The AUD/USD has been consolidating since reaching 0.9504 high of the year.After a sharp retreat, price held above the 0.9321 level and continued to consolidate sideways. This consolidation structure is turning up the bearish bias in July. It looks like traders are rounding out a price top. AUD/USD 4H Chart 7/18 Looking at the ...
Updated 07-18-2014 at 01:06 PM by BrokersMinutes
EURUSD and USDCHF divergence (again)GBPUSD weekly RSI top warningUSDJPY pattern becoming clearer EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” -“1.3670/85 is a level that should inspire a reaction (selling). ...
Updated 07-19-2014 at 09:40 AM by TechnoMeter
U.S. Offered Berlin 'Five Eyes' Pact. Merkel Was Done With It U.S. Ambassador John Emerson made his way to the Foreign Ministry in Berlin armed with a plan to head off the worst diplomatic clash of Angela Merkel’s chancellorship. Emerson came to the July 9 meeting with an offer authorized in Washington: provide Germany a U.S. intelligence-sharing agreement resembling one available only to four other nations. The goal was ...
Dumbest Investing Ideas of 2014 Athlete IPOs. This year, San Francisco 49ers star tight end Vernon Davis IPO’d. Fantex Brokerage Services agreed to buy a 10 percent cut of all Davis’s future earnings for $4 million. There are so many reasons this is a not a good investment idea, but let’s limit our discussion to three: 1) You have limited ability to pick which companies are going to do well; what makes you think you have any ability to guess what any athlete’s future ...
Market conditions change over time, prices are dynamic and constantly changing, and no trading day is ever exactly the same as the previous one. Volatility fluctuates and sometimes the market can seem quiet for a long time, only to erupt in a flurry of activity soon after. When the market becomes quiet for a while, I get a lot of people writing in, quite emotional, asking if there’s something “wrong with price action”. The fact is, there’s never anything ‘wrong’ with price action, ...
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