Markets move in the path of least resistance Two of the most widely discussed concepts in the field of technical analysis are support and resistance levels. Without understanding these critical components, trading is generally a frustrating endeavour. At first glance, the concept behind support and resistance makes sense, some would even say simple. However, you’ll … Continue reading Identifying Support and Resistance in the Foreign Exchange Market
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Friday 3rd March: Europea Open Briefing
Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite lost 0.40 %, Hang Seng declined 0.65 %, ASX 200 lost 0.80 % Commodities: Gold at $1233 (+0.05 %), Silver at $17.78 (+0.15 %), WTI Oil at $52.70 (+0.10 %), Brent Oil at $55.15 (+0.15 %) Rates: US 10-year yield at 2.48, UK 10-year … Continue reading Friday 3rd March: Europea Open Briefing
Friday 3rd March: Technical outlook and review
A note on lower-timeframe confirming price action… Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the … Continue reading Friday 3rd March: Technical outlook and review
Thursday 2nd March: European Open Briefing
Global Markets: Asian stock markets: Nikkei up 0.95 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.30 %, ASX 200 rallied 1.20 % Commodities: Gold at $1247 (-0.25 %), Silver at $18.43 (-0.35 %), WTI Oil at $53.70 (-0.20 %), Brent Oil at $56.30 (-0.10 %) Rates: US 10-year yield at 2.46, UK 10-year … Continue reading Thursday 2nd March: European Open Briefing
