Monday, May 4, 2020
FOREX.
Trading the AUD/NZD pair, as one of the best pairs to trade, takes some analysis and understanding of the Forex market. On this 5 minutes chart, we are late if we were to enter this shown move. There has been a lot of profits while at the same time a new trend change or continuation of the current, with both possibilities valid.
In the way we can approach this, is to take a look at the 4 hrs chart, where price has encountered a resistance point as per our technical indicator. It is possible then to see what we can watch this move, and once the 4 hrs chart price line crosses over, then we could see a potential move to the upside.
Other than that, bouncing at this resistance line could then show a potential move to the downside, so we can watch it accordingly to enter to the moving trend side. We should always want to be on the right side of the trend for any trades. Look for the second part of this article to see the 4 hrs related chart.
While Gold has done fine overnight, Live Cattle is doing fine too. Here a 5 min chart of the cattle meat futures. It is a great time to watch its move over the day. The studies on the chart have been designed to catch such moves over time.
Lets see how it behaves once the market opens, so we can have a better idea if it will continue up trend or down trend. Thanks for visiting.
Friday, May 1, 2020
Tracking the oil moves, part 2 of 2.
As we could see on prior chart, the oil market was trying to catch up due to fundamentals and investors trading. Now on this 5 minutes chart, the immediate move of the oil price can be seen with a closer eye into the action, keeping in mind a longer trend to see the major moves. We hope this example can serve you to get into the patterns of what such of a great levels are telling us, as per the chart data. Thanks for visiting.
As we could see on prior chart, the oil market was trying to catch up due to fundamentals and investors trading. Now on this 5 minutes chart, the immediate move of the oil price can be seen with a closer eye into the action, keeping in mind a longer trend to see the major moves. We hope this example can serve you to get into the patterns of what such of a great levels are telling us, as per the chart data. Thanks for visiting.
Tracking the crude oil price moves, part 1 of 2. To get the best moves, average crosses and direction, it is best to use several charts. Here we use a 4hr chart, to track the bigger moves and to track historical support and resistance levels.
Crude has been very cheap and volatile at the same time. When it moves, it does mean to move. In our second part, we can see in a smaller timeframe, how this can work for us, and the overall image of grate trading opportunities. Thanks for reading, and we will follow up now with the second part of our test.
Lets keep watching the stock market moves with Crude Oil making some progress. In a 5 minutes chart, it has crossed over the 50 and 200 days moving averages. This shows upside and down side moves, where investors seems to be taking profits and running.
In the other hand, a great improvement in price over the last few days.
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