Posts Tagged by trading chart patterns
Setting Stop Levels When Trading – How, Why & Where
| December 16, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
Setting stop levels is an often overlooked aspect of trading, and yet stops are absolutely crucial to trading success. Many traders spend hours, days and years searching for the ideal entry criteria, when they could simply adjust how they are setting stop levels to become more successful. Too often traders place stops at arbitrary levels…
EUR/AUD forex chart pattern-Flag formation
| June 19, 2011 | Posted by admin under Forex - Other Pairs |
Within the context of a broader downtrend a flag formation has formed in the EUR/AUD. While a flag is a “continuation pattern” it is wise to wait for the breakout of the pattern to the downside. Currently, a downside breakout will occur at 1.3420. That entry point will increase over time as the line is…
EUR/USD – Approaching Short-Term Support
| July 6, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair has pulled off the Tuesday highs, and is currently heading for a test of support (prior resistance) at 1.2600. Further support comes in at 1.2560 and 1.2530. The short-term trend remains up but may be jeopardized by a move below 1.2500, especially the swing low at 1.2480 This could trigger selling into 1.2400 (prior resistance…
EUR/USD: Headed For Test of Dominant Trendline
| July 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
After taking some time off to enjoy some of the summer weather EUR/USD and stock market analyses will be more frequent again over the next couple weeks. Currently the EUR/USD is headed for a test of the dominant downward trendline just above 1.2800. This should provide some resistance. A move lower off that level indicates downward pressure…
EUR/USD: Retesting Resistance After Breaking Lower
| June 12, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The EUR/USD finally broke below the triangle, but did so after two false breakouts. The pair has moved higher after putting in lows below 1.1900. The week was closed out with the EUR/USD at 1.2110. The resistance comes in at 1.2150-1.2200. This is the former support level which created the triangle (see chart at bottom).…
EUR/USD – Stable, But Remains in Downtrend
| June 8, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The EUR/USD has stabilized this week around 1.19 – 1.20. Given recently volatility and continued unease in financial markets the pair is not likely to stay within this small range for long. False breakout may occur at 1.1900 and 1.2000 but these levels provide some indication of buying or selling interest. A move below 1.1900 confirmed by…
EUR/USD-False Downside Break Means Legit Upside Move?
| June 1, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Here is the outlook for Wednesday: On Tuesday the EUR/USD broke sharply below its prior (recent) low around 1.2140 to near 1.2100. The decline was warded off before then and an aggressive rally insued right into the upper short-term trend line (the triangle mentioned on the weekend). False breakouts are extremely powerful, and this one provided a…
EUR/USD – Stabilizing Amid a Mass of Trendlines
| May 30, 2010 | Posted by admin under Stocks & Stock Market Analysis, Techncial Analysis Tutorials |
This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the EUR/USD has stabilized around prior lows, and amid several trendlines. At this time these trendlines all remain down – with the…
EUR/USD Weekly Recap
| February 12, 2010 | Posted by admin under Stocks & Stock Market Analysis |
What a week for the markets. The currency, stock and commodity markets all saw volatile moves. Although, the EUR/USD showed a more ranging tendency this week. Friday saw a break below the former low, moving down through 1.3580 and getting as low as 1.3530, but the pair could not finish below the former support. As…
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