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 […]
Here is an interesting illustration on a commodity that we consume almost every day. I have always been a coffee fan. Of course born and raised in Turkey, Turkish coffee has been a part of our daily life. I start and finish my day with coffee and consume 4-5 cups per day. When I saw […]
Looks like in the short-term Euro is due for a rebound. With the positive news flow from Euro Zone regarding the latest debt sales and restructuring of the Greek debt, U.S. dollar might pullback further helping the RISK ON trades to gain ground. I’ve mentioned in my previous updates that the technical outlook has turned positive […]
On January 6th I discussed government bonds for Germany & U.S. and drew attention to negative divergences on momentum indicators. U.S. 10 Year T-Notes and Euro Bund prices have generated negative divergences as they approached their previous high levels and both government bond prices tested their intermediate term resistance levels with negative divergences. The battle between bulls and […]
Strong rebound from a major support helped GBP to firm after falling from 1.6150 to 1.54 levels in the past 3 months. Rebound was timely as the cross rate was testing major support levels. First resistance for GBP/USD is at 1.584 level (200 day moving average). From a long-term perspective GBP/USD might be forming a 3 year-long symmetrical […]
From: Number Sleuth
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Gross domestic product in China, the world’s second-largest economy, rose 8.9 percent in the fourth quarter from a year earlier, the statistics bureau said in Beijing. With the latest data 2011 GDP growth slowed to 9.2%. The quarterly growth was the slowest in 10 quarters. China set its full-year growth target at 8 percent in early […]
When I’m analyzing the long-term charts I try to combine 200 day moving average with the RSI. When combined they are helpful in giving you the big picture and the overall trend. Though there could be minor violations of the support/resistance areas, they will always generate timely warning signals in the intermediate/long-term. RSI tends to move between 40 and 80 […]
