The feeling that profitable trading gives the trader is more than just the feeling of making money it’s a feeling of recognition a feeling that you’ve achieved the ultimate goal of every trader.
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.
Monday, April 4, 2016
Thursday, March 31, 2016
EUR/JPY Chart
Summary : Target Level : 125.391
Target Period : 3 days
Analysis :
Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.391 within the next 3 days.
Resistance Levels :
( B ) 127.826Last resistance turning point of Channel Up.
Support Levels
( A ) 125.391Last support turning point of Channel Up.
Target Period : 3 days
Analysis :
Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.391 within the next 3 days.
Resistance Levels :
( B ) 127.826Last resistance turning point of Channel Up.
Support Levels
( A ) 125.391Last support turning point of Channel Up.
Tuesday, March 29, 2016
EUR/USD
Summary : Target Level : 1.1158
Target Period : 3 days
Analysis :
Triangle identified at 29-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.116 within the next 3 days.
Resistance Levels :
( B ) 1.122Last resistance turning point of Triangle.
Support Levels
( A ) 1.1158Last support turning point of Triangle.
Target Period : 3 days
Analysis :
Triangle identified at 29-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.116 within the next 3 days.
Resistance Levels :
( B ) 1.122Last resistance turning point of Triangle.
Support Levels
( A ) 1.1158Last support turning point of Triangle.
Thursday, March 24, 2016
GBP/JPY Chart
Summary : Target Level : 161.5045
Target Period : 3 days
Analysis :
Falling Wedge identified at 23-Mar-12:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 161.504 within the next 3 days.
Resistance Levels :
( B ) 161.5045Last resistance turning point of Falling Wedge.
Support Levels
( A ) 158.449Last support turning point of Falling Wedge.
Target Period : 3 days
Analysis :
Falling Wedge identified at 23-Mar-12:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 161.504 within the next 3 days.
Resistance Levels :
( B ) 161.5045Last resistance turning point of Falling Wedge.
Support Levels
( A ) 158.449Last support turning point of Falling Wedge.
Monday, March 21, 2016
EUR/CHF Chart
Summary : Target Level : 1.0995
Target Period : 3 days
Analysis :
Channel Down identified at 21-Mar-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1 within the next 3 days.
Resistance Levels :
( B ) 1.0995Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0905Last support turning point of Channel Down.
Target Period : 3 days
Analysis :
Channel Down identified at 21-Mar-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1 within the next 3 days.
Resistance Levels :
( B ) 1.0995Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0905Last support turning point of Channel Down.
Thursday, March 17, 2016
EUR/JPY Chart
Summary : Target Level : 124.3302
Target Period : 2 days
Analysis :
Triangle has broken through the support line at 17-Mar-05:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 124.33.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 126.6225Last resistance turning point of Triangle.
Support Levels
( A ) 125.0975Last support turning point of Triangle.
Target Period : 2 days
Analysis :
Triangle has broken through the support line at 17-Mar-05:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 124.33.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 126.6225Last resistance turning point of Triangle.
Support Levels
( A ) 125.0975Last support turning point of Triangle.
Wednesday, March 16, 2016
USD/CAD
Summary : Target Level : 1.3424
Target Period : 2 days
Analysis :
Channel Down has broken through the resistance line at 15-Mar-08:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 1.342.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 1.3398Last resistance turning point of Channel Down.
Support Levels
( A ) 1.3168Last support turning point of Channel Down.
Target Period : 2 days
Analysis :
Channel Down has broken through the resistance line at 15-Mar-08:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 1.342.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 1.3398Last resistance turning point of Channel Down.
Support Levels
( A ) 1.3168Last support turning point of Channel Down.
Subscribe to:
Posts (Atom)