Direction Finder it's a very helpful MT4 Forex indicator for find currencies direction , you can use this indicator with any time frame and with any pair , when you put Direction Finder MT4 chart you will see two part of indicator the red part it's an analistic par and the green part it's the expected trend for a pair , we advice to use this indicator with any good "Support & Risistance" indicator for make sure of the new expected trend .
Showing posts with label S&P 500. Show all posts
Showing posts with label S&P 500. Show all posts
Wednesday, November 20, 2019
Monday, October 23, 2017
Signal For Tuesday 24th October 2017
Overall there is strength in the JPY with minor strength in the GBP and NZD
Overall there is weakness in the AUD, CAD, EUR and CHF
Buy Trades – NZD/CAD, GBP/CAD, GBP/AUD
Sell Trades – EUR/JPY, AUD/JPY, AUD/NZD, CHF/JPY, CAD/JPY
Overall there is weakness in the AUD, CAD, EUR and CHF
Buy Trades – NZD/CAD, GBP/CAD, GBP/AUD
Sell Trades – EUR/JPY, AUD/JPY, AUD/NZD, CHF/JPY, CAD/JPY
Sunday, January 15, 2017
Signal For Monday 16th January 2017
Overall there is minor strength in the NZD
Overall there is weakness in the GBP, EUR, USD and CHF
Buy Trades – NZD/USD, NZD/CHF
Sell Trades – None
Overall there is weakness in the GBP, EUR, USD and CHF
Buy Trades – NZD/USD, NZD/CHF
Sell Trades – None
Thursday, January 12, 2017
Signal For Friday 13th January 2017
Overall there is strength in the AUD and NZD
Overall there is weakness in the GBP
Buy Trades – EUR/GBP
Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF
Overall there is weakness in the GBP
Buy Trades – EUR/GBP
Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF
Wednesday, January 11, 2017
Signal For Thursday 12th January 2017
Overall there is strength in the AUD and NZD
Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD
Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD
Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD
Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD
Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD
Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD
Tuesday, August 23, 2016
S&P 500: A Look at the Short-term Chart-scape
What’s inside:
In the latest commentary regarding the S&P 500 (FXCM: SPX500) we took note of the downside break in the wedge formation which had been developing since the beginning of the month. Despite its bearish implications we wanted to see a clean drop below all near-term support levels, including the 8/10 low at 2171, before feeling comfortable from the short-side. While on 8/17 the S&P broke below 2171, it was only for a very short period of time before recovering back above.
It remains a difficult environment for traders on all time-frames. The very slow upward grind which began in the middle of July looks likely to continue in the short-term without a major catalyst as the summer vacation period winds down.
The general trend is higher, so we must respect that for now until we see a meaningful break in price and sentiment.
One possible bearish short-term development to watch is the development of a head-and-shoulders pattern. However, trend-line support from the 8/2 low comes in prior to the pattern triggering (break below 2167), which helps keep the trend pointed higher as long as the S&P remains above.
The best strategy at this time appears to be quick-hitter scalps off horizontal and sloping support levels until volume and volatility move back into the market.
- The S&P 500 breaks wedge, but not support
- Tough summer trading environment with volume and volatility low
- Trend remains higher, but one possible bearish formation could develop
In the latest commentary regarding the S&P 500 (FXCM: SPX500) we took note of the downside break in the wedge formation which had been developing since the beginning of the month. Despite its bearish implications we wanted to see a clean drop below all near-term support levels, including the 8/10 low at 2171, before feeling comfortable from the short-side. While on 8/17 the S&P broke below 2171, it was only for a very short period of time before recovering back above.
It remains a difficult environment for traders on all time-frames. The very slow upward grind which began in the middle of July looks likely to continue in the short-term without a major catalyst as the summer vacation period winds down.
The general trend is higher, so we must respect that for now until we see a meaningful break in price and sentiment.
One possible bearish short-term development to watch is the development of a head-and-shoulders pattern. However, trend-line support from the 8/2 low comes in prior to the pattern triggering (break below 2167), which helps keep the trend pointed higher as long as the S&P remains above.
The best strategy at this time appears to be quick-hitter scalps off horizontal and sloping support levels until volume and volatility move back into the market.
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