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H1 price is on ranging within 1.0494 resistance and 1.0447 support level waiting for the direction of the strong trend to be started. If the price breaks 1.0494 resistance to above so the intra-day bullish trend will be resumed. If the price breaks 1.0447 support level so the primary bearish market condition will be started.
In the meanwhile, don’t expect the market to settle down in the near-term, or really any time soon. What this means is that recent trends are likely to persist; it’s too early to catch the falling knife or attempt to be a hero. One such way to gain an edge is to monitor retail crowd positioning (analogous to commercial hedgers in the futures market), as the crowd has consistently been on the wrong side of these recent big moves. The fact that the retail ...
5 Big Forex Mistakes Small Investors Make "Some $5 trillion daily move in foreign currency trading (aka forex), and that is a number that dwarfs the amount of money traded on stocks (said by some experts to be under $100 billion daily counting all exchanges). That is a huge pot of dough and here's the reality: small investors are very much welcome and rewards can be huge." "That's because most trades involve leverage - a ...
Daily price is located below SMA with period 200 (200 SMA) for the primary bearish market condition with the ranging within the following support/resistance levels: 1.4826 resistance located near 200 SMA on the border between the primary bearish and the primary bullish trend on the chart, andFibo support level at 1.4379 located below 200 SMA on the primary bearish area. If the price breaks 1.4826 resistance on daily close ...
USD/CHF M5: 238 pips price movement by Brexit Referendum Final Results H4 intra-day price is breaking 200 SMA t above for the bullish breakout: the price is testing 15-day high at 0.9775 for the bullish reversal to be continuing.
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