January began with a sharp, waterfall decline in stock prices. The initial rally after the January 20 low was technically weak and quickly led to a resumed decline and a more-important bottom on February 11. Our Intermediate Term Strategic Indicator Composite of 16 "internal" (or equity-related) relationships and nine "external" (non-equity) markets has moved steadily higher since the January 20 low. Market internals have risen 1.2 sigma from -1.9 on 1/20 to -0.7 sigma. Cyclical sectors have driven the improvement, led by Consumer Cyclicals and Industrials.
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.
Tuesday, March 8, 2016
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.
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.
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
entry-level trading platform
Enter Tradersimulator USA’s most popular entry-level trading platform now available for your day trading education program.
Tradersimulator.com enables you to: Boost your income and upsell other courses as students’ progress. Earn monthly residuals as a Tradersimulator.com partner. Become the future of day trader education.We help you turn novices into expert traders. Teach like never before; and help your students make real money.
Tradersimulator.com enables you to: Boost your income and upsell other courses as students’ progress. Earn monthly residuals as a Tradersimulator.com partner. Become the future of day trader education.We help you turn novices into expert traders. Teach like never before; and help your students make real money.
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.
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.
Subscribe to:
Posts (Atom)