel Up.

Support Levels
( A ) 182.77Last support turning point of Channel Up.