Filtered by date: 07.05.2019. Clear
  • The Trading Checklist – Interview with an Expert

    To trade or not to trade, that is the question! As a country manager I get asked this and other trading questions daily. My position also means that I get to watch both successful and not so successful traders over the shoulder. Now, despite my experience, I can’t write a clearly defined recipe for success. […]

  • Can the Yuan become a global reserve currency?

    The news from South China Morning Post posted on May 4 claim that Chinese banks have quietly reduced the quota for yuan-to-dollar exchange from $5,000 to $3,000.

  • Hang Seng index Approaching Resistance, Prepare For A Reversal

    Hang Seng index is approaching its resistance at 29416.2 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 28788.6 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support). Ichimoku cloud also shows a corresponding reversal is expected. Trading CFDs […]

  • AUDJPY Testing Resistance, Prepare for Reversal

    AUDJPY is testing its resistance at 77.67 (100% Fibonacci extension , 38.2 % Fibonacci retracement , horizontal swing high resistance) where a reversal to its support at 76.80(38.2 % Fibonacci retracement , horizontal swing low support) is expected. Stochastic also shows a corresponding drop is expected. Trading CFDs on margin carries high risk. Losses can […]

  • SPX reverse off horizontal swing high resistance, further drop is possible

    SPX is approaching our first resistance at 2958.4 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed […]

  • XAUUSD testing key resistance, could possibly drop!

    XAUUSD is approaching our first resistance at 1288.77(horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1266.73 (horizontal swing low support, , 61.8% Fibonacci extension). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. […]

  • Summary

    We are seeing a nice setup XAUUSD and AUDJPY as it is approaching our resistance level Here are some of our nice calls previously: SPX bounced nicely: https://www.tradingview.com/chart/SPX/wCiGjTv8-SPX-reverse-off-horizontal-swing-high-resistance/