Thanks everyone for participating in the poll on what to read at Tech Charts. The feedback has been valuable. As there are plenty of opportunities in the financial markets it is important to filter them and present the widely followed instruments on a daily basis. Though this post is not one of them, many of my […]
Rebound in Euro and weakness in U.S. dollar has now reached to the targets I’ve mentioned in my previous update on the 22nd of January. (http://techcharts.wordpress.com/2012/01/22/u-s-dollar-index-eurusd/) EUR/USD rebounded from 1.26 levels and reached 1.33 levels. U.S. dollar index reversed from 81.60 levels and pulled back towards the support area between 78 and 80 levels. Since […]
Since August 2011 I’m updating U.S. Unemployment Rate with the above template. I looked at the % change on the unemployment rate from a different perspective and applied 1 & 2 year moving averages to see crossover signals and the length of trends after major crossover signals. (http://techcharts.wordpress.com/category/economics-united-states/) In this analysis I concluded that in […]
Breakouts from consolidation ranges have always been powerful. The longer the time spent in the consolidation range the stronger the breakout is. Lumber is a perfect example of a range breakout where price has been consolidating for almost a year. Price could have breached the lower boundary of the year-long consolidation at 213 and also violate the […]
In the previous update I discussed the strength in the energy sector and analyzed Brent Crude Oil. Price of Brent Crude is breaking out of a long-term symmetrical triangle. 3 year-long uptrend resumes in the parallel trend channel and price is clearly above the 200 day moving average. In this update I’m looking at other energy […]
While Greek debt, spending cuts and their negotiations with European leaders continue to occupy the headlines, I thought an update on Euro Zone government yields would be timely. How bad is it out there? Will Greece default? Are Portugal yields more worrying than the Greek situation? These are the questions investors are trying to answer […]
When analyzing long-term charts, 200 day moving average is extremely helpful in deciding the direction of the long-term trends. Supported by the 200 day moving average, 14 period RSI on the weekly scale is a good confirmation of that trend. In the previous posts you’ve come across the term “road map” referring to the 200 day moving average. Price can move […]
After strong performance from equity markets and commodities and a positive start for 2012, indices are challenging their minor/major resistance levels. One of those indices is the Dow Jones Industrial Average now testing 12,750 levels, a resistance now being challenged for the third time. Since October 2011, Dow Jones Industrial moved from 10,500 levels to […]
The beauty of technical analysis is that it helps us compare current price movement with past price movements and layout a trading strategy depending on the historical price movements. Chartist have developed an extensive list of chart patterns throughout the years. For those interested in learning chart patterns Thomas Bulkowski’s The Encyclopedia of Chart Patterns is […]
In December I wrote about Soy Meal. A commodity that I’ve often traded and analyzed. Agricultural commodities are perfect for traders who are starting with a small capital. Their low margins allow you to trade 1-2 contracts per trade. Unlike Gold, Silver or even Crude Oil that have high margin requirements, agricultural commodities are better […]
