Forex USD/CAD Chart

Summary : Target Level : 1.2196Target Period : 3 days
Analysis :
Channel Down identified at 30-Apr-00:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.22 within the next 3 days.
Resistance Levels :
( B ) 1.2196Last resistance turning point of Channel Down.
Support Levels
( A ) 1.1945Last support turning point of Channel Down.

 

GBP/USD Chart

Summary : Target Level : 1.5107Target Period : 2 days
Analysis :
Channel Up identified at 28-Apr-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.511 within the next 2 days.
Resistance Levels :
( B ) 1.5262Last resistance turning point of Channel Up.
Support Levels
( A ) 1.5107Last support turning point of Channel Up.

 

EUR/USD FX

Summary : Target Level : 1.0624Target Period : 2 days
Analysis :
Triangle has broken through the support line at 23-Apr-01:30 2015 GMT. Possible bearish price movement forecast for the next 2 days towards 1.062.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.0801Last resistance turning point of Triangle.
Support Levels
( A ) 1.066Last support turning point of Triangle.

 

AUD/JPY Forex Chart

Summary : Target Level : 93.142Target Period : 3 days
Analysis :
Ascending Triangle identified at 21-Apr-12:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 93.142 within the next 3 days.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 93.142Last resistance turning point of Ascending Triangle.
Support Levels
( A ) 91.747Last support turning point of Ascending Triangle.

 

Chart USD/CHF

Summary : Target Level : 0.9772Target Period : 2 days
Analysis :
Channel Down identified at 20-Apr-03:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.977 within the next 2 days.
Resistance Levels :
( B ) 0.9772Last resistance turning point of Channel Down.
Support Levels
( A ) 0.9495Last support turning point of Channel Down.

 

GBP/CHF

Summary : Target Level : 1.4432Target Period : 3 days
Analysis :
Triangle identified at 13-Apr-12:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.443 within the next 3 days.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 1.4432Last resistance turning point of Triangle.

Support Levels
( A ) 1.4277Last support turning point of Triangle.

EUR/GBP Forex pair

Summary : Target Level : 0.717Target Period : 3 days
Analysis :
Descending Triangle has broken through the support line at 13-Apr-12:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 0.717.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( A ) 0.727Last resistance turning point of Descending Triangle.
Support Levels

 

Forex USD/JPY

Summary : Target Level : 121.1944Target Period : 3 days
Analysis :
Ascending Triangle has broken through the resistance line at 09-Apr-20:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 121.194.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 120.448Last resistance turning point of Ascending Triangle.
Support Levels
( A ) 119.863Last support turning point of Ascending Triangle.

 

GBP/USD Chart

Summary : Target Level : 1.4803Target Period : 2 days
Analysis :
Triangle identified at 09-Apr-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.48 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.4973Last resistance turning point of Triangle.
Support Levels
( A ) 1.4803Last support turning point of Triangle.

 

Forex EUR/USD

Summary : Target Level : 1.1036Target Period : 3 days
Analysis :
Ascending Triangle identified at 08-Apr-07:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.104 within the next 3 days.
Resistance Levels :
( B ) 1.1036Last resistance turning point of Ascending Triangle.
Support Levels
( A ) 1.0804Last support turning point of Ascending Triangle.

 

AUD/USD FX Chart

Summary : Target Level : 0.7799Target Period : 3 days
Analysis :
Triangle has broken through the resistance line at 07-Apr-05:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.78.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
Support Levels
( A ) 0.7577Last support turning point of Triangle.

 

AUD/JPY Chart

Summary : Target Level : 91.657Target Period : 2 days
Analysis :
Ascending Triangle identified at 06-Apr-06:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 91.657 within the next 2 days.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 91.657Last resistance turning point of Ascending Triangle.
Support Levels
( A ) 90.6545Last support turning point of Ascending Triangle.

 

GBP/USD Forex chart

Summary : Target Level : 1.4901Target Period : 2 days
Analysis :
Falling Wedge identified at 30-Mar-23:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.49 within the next 2 days.
Resistance Levels :
( B ) 1.4901Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.4753Last support turning point of Falling Wedge.

 

EUR/JPY chart

Summary : Target Level : 128.412Target Period : 3 days
Analysis :
Triangle identified at 24-Mar-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 128.412 within the next 3 days.
Resistance Levels :
( B ) 131.5165Last resistance turning point of Triangle.
Support Levels
( A ) 128.412Last support turning point of Triangle.

 

FX EUR/USD Chart

Summary : Target Level : 1.0613Target Period : 2 days
Analysis :
Triangle identified at 23-Mar-03:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.061 within the next 2 days.
Resistance Levels :
( B ) 1.0881Last resistance turning point of Triangle.

Support Levels
( A ) 1.0613Last support turning point of Triangle.

Housing starts slumped in February

Housing starts slumped in February by the most in four years as bad winter weather in parts of the U.S. prevented builders from initiating new projects.
Work began on 897,000 houses at an annualized rate, down 17 percent from January and the fewest in a year, the Commerce Department reported Tuesday in Washington. The median estimate of 80 economists surveyed by Bloomberg called for 1.04 million.

“It was just the weather, basically,” said Richard Moody, chief economist at Regions Financial Corp. in Birmingham, Alabama. Still, “my view of the recovery in single-family housing is that it’s coming more gradually than others think.”
An increase in building permits was driven by applications for multifamily units, indicating single-family construction, the biggest part of the market, will keep struggling. While stronger hiring and low borrowing costs have helped the industry advance, sales remain challenged by limited supply of cheaper homes and sluggish wage growth.
The median estimate of 81 economists in the Bloomberg survey called for 1.04 million starts. Estimates ranged from annualized rates of 975,000 to 1.08 million after a previously reported January pace of 1.07 million.

USD/JPY Chart

Summary : Target Level : 120.6565Target Period : 3 days
Analysis :
Triangle identified at 16-Mar-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 120.656 within the next 3 days.
Resistance Levels :
( B ) 121.569Last resistance turning point of Triangle.
Support Levels
( A ) 120.6565Last support turning point of Triangle.

 

USD/CAD Chart

Summary : Target Level : 1.2618Target Period : 2 days
Analysis :
Channel Up identified at 16-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.262 within the next 2 days.
Resistance Levels :
( B ) 1.2824Last resistance turning point of Channel Up.
Support Levels
( A ) 1.2618Last support turning point of Channel Up.

 

GBP/USD Chart

Summary : Target Level : 1.5097Target Period : 2 days
Analysis :
Channel Down identified at 12-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.51 within the next 2 days.
Resistance Levels :
( B ) 1.5097Last resistance turning point of Channel Down.
Support Levels ( A ) 1.4893Last support turning point of Channel Down.

 

USD/JPY Forex Chart

Summary : Target Level : 120.8525Target Period : 14 hours
Analysis :
Triangle identified at 11-Mar-06:30 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 120.852 within the next 14 hours.
Resistance Levels :
( B ) 121.5Last resistance turning point of Triangle.
Support Levels
( A ) 120.8525Last support turning point of Triangle.

 

Traders need to manage any trades they are in

You need to stay with your technical indicators on your charts but with out staying discipline you will not make any profits.  Trading forex news can be risky it is you against the currency market so you need to be careful. The swings during news release can be brutal it is not for the new forex trader. Experienced traders have spent years developing a trading style taking in consideration price action and focusing on their technical set ups. Most of the time the big money in the markets have already factored in the news and information ahead of the news release. This is why you need to be very cautious trading the news. The best way is to watch the price action after a news release and wait for a pull back then enter the trade staying with the trend. Watch your charts and place your trade from your technical analysis.
 

How to manage trades

EUR/USD FX

Summary : Target Level : 1.1217Target Period : 3 days
Analysis :
Channel Down identified at 09-Mar-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.122 within the next 3 days.
Resistance Levels :
( B ) 1.1217Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0824Last support turning point of Channel Down.

USD/CHF FX Chart

Summary : Target Level : 0.9593Target Period : 2 days Analysis :
Channel Up identified at 06-Mar-01:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.959 within the next 2 days.
Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 0.9749Last resistance turning point of Channel Up.Support Levels
( A ) 0.9593Last support turning point of Channel Up.

USD/CAD Forex Chart

Summary : Target Level : 1.2566Target Period : 2 days
Analysis :
Triangle identified at 04-Mar-05:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.257 within the next 2 days.
Resistance Levels :
( B ) 1.2566Last resistance turning point of Triangle.

Support Levels ( A ) 1.2433Last support turning point of Triangle.

 

USD/JPY Chart

Summary : Target Level : 118.681Target Period : 3 days
Analysis :
Channel Up identified at 03-Mar-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.681 within the next 3 days.
Resistance Levels :
( B ) 120.2655Last resistance turning point of Channel Up.

Support Levels
( A ) 118.681Last support turning point of Channel Up.

USD/JPY Chart

Summary : Target Level : 119.265Target Period : 13 hours
Analysis :
Channel Up identified at 02-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.265 within the next 13 hours.
Resistance Levels :
( B ) 119.955Last resistance turning point of Channel Up.
Support Levels
( A ) 119.265Last support turning point of Channel Up.

EUR/USD FX chart

Summary : Target Level : 1.1168Target Period : 2 days
Analysis :
Triangle has broken through the support line at 26-Feb-17:00 2015 GMT. Possible bearish price movement forecast for the next 2 days towards 1.117.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( A ) 1.138Last resistance turning point of Triangle.

USD/CHF Chart

Summary : Target Level : 0.9368Target Period : 2 days
Analysis :
Triangle identified at 24-Feb-13:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.937 within the next 2 days.
Resistance Levels :
( B ) 0.9523Last resistance turning point of Triangle.

Support Levels
( A ) 0.9368Last support turning point of Triangle.

Check your stop and profit target orders

Make sure to watch your own charts. This is where you start to look for trades to pull money out of the different markets. Depending on your trading style weather you are a day trader, swing or long term, you might be looking for trades every few minutes to every few days. This is where your core strategy is used. Marking up your charts with quality supply and demand zones to help you know where and when to make trades makes trading much easier. We are always waiting for price action to arrive at one of our zones. Check your stop and profit target orders when you make a trade. Traders always need to make sure your orders are where we think they are. It is entirely possible that you may have set up a ten pip stop, or where their is selling pressure. 

Stock Market Forex Trading Risks

USD/JPY chart

Summary : Target Level : 118.237Target Period : 3 days
Analysis :
Head and Shoulders identified at 18-Feb-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.237 within the next 3 days.
Resistance Levels :
( B ) 119.416Last resistance turning point of Head and Shoulders.

Support Levels
( A ) 118.237Last support turning point of Head and Shoulders.

Online Stock Trading

Trading properly involves eliminating bad trades and being prepared for what may come while you have your money exposed. To do this, we must gain proper perspective to price action and anticipate upcoming events or price barriers that will change the direction. News can effect a trade and new traders should not trade when news is coming out especially in the Forex markets and online stock trading. Your core strategy to work  one set in particular stood out from the rest, as it perfectly demonstrated why you always trust the charts over anything else.
Sure there are many fundamentals that we are told shape the valuations of currencies  but if you know what you are looking for you will soon come to see that the only thing that consistently moves markets is the law of supply and demand. Most of the time a support and resistance will trigger trades weather they are long or short. When institutions create large imbalances between the buy and sell orders placed in the markets, this offers us exceptionally low risk and high reward trading opportunities each and every day.

Online Stock Trading

USD/JPY chart

Summary : Target Level : 118.4645Target Period : 2 days
Analysis :
Rising Wedge identified at 12-Feb-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.464 within the next 2 days.
Supporting Indicators :
RSI above 60
Resistance Levels :
( B ) 120.4285Last resistance turning point of Rising Wedge.

Support Levels
( A ) 118.4645Last support turning point of Rising Wedge.

EUR/USD Chart

Summary : Target Level : 1.1499Target Period : 2 days
Analysis :
Channel Down identified at 09-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.15 within the next 2 days.
Resistance Levels :
( B ) 1.1499Last resistance turning point of Channel Down.

Support Levels
( A ) 1.127Last support turning point of Channel Down.

EUR/USD and GBP/USD Forex Trades

The following pair of charts are forex of both the EUR/USD and GBP/USD. You can see that at monthly charts is to help you understand where you are in the really big picture, plus to recognize if the current volatility is unusual compared to previous strong moves. They show a couple of turning points in the past, and also turned on the average true range which helps measure volatility.  As you can see, the ATR has been increasing for the past few months yet isn’t anywhere close to the highs seen a few years ago. While most believe that both pairs will continue their current trend you need to see if they continue to make a long term trade.

EUR/USD and GBP/USD

EUR/USD chart

Summary : Target Level : 1.1205Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 05-Feb-01:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.12.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.1534Last resistance turning point of Channel Up.
Support Levels
( A ) 1.1313Last support turning point of Channel Up.

Pound chart

Summary : Target Level : 1.499Target Period : 3 days
Analysis :
Triangle identified at 02-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.499 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.5084Last resistance turning point of Triangle.
Support Levels
( A ) 1.499Last support turning point of Triangle.

Swing Trading Forex Markets

 Always take note of the risks involved and what you are particularly risking in the exchanges. Always trade in reasonable sizes.  Some markets inside exchanges are able to make it possible for individuals to trade very large amounts of leverage. And so, a lot of people trade in large quantities in order to assure larger profits. However, doing this may also open up the possibility of losing money in such large quantities as well. It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your trading transactions from there.

Learn step by step how a successful forex trader makes consistent money trading trends on the forex market and how you can copy that success. The basic system was first unveiled on a public forum a few years ago and this book takes it to the next level. Put your trading on turbo with this updated version of an already profitable system. Learn how to predict when a trend will start. Discover the methods the pros use to suck the money out of the trend. Give yourself a head start against the 90% of traders who consistently lose. This book is written for every trader who is failing to make consistent money trading forex. Whether you have just started trading and want to make money from day one or you have been trading for a while but just can't seem to get the hang of it this book is for you.

Swing Trading Forex