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Do Technical Indicators Still Work?

Sep 07 2013 @ 03:52
“Trading rarely takes as much time as you think it will when you get started. Once you’ve nailed the concepts, the actual time it takes to trade is actually measured in minutes, rather than hours.” – Louise Bedford This topic is now a bone of contention among traders. Some say that indicators only confirm what […]
 

USDX Daily Analysis for September 06, 2013

Sep 06 2013 @ 07:28
Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we must consider the USDX could make a bearish rebound at current levels, because that level of 82.51 is very strong. The […]
 

GBPUSD Daily Analysis for September 06, 2013

Sep 06 2013 @ 07:26
Daily chart: The GBPUSD made a bearish rebound in the level of 1.5642, after having encountered strong resistance at that level due to the bullish momentum that had this pair for yesterday. However, this can be the formation of a lower high pattern, so that the GBPUSD continue to rise and eventually break the resistance […]
 

USDX Daily Analysis for September 05, 2013

Sep 05 2013 @ 07:24
Daily chart: The USDX has a slight bearish rebound near the resistance level of 82.51. It is very likely that the USDX start forming a lower high pattern, to continue rising. If the USDX manages to break that level, it is expected to go up to the resistance at the 83.22 level. Furthermore, if the […]
 

GBPUSD Daily Analysis for September 05, 2013

Sep 05 2013 @ 07:20
Daily chart: In yesterday’s session, the GBPUSD made a strong bullish movement and now this pair is trying to break the resistance level at 1.5642. If successful, it is expected to rise to the level of 1.5746. We should note that this resistance is very strong and weeks ago, the pair tried to break this […]
 

AFC Energy Shares to Nosedive

Sep 04 2013 @ 01:40
AFC Energy shares (LSE:AFC) may go further south, based on the price action which is currently on the chart. The market was turbulent in July 2013 and it traded downwards in August 2013. This outlook is expected to continue. Further bullish attempts were rejected in July, and since then the price has broken the lower […]
 

Quadrise Fuels International: Stock to Rise

Sep 04 2013 @ 01:28
Quadrise Fuels stock (LSE:QFI) is a bull market and it can continue to rise as sellers stand in their own way due to overcautiuosness caused by repressed fear. On the chart, the 4 EMAs used are EMA 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left […]
 

USDX Daily Analysis for September 03, 2013

Sep 03 2013 @ 07:27
Daily chart: The USDX remains strong on a bullish trend, because this is consolidating above the 200 day moving average and the latter have been bullish candlesticks. It is likely that during this week, the USDX achieved up to resistance at the 82.51 level. Recall that this level is very strong and could slow the […]
 

GBPUSD Daily Analysis for September 03, 2013

Sep 03 2013 @ 07:05
Daily chart: This pair has made a successful bullish rebound on the support at the level of 1.5506. It is very likely that this is the formation of a higher low pattern, so that it continues to drop. If the GBPUSD manages to break this support, it is expected to fall to the level of […]
 

Daily Trading Forecasts for September 3, 2013

Sep 03 2013 @ 03:10
Yesterday, the markets opened with gaps, which are visible on hourly charts. Since then the JPY pairs have trended northwards, indicating a bullish outlook. Generally, there would be great volatility in the markets. EURUSD: In a vivid Bearish Confirmation Pattern, this pair has been trending downwards, following further weakness in the market. The price is […]
 
 
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