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The USD/CAD pair is ready to bounce significantly, perhaps heading all
the way to the 1.25 level again. On the other hand, if we break down,
that is a very bearish sign then head to the 1.20 level. Either way,
The Dow Jones 30 fell hard and will more than likely continue lower.The
market will probably try to find the 17,600 region. A supportive candle
in that area is reason enough to start going long,but market is volatile,
Do your own research before making any trades.
The S&P 500 fell hard may go a little bit lower, but I believe that there
is support below that should turn things around eventually. I am very
bullish of the US stock market in general.
The US Dollar Index fall and test the 97 level for support and form a
hammer.The 100 level above is going to be rather resistive though, so
this is more or less a short-term buying opportunity in an otherwise
The DAX ended up falling looks as heading back down to the 11,500 area
where we would anticipate seeing some type of support. It is not until we
get below the 11,200 level that we would consider selling as it would be
AIMHO Please DYOR
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Opinions given on this website are just that, 'opinions' and should not be taken as investment advice. Always do your own research before making investment decisions. Please read and understand the Risk Warning sections of the Websites / Dealers / Brokers / and / or with any others, you are trading with to make sure you are familiar with the relevant risks before trading.
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April 20, 2015. The EUR/USD pair eventually settling on a shooting star, Because of this,
I think that the pair may drop from here, as the US dollar is
strengthening against several currencies, I would be sellers.
The USD/JPY pair is trying to find a bit of support, if it can break
above the 119.50 level, I would be buyer, as it would show the market
breaking above the top.
The AUD/USD pair found enough resistance above the 0.78 level to turn
back around and form a shooting star. It suggests that the market is
ready to go lower, I feel this market should head to the 0.76 level next.
There is enough resistance to keep the market in a downtrend over the
longer term as well.
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Your Trading success depends upon your thinking. You are not in control of the market, but you are in control of your response to the market. That is very often lost in the heat of battle, when real capital is on the line pending your decision(s). Please Remember DO YOUR OWN RESEARCH. You are responsible for your own actions. "Never invest with money you cannot afford to lose." Risk Warning: Make your own decisions based on your markets analysis, judgements and ability to trade before parting with own hard earned monies. All opinion only. Please Remember DO YOUR OWN RESEARCH. You are responsible for your own actions.