Russian Rouble Roulette

It’s hard to go past the Russian rouble as the traders’ choice, given the extraordinary volatility. Extreme price movements demand traders respond with aggressive risk management, but the potential rewards for a good entry are attractive. Trading USD/RUB is not for the inexperienced. However, traders willing to adapt to the environment may set themselves for […]

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Chart Signals – Friday, Dec 19

Asia Pacific indices Australia 200 has a test of resistance underway at a Fibonacci cluster near 5,275 and 50 on the RSI. Breakouts would confirm the start of an upswing with next resistance near 5,335 then 5,385 with support near 5,230 a previous high. Japan 225 is retesting 17,580 resistance having soared after retaking 17,210 […]

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Chart Signals – Weds, Dec 17

Please note – there will be no Chart Signals tomorrow – back on Friday. Asia Pacific indices Australia 200 remains in retreat, currently testing Fibonacci support near 5,140 with next potential downside tests near 5,100 then 5,000. Initial resistance on a rebound possible near 5,2300 then 5,275. Japan 225 found support near 16,240 a previous […]

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End Of Year Cheer!

From Trade with Precision’s Craig Cobb: It’s not long now until another year is wrapped up and consigned to the pages of history. For some, this will be a welcome break from their day to day routine and for others it will be a break from the markets. Personally, I love Christmas and any holidays […]

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USD/SGD

From Graeme Kennerley at Trade with Precision: The USD/SGD is in a strong uptrend with a 50% Fibonacci retracement completed. In this video we discuss the technical reasons for a LONG trade on this forex pair setting up in the opening session.

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Chart Signals – Tuesday, Dec 16

Asia Pacific indices Australia 200 remains under distribution with resistance falling from 5,275 toward 5,200. Some support has emerged near 5,140 but with RSI still way under 50 and momentum still downward, a retest of the 5,000 round number remains possible. Japan 225 has a major breakdown underway, taking out the 17,000 round number and […]

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Chart Signals – Monday, Dec 15

North American Indices US30 is breaking down again today, taking out 17,490 to complete a 23% retracement with next potential support at the 50-day near 17,280 then 17.185. RSI under 50 and falling indicates downward pressure growing. SPX500 continues to slide, falling below 2,025 to trade near 2,020 with next potential support near 2,000 where […]

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Chart Signals – Friday, Dec 12

Asia Pacific indices Australia 200 hs bounced back above 5,220 after completing a bear trap washout just below 5,180. A higher low in the RSI suggests downward pressure easing. Initial resistance at a Fibonacci cluster near 5,275 then 5,330. Japan 225 has a big bounce underway following a successful test of support at the 17,000 […]

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Chart signals – Thursday, Dec 11

Asia Pacific indices Australia 200 remains under pressure again turning downward after falling short of 5,300 on a bounce and unable to decisively retake a Fibonacci cluster near 5,275. Back under 5,200 next potential support appears near 5,140 then the Oct low near 5,100. RSI indicates downward momentum still accelerating. Japan 225 continues to retreat, […]

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Where might the Aussie Battler End Up?

From Trade with Precision’s Graeme Kennerley: The Aussie has been weakening against all its trading partners for several months now and the question has to be asked “Where might the AUD end up?” Even against the severely weakening YEN pairs the AUD is not maintaining its head above water. Here on the Weekly chart, you […]

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