Tags » Technical Analysis

Crude Oil - Happy Black Friday Special

Plunging through 3 drive to the bottom and descending trendline. P.S. Don’t step in front of the freight train. Should look to short at 70 on a relief rally. 6 more words

Technical Analysis

UK100: Ranging at a daily resistance

European shares closed higher on yesterday session with investors reacting to fresh data from the euro zone, meanwhile trading could be light after U.S. markets closed for the Thanksgiving holiday yesterday and set to reopen today for a shortened session. 86 more words

Technical Analysis

Oil price plunges after OPEC keeps quota unchanged. USDCAD surges on the news.

It seems there will be no cut for the time being in oil supply. Oil price has fallen to new lows after the news was released and USDCAD surged significantly, breaking important resistance level. 88 more words

USDCAD

USDCAD: 200-Hours Moving Average acts as resistance for the 5th time in a week

The same kind of movement that we have seen all week happened overnight, while the price action is becoming more and more predictable: The pair increased overnight (ET) before reaching the 200-Hours Moving Average and then it reversed downward.

Here is the hourly chart:

Canada

EURUSD: Possible double bottom pattern

The focus will be on ECB President Draghi’s speech during tomorrow’s European session at 11:30am GMT followed by Friday’s release of the flash CPI, expected to fall on headline to 0.3% y/y and remain stable at 0.7% y/y on core. 93 more words

Technical Analysis

3.BEFORE TRADING DAYS

As I said before I spent almost two years studying technical analysis and how to behave in a trading environment. In that period,  I came across many times with two key ideas, money management and trading psychology behaviour. 320 more words

Learning Process

USD declines after weak durable goods orders and new home sales. 200-Hours MA acting as a strong resistance

The USDCAD was actually up overnight, moving from 1.1235 to approximately 1.1295.

But the pair then touched the 100-hours moving average at around 5AM ET (resistance level that has remained persistent lately) and it started to decline. 87 more words

Canada