I am currently holding a position in crude oil. I entered the trade based on the following analysis.
Currently we are sitting at 45.36 price level. Monthly chart shows the price broken out of the symmetrical triangle and currently positioned just above the rising line from December 1998 and November 2001.The exact location of that line is 44.20 thats why we had a bounce back and consolidation…Continue
Added by Jawad Aslam on January 25, 2015 at 8:30pm — No Comments
Currency Market Realignment: The New Beginning
Posted in October was an outline of the historic currency market Realignment in development, a truly rare event in currency markets because it means currency pairs undergo a structural price adjustment. Pricing adjustments are structural in currency pairs and slow in development but its never seen in USD V non USD pairs rather structural price adjustments and its historic Realignment counterpart is seen…
Added by brian twomey on January 25, 2015 at 7:13pm — No Comments
On Friday, EUR/USD finaly find the buyers at 1.1114 level after which they pushed the pair up to 1.1288, where the bears stoped them and return the pair again to 1.1207, where the pair close the previous week. EUR/USD didn’t manage to cover 38.2 fibo retracement from the ‘ECBs QE decision fall’ which was started at January 22. from 1.1637.…Continue
EURUSD: Maintains Its medium Term Weakness
EURUSD: With EUR declining strongly further the past week, further downside is likely in the days ahead..Support is seen at 1.1150 level with a cut through here opening the door for more downside towards the 1.1110 level. Further down, support lies at the 1.1050 level where a break will expose the 1.1000 level. On the upside, resistance lies at the 1.1250 level where a violation will aim at the 1.1300 level where a break will aim at the…Continue
Added by fxtech on January 25, 2015 at 4:09pm — No Comments
This post is dedicated to everyone, new traders especially. I hope we will learn much from it.
What is Stop loss in actual???Is the Stop Loss important?????Should we use it on permanent basis?????
I watched a video on you tube in which a trader shared his experience in Forex market.He said the use of stop loss is a mistake....BANG... that statement was not less than a shocker for many of the traders in the world.…Continue
Major pairs and cross-rates strength and weakness compared to 1 week ago.
Added by Ron Schelling on January 25, 2015 at 10:03am — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on January 25, 2015 at 10:02am — No Comments
The average price of a Big Mac in America in January 2015 was $4.79; in China it was only $2.77 at market exchange rates. So the "raw" Big Mac index says that the yuan was undervalued by 42% at that time.
Added by Ron Schelling on January 25, 2015 at 10:00am — No Comments
I have just a basic knowledge of Ichimoku so would welcome any comments from experienced users.
The weekly chart above shows me the following:
- Price is under the Kumo.
- Price came close to the Kumo and fell back. The Kumo is a bit thick so may not be easy to penetrate.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.
Added by Scott Barkley on January 24, 2015 at 3:00pm — No Comments
500 pips range has just been broken to the downside on Friday. 46.00$ appeared as a support for the previous whole week.
Channel formed since 18th Dec 2014 still persists and hasn't been violated yet. 20MA served as resistance at 49.00 level. On 22nd of Dec 2015 the commodity was…Continue
From 2002 the Euro entered into circulation & dropped to 0.8252 for after in 2003…Continue
Added by Tony - FXS Admin on January 24, 2015 at 5:30am — No Comments
Added by Tony - FXS Admin on January 24, 2015 at 4:02am — No Comments
USDCAD: Extends Bullish Offensive
USDCAD: With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. Its weekly RSI is bullish and…Continue
Added by fxtech on January 24, 2015 at 2:14am — No Comments
…if Euro area inflation aproach to 0,0%! In December 2014. inflation fell bellow zero, to -0,2% and in this week, Mr.Mario Draghi (ECB) ‘fire up’ the 1.1 trillion euros QE in total, ie. to buy 60 billion in sovereign bonds each month until at least September 2016 . They decided to do everything in order to boost Euro area recovery, with the main objective of weakening the euro...…Continue
Added by Mario Urlic on January 23, 2015 at 10:21pm — No Comments
If Tziparis will win, where the Euro will go?
Crude oil remained under consolidation for 1 week and that pause has just been stopped as the oil casted a low of 45.33 for the week. A down channel has been traced on the 1h chart.
The support at 46.00 ( whole week support) will be assumed to be broken perfectly if the daily close below 46 takes place.
I entered short at 47.23.…Continue
Added by Jawad Aslam on January 23, 2015 at 6:30pm — No Comments
Added by Sergeant Meowenstein on January 23, 2015 at 5:19pm — No Comments