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USDCHF?
USDCHF fall below 1.2254 support last Friday, it is testing the long term support at 1.2182, a break below this level may signal the long term bearish movement. Key resistance is now at 1.2354, only break above this level may signal a reversal of the down trend.? (more…)
EURUSD is in up trend, it?s moving higher to reach its cycle top, this cycle top will appear after August 10, and the target of the cycle top would be over 1.2978 (the day high of June 5, 2006). For long term analysis, the key resistance at 1.2861 is broken above, and EURUSD has bottomed on weekly chart. The long term bullish movement has started, and this bullish movement would last several months.
USDCHF?
The down trend line is broken above, USDCHF is forming a sideways consolidation on 4 hours chart. Further fall below 122.54 previous low support is possible after this consolidation. Key resistance is at 1.2365, only break above this level may signal a reversal of the down trend. (more…)
J. Willes Wilder Jr. explains the relative strength index (RSI) in great detail in his book, “New Concepts in Technical Trading Systems“. Over the years, chartists and technicians alike have written volumes about the RSI, which has been categorized as an overbought/oversold indicator. In this article I am going to follow the writing of Wilder and his theory of RSI as it applies to a high-profile issue in both the United States and Canada.
USDCHF?
USDCHF is testing the down trend line resistance. If this resistance holds, the pair would move lower to test 1.2182 previous low support. If this level gives way, the pair would move higher to test the key resistance at 1.2365, a break above this level may signal a reversal of the down trend, and it would move higher to reach the next cycle top on 4 hours chart. (more…)
Before investment, one of the most important decisions you will make is how you will invest your money. This is because taking the wrong investments can easily wipe out your bank account, and in some cases, could even leave you in debt.
For investor, it is now easier to invest because almost all transactions can be made online in recent years. Given the ease that online transactions bring, more and more companies are jumping on the bandwagon to provide products and services over the Internet. In keeping with the times, securities exchanges have also taken the necessary steps to provide online or web trading services to investors. This has made it possible for more people to invest in stock markets as information on these types of investment are also provided together with the web trading service.
Here ia an article that uses simple understandable language to tell you, how to choose the right charts, read them correctly, and act effectively in the market from what you see on them. Probably most of you have taken a course or studied the use of charts in the past. This should add to that knowledge.
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GBPUSD is in up trend, and further rise above 1.9024 is possible in next several weeks. Key support is at 1.8175, as long as this support holds, up trend will continue. For long term analysis, GBPUSD has started its long term bullish movement, and this bullish movement would last several months. More Forex Ananlysis.
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