Category Archives: Uncategorized

Is this Greek crisis the big one? – Index charts may give a clue

Posted on May 17, 2012 by

Investors and traders around the world are yet again assessing the probability of Greek default and how serious the impact on markets is likely to be. One approach to this difficult issue is to look to price charts for guidance … Continue reading →

Posted in Market, Shares, Stocks, Trading, Uncategorized | Tagged , , , , | 3 Comments

US30 Index breaks out of rectangle

Posted on May 15, 2012 by

On Friday I discussed the distributive pattern that the US30 index had been trading in. With the weakness overnight we have seen the support level broken which leaves us with a setup for the day ahead. As I have marked … Continue reading →

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US 30 Index at a tipping point

Posted on May 11, 2012 by

The US 30 index has now formed a very consistent looking rectangle formation. This shows the trader a number of things. Firstly, it can be a very good setup in its own right which I will come back to in … Continue reading →

Posted in Market, Shares, Stocks, Uncategorized | Tagged , , , | 2 Comments

AUDUSD – Bullish Head & Shoulders Hourly

Posted on May 10, 2012 by

The following chart shows a bullish setup occurring on the AUDUSD with a 1 hour bullish head and shoulders in the making. This type of setup would look for about a 60 pip profit target based on the height of … Continue reading →

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Double Tops and Bottoms – Trading Webinar

Posted on April 19, 2012 by

I’ll be presenting a webinar on trading strategy for double tops and bottoms at 1pm AEST today. It’s free of charge and you can register via the link below http://www.cmcmarkets.com.au/education/events/webinars-CFD Ric

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AUD:JPY – Bollinger Band Set Up

Posted on April 18, 2012 by

This long term rally in AUD: JPY still looks impulsive in nature at this stage. As long as we don’t decline (or overlap) through recent peaks this creates a bias in favour of this major uptrend resuming. Given this scenario, … Continue reading →

Posted in Forex, Market, Trading, Uncategorized | Tagged , , , | 7 Comments

GBP:AUD – Continuation Set Up

Posted on April 17, 2012 by

The minutes of the last Reserve Bank Meeting will be released at 11.30 this morning. This will be a more than usually interesting set of minutes given the statement that followed the last meeting in which the Board indicated a … Continue reading →

Posted in Forex, Market, Trading, Uncategorized | Tagged , , , | 2 Comments

Pairs Trade – DJS vs MYR

Posted on April 12, 2012 by

Top line Australian retailers remain under significant pressure. Structural issues such as competition from online retailers, and cyclical issues such as conservative consumer behaviour and the higher Australian dollar, have cut into revenues and profits. However, not all share prices … Continue reading →

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Bernanke’s QE afterglow expected to give stocks a positive start

Posted on March 27, 2012 by

By Michael Hewson (Senior Market Analyst at CMC Markets UK) Yesterday’s unexpectedly downbeat comments from Fed Chairman Bernanke about the state of the US economy and the jobs outlook prompted a sharp sell-off in the US dollar and a sharp … Continue reading →

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Germany set to agree to bailout fund compromise

Posted on March 26, 2012 by

By Michael Hewson (Senior Market Analyst at CMC Markets UK) Concerns about the economic situation in Europe remain at the forefront of investor’s minds this week after the biggest negative week of 2012 for equity markets last week, on the … Continue reading →

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