Portal
Index
Memberlist
Profile
FAQ
Search
Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website
Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website
Index
Memberlist
Profile
FAQ
Search
Latest topics
Social bookmarking
Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website
Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website
It all comes down to Higher-Lows to maintain this current trend
Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts :: Your first category :: Forex Technical Analysis & Strategies Forum
Page 1 of 1
It all comes down to Higher-Lows to maintain this current trend
The last couple of trading days have been catastrophic for bullish traders, as the major indices and currency pairs have retraced severely after touching major resistance levels. U.S stocks experienced further selling pressure yesterday as a combination of profit taking and economic data forced the indices down to lower levels.
This time round it was housing data that battered trader’s confidence as the results showed that sales of new homes slid by 3.6%. The news was completely opposite to what analysts were expecting and dropped to 402k in September. Furthermore MBA Mortgage Applications showed a decrease of -12.3%. Even though durable goods showed a positive result during pre-market hours, coming out as expected, the data was quickly brushed aside throughout the start of the session.
From a technical point of view, one can see on the chart that investor’s sentiment has flip-sided over the last couple of trading days. Even though support levels are failing to hold, the major indices are still trading above their prior lows. The form of a higher low on the indices would confirm that the current trend is still intact.
[You must be registered and logged in to see this image.]
Read the full article at [You must be registered and logged in to see this link.]
This time round it was housing data that battered trader’s confidence as the results showed that sales of new homes slid by 3.6%. The news was completely opposite to what analysts were expecting and dropped to 402k in September. Furthermore MBA Mortgage Applications showed a decrease of -12.3%. Even though durable goods showed a positive result during pre-market hours, coming out as expected, the data was quickly brushed aside throughout the start of the session.
From a technical point of view, one can see on the chart that investor’s sentiment has flip-sided over the last couple of trading days. Even though support levels are failing to hold, the major indices are still trading above their prior lows. The form of a higher low on the indices would confirm that the current trend is still intact.
[You must be registered and logged in to see this image.]
Read the full article at [You must be registered and logged in to see this link.]
dodjit.com-
Number of posts : 75
Location : cyprus
Reputation : 1
Points : 225
Registration date : 2009-08-02
Similar topics
» EUR/GBP Approaching Target 1, Crude Oil Forms Higher-Lows
» trend vs retracement,what is the difference
» A Higher Low- This Was What We Were Looking For
» TREND RIDER SYSTEM...50-PIPS PER TRADE
» Gold Exploded Higher
» trend vs retracement,what is the difference
» A Higher Low- This Was What We Were Looking For
» TREND RIDER SYSTEM...50-PIPS PER TRADE
» Gold Exploded Higher
Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts :: Your first category :: Forex Technical Analysis & Strategies Forum
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Tue Sep 04, 2018 6:35 pm by rombizniz
» Daily Market Analysis from ForexMart
Fri Jun 22, 2018 8:01 am by Andrea ForexMart
» InstaForex Company News
Wed Jun 06, 2018 7:21 am by IFX Yvonne
» ForexMart's Forex News
Tue May 29, 2018 5:12 am by Andrea ForexMart
» Company News by ForexMart
Fri May 25, 2018 7:22 am by Andrea ForexMart
» Buying/selling Target, Best Buy, Apple, Itunes Usd, Amazon, Ebay, All Kinds Of Walmart, Gd; All In
Sat May 19, 2018 8:13 am by cricker94
» buy&sell gift cards,bitcoin,skrill,alipay..amazon,ebay,walmart,target,googleplay
Thu May 03, 2018 6:40 pm by rodxzn
» LiteForex news
Mon Apr 16, 2018 4:15 pm by LiteForex Official
» Buying/selling Target, Best Buy, Apple, Itunes Usd, Amazon, Ebay, All Kinds Of Walmart, Gd; All In
Fri Apr 13, 2018 11:31 pm by cricker94