Chart pattern analysis consists of a set of pre-defined patterns formed by moving market prices. Chart patterns are used by traders and analysts to identify potential entry and exit points in the markets.
US equities consolidated for a third consecutive day following the White House announcement of the most radical tax reform plan in decades.Though this should theoretically have a huge impact on society, the...
Investors are currently considering the old cliché ‘sell in May and go away’, which suggests that stock markets will incur heavy selling in the month of May. This phenomenon is typically due to seasonality as well as psychological hints, which in turn reinforce the selling pressure.
Fears about the effect of Brexit eased over the last few weeks as UK Prime Minister Teresa May finally triggered the Article 50 on 29th March, kicking off the start of a two-year long process of leaving the EU.
We’ve just entered Day 60 of the Trump administration and there is little cause for celebration outside of Wall Street. US equities are still refreshing their record highs buoyed by optimism surrounding “Trumponomics” – tax reform, deregulation, an infrastructure plan.
Global equities rallied on Thursday, cheering the Fed’s decision to raise interest rates by 25 basis points (bps) as it not only provided certainty around monetary policy but also strengthened investors’ confidence in the US economic outlook.
One of the most useful technical patterns is a sideways trend (or range). It allows a simple, mechanical strategy to be followed as detailed below.
Finding support and resistance involves determining what critical prices define the trend (or range) and are more important over and above other prices. There are guides and rules for determining the legitimacy and strength of a price level, irrespective of whether it is a support or resistance.
Trend recognition is a critical factor in the success of any trading plan. Many investing strategies seek to profit from trending markets. The idea is to enter the market when a new trend starts and to hold your position open until there’s an indication that the trend is ending.
It has been a very busy start to 2017, with a series of new policies and transformations that the US president Donald Trump brought to the market. After scrapping the TPP, banning Muslim immigrants and threatening to “build a wall” on the Mexican border, he finally bought Wall Street a big present – revising the Dodd-Frank Act.