#down trend

Basics Of DOW Theory for new bies

According to Dow an uptrend is consistently rising peaks and troughs. And a downtrend is consistently rising lowering peaks and troughs. Here the line chart is used to mark the high tops & bottoms .The minimum look up period one to two years.

support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse.…

Sensex falls as Karnataka political situation unnerves market

The main clergyman of the southern state quit on Saturday, after only two days in office, as his Bhartiya Janata Party was not able rustle up the help of a lion’s share of lawmakers in the state get together.

This permits the fundamental restriction Congress party and a territorial partner to shape a legislature in the state and is relied upon to excite adversaries of Prime Minister Narendra Modi…

The Thursday Night Update

The dollar continue to rally out of its daily cycle low today. Today is day 2 for the dollar’s daily cycle. The dollar is currently in a down trend, as characterized by peaks below the upper daily cycle band and troughs below the lower daily cycle band. The dollar will remain in the daily down trend until it closes above the upper daily cycle band. But this rally in the dollar is sending gold…

Oil’s Slippery Slope

Oil continues to drop into an intermediate cycle low. Oil broke below the 12/14 low today forming another failed daily cycle. Oil is in a daily down trend and will remain in a daily down trend until it can close above the upper daily cycle band. Stocks have also closed below the lower daly cycle band to signal that stocks have begun a daily down trend. Today was day 34 for the failed daily cycle.…

New Post has been published on http://www.winnersedgetrading.com/eurjpy-trend-developing-rapidly-and-promising-600-pips-reward/

EURJPY Trend Developing Rapidly and Promising 600 Pips Reward

The EURJPY has tremendous potential of wide open space for a continuation of its downtrend – although it does need to break one crucial level before the road is clear. Once the support level is out of the way, the EURJPY could be ready for a free fall to lower levels. For example, the main Fibonacci target is a whopping 650 pips lower than current price. Take a look at the rest of the article to get all of the angles and details regarding this potential trade setup.

EURJPY TREND

Since the break of the support trend line (green) the EURJPY has been consistently posting bearish weekly candles with only 3 exceptions. However the 3 bullish candles were small and insignificant and never really threatened the downtrend continuation. Last week’s candle was decisively bearish and this week is close to being bearish as well.

ROAD BLOCK

There is a big obstacle though which traders should be aware of: the weekly bottom at +/- 136.26. Price has dangerously approached this key support level, which can stop a trend cold in its track. A break of this bottom is needed before a bigger down trend continuation can be expected.

WIDE OPEN SPACE

The wide open space is especially below the weekly bottom. Once that level cracks, the next targets are the -27.2% and the -61.8% Fibonacci targets. Those price levels are 133.76 and 130.50.

When analyzing the bigger structure, the question is how far the Euro could retrace versus the Yen? If the entire upside is retraced, then price could go back towards the 23.6% Fibonacci level at 133.50, the 38.2% Fibonacci level at 126 or the 50% Fibonacci level at 120 (purple Fib).

TRADE DETAILS

Price is too close to the bottom to trade it now. Trade details are therefore not available as price still needs to break below the bottom. And no, I will not be placing a pending order at the bottom break, but rather use lower time frames (1 hour – daily) for entry and trade management purposes. Waiting for decisive candles during breakouts and momentum continuation is a good technique to employ (yellow circle). Treat this article as a trend warning for the moment. As long as price stays below the resistance lines (orange and brown), the downtrend remains strong.

Is there another a trend that you would like to see discussed? Let us know down below!

Prediksi Pergerakan GBPUSD Minggu ini, 24 – 28 Maret 2014

Salam profit… Bagaimana prediksi pergerakan harga GBPUSD dalam minggu ini (24 – 28 Maret 2014)?… Pergerakan harga yang terjadi pada hari Jum’at, 21 Maret 2014 GBPUSD bergerak dalam rentang yang sempit. Gerak harga ini pertanda: - Hari sebelumnya terjadi pergerakan harga yang melebar (rentangnya lebar). - Pelaku pasar sedang menunggu berita (fundamental news). Namun secara keseluruhan GBPUSD telah…