| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Channel Down identified at 05-Feb-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2190 within the next 2 days. Supported by Upward sloping Moving Average |
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.
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Channel Down identified at 05-Feb-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2190 within the next 2 days. Supported by Upward sloping Moving Average |
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Falling Wedge identified at 08-Feb-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8739 within the next 3 days. Supported by Downward sloping Moving Average |
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Rising Wedge has broken through the support line at 08-Feb-16:00. Possible bearish price movement forecast for the next 2 days towards 82.2358. |
FOREX trading boasts a 24-hour market, giving traders the chance to take advantage of profitable market conditions anytime. Secondly, the FOREX market is the most liquid market in the world. FOREX traders can enter or exit the market whenever they want, during almost any market condition. There also exist minimal execution barriers or risk and no daily trading limits. For all the advantages of the FOREX market, one glaring weakness emerges.
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Falling Wedge identified at 03-Feb-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8884 within the next 2 days. |