Technical Analysis

Stock Market update: Hang Seng, Shanghai Composite, Nikkei 225, S&P ASX 200

June 1, 2020 9:39 pm

The Asian market finished Monday’s session in positive territory, which was led by Hang Seng Index up 3.36%, Shanghai Composite Index at 2.21%, ASX 200 at 1.10%, and Nikkei 225 at 0.84%. Hang Seng Index gapped up during Monday’s opening trades and rose 3% in the first hour of trades. Investors seem to have […] Read more

RIO and BHP lead the charge in the ASX top 20

June 1, 2020 5:19 am

Rio Tinto Ltd(RIO) extended its flight from last Friday’s session and burst through 94.48 resistance level at the beginning of trades. It has cruised through to another critical point with massive volume at 96.95 at the time of writing. It may have accomplished its daily target up by 4%. The next level to watch is […] Read more

USD/JPY Trades at major level at 107.670

June 1, 2020 3:10 am

USD/JPY traded around Friday’s retracement level during opening trades in the Asian session and progressed to Friday’s highs at 107.898 but retreated around mid-day to 107.670 during the time of writing. The sharp rebound on Friday’s session at 107.194 seems to have stalled at 107.670, as indicated on the one-hour price chart below. The medium-term […] Read more

US Crude Oil (WTI) prices fall below 35.20

June 1, 2020 1:38 am

Crude Oil kicked off this week’s trading session around last week’s close and extended to around 36.00 within the first hour of trade but retreated below 35.20 at the time of writing. Crude prices barely made it above 34.36, but it seems it has struck a barrier around 35.20. The riots happening around US major […] Read more

Australia’s top providers for buy now pay later share prices increased two-fold within two months

May 31, 2020 11:15 pm

The buy now pay later phenomenon increased its popularity in Australia during the COVID 19 crisis, which saw the top service providers’ shares exploded within a short period. Before the COVID19 crisis, Roy Morgan’s research in September 2019 reveals that at least 1.95 million Australians use the buy now pay later service. Millennials are more […] Read more

Asia stock market update

May 31, 2020 11:03 pm

Nikkei 225 Index closed Friday’s session at 21877.89 -38.42 down 0.18%. The Index held on above 21600.00 two consecutive sessions, but still to break at 22068.00. The critical support price point to watch in future sessions is at 21600.00. The Index could fall if it slips under 21600.00. Major events to watch today is at […] Read more

Ford Motor Co share price set to see more upside? – Technical Analysis

July 29, 2014 1:47 pm

Ford Motor Company has been in a plain bull trend since February 2009, as the most prominent swing high was recorded in January 2011 ($18.97). A two-legged pullback followed and was completed in July 2012, after which the underlying trend resumed. Confirmation was provided by the perfect order of the three Exponential Moving Averages (with […] Read more

General Motors Company share price set to fall further? – Technical Analysis

July 28, 2014 12:39 pm

General Motors Company (GM) has demonstrated a plain bearish move since late December 2013, that lasted until April 11th. The 200-day Exponential Moving Average (the black line) has acted as a level of resistance on several occasions, but eventually the price broke above it, forming a bull channel. After reaching the swing low on April […] Read more

Point and Figure Charts

February 17, 2014 12:45 pm

Even though point and figure charts have never been too popular, they are one of the most interesting charts used for long-term investment goals and predictions. Their aim is minimize the superfluous data and present a clear view of the trends. The main focus here is on supply and demand, but emerging trends are not […] Read more

Inside Bar Trading Strategy for Binary Options

January 6, 2014 9:34 am

When it comes to binary options trading, the inside bar strategy is a handy method to be used by traders. Traders should carefully observe the market trends for the reliable delivery of this technique so that they successfully determine the cost of alternatives for their personal investments. Graphs which note the documentation of high/low and […] Read more