Monday, March 7, 2016

USD/JPY Chart

Summary : Target Level : 113.1215
Target Period :
2 days

Analysis :
Triangle identified at 07-Mar-03:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 113.122 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 114.259Last resistance turning point of Triangle.

Support Levels
( A ) 113.1215Last support turning point of Triangle.

 

Thursday, March 3, 2016

EUR/JPY

Summary : Target Level : 124.36
Target Period :
2 days

Analysis :
Triangle identified at 03-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 124.36 within the next 2 days.

Resistance Levels :
( B ) 124.36Last resistance turning point of Triangle.

Support Levels
( A ) 123.1535Last support turning point of Triangle.

 

Wednesday, March 2, 2016

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Tuesday, March 1, 2016

EUR/JPY

Summary : Target Level : 125.0135
Target Period :
2 days

Analysis :
Channel Down identified at 01-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 125.014 within the next 2 days.

Resistance Levels :
( B ) 125.0135Last resistance turning point of Channel Down.

Support Levels
( A ) 122.0815Last support turning point of Channel Down.

 

Monday, February 29, 2016

GBP/USD Chart

Summary : Target Level : 1.4043
Target Period :
2 days

Analysis :
Falling Wedge identified at 29-Feb-05:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.404 within the next 2 days.

Resistance Levels :
( B ) 1.4043Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.3842Last support turning point of Falling Wedge.

 

Saturday, February 27, 2016

Volume is important

Volume is important when trading any of the different markets. Stock prices can only move up when buyers become aggressive and raise bids to chase diminishing supply. Prices drop when traders or sellers are desperate to get sell a stock and drop their prices to bring in scarce buyers. Often in a breakout, the price moves above when a prior buying area that has already been weakened. When investors and traders see that new high being made, they jump on board and the volume spikes. This can be a problem sometimes.

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