Something Interesting in Financial Video June 2014 - page 6
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:42
Gold forecast for the week of June 23, 2014, Technical AnalysisThe gold markets initially dipped during the week, but the $1250 level provided enough support to keep the market somewhat afloat, thereby pushing it back above the $1300 level. If we can get to the $1400 level, we then have an inverse head and shoulders, signifying that we should head to the $1600 level where there is a convenient cluster placed. We do ultimately believe that the gold markets go higher, so therefore on a break of the highs from this past week, we would go ahead and start buying
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:44
USD/JPY forecast for the week of June 23, 2014, Technical AnalysisThe USD/JPY pair went back and forth over the course of the week, as we continue to meander in a fairly tight consolidation area. It’s a bit difficult for longer-term traders to be involved in this market, and until we break well above the 103 level, we do not see much of a trade to the long side. As far selling is concerned, we think that there is simply far too much support below to even consider it at this point in time. Ultimately, we do believe that this market breaks out to the upside, but it might take a while.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:51
USD/CAD forecast for the week of June 23, 2014, Technical AnalysisThe USD/CAD pair initially tried to rally during the course of the week, but then fell through the 1.08 level as support came crashing down. However, it now looks as if we will probably test the uptrend line and that means that this market should continue to fall shortly. However, we believe that until that uptrend line is broken, we will not want to sell the market. We are looking for supportive candle below, and fully recognize that we will more than likely test support rather quickly. However, until we get the “all clear” by breaking below the massive support, we are still in “buy only” mode.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:52
NZD/USD forecast for the week of June 23, 2014, Technical AnalysisThe NZD/USD pair broke higher during the course of the week, but found enough resistance near the 0.87 level to be pushed back down and form a shooting star. The shooting star of course suggests that the market could pull back from here, but we believe that there is plenty of support below and therefore any pullback should simply be a buying opportunity. On supportive candles below, we would be buyers, even if it’s on the daily chart as we do believe ultimately the move higher prevails and we break above the 0.87 handle to go to the 0.90 handle.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:54
GBP/USD forecast for the week of June 23, 2014, Technical AnalysisThe GBP/USD pair went back and forth during the course of the week, but closed above the 1.70 handle, a significant move to the upside. That was a pretty strong barrier for us, and we believe that it opens the way to the 1.75 level as a target. It will probably take a bit of time, but we do believe that eventually that level gets hit. If we pull back from here, we would fully anticipate buyers stepping into the market and lifting the British pound yet again.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.22 12:56
EUR/USD forecast for the week of June 23, 2014, Technical AnalysisThe EUR/USD pair broke higher during the course of the week, using the 1.35 level as support. That being the case, it looks as we continue to bounce around in this general vicinity, using the 200 pips as the range for the market right now. Long-term traders will probably avoid this market, but short-term traders will probably find it very profitable as it looks very well contained and we have very obvious support and resistance levels. However, if we do get above the 1.37 level, we feel that the market will finally go back towards a 1.40 handle. A move below the 1.35 level since this market down to the 1.33 handle.
Forex, Commodities and Equities Outlook - 06.23.2014
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.06.24 09:29
Trading Video: EURUSD a Better Trade Opportunity Despite GBPUSD Event Risk?
There are high-profile and long-term trade patterns shaping up in the FX market, but the more probable opportunities are the shorter-term range and breakouts. Market Conditions - as a third dimension to trade and systemic analysis - still favors short-term developments. That means a wedge formation from the EURUSD on the two-hour chart carries better potential than the high-profile GBPUSD break above 1.7000 or the pent up pressure for USDJPY in a multi-year technical pattern. With that in mind, we head into noteworthy event risk from the UK and key technical levels for a range of currencies with expectations for what is reasonable from the markets. We discuss this and more in today's Trading Video.
When is the ideal time to trade Forex?
In this video:
00:49 Trade when it suits you
02:38 The way that I trade normally when I'm at home or travelling
05:20 Getting the most price action