Tag Archives: Economy

In this brief forex trading course video, professional investor and esteemed writer, Manesh Patel discusses currencies for the week forward applying current market circumstances to show a few of the essentials of the Ichimoku Kinko Hyo support and resistance technique. Using the same strategies which are taught to his forex traders, Manesh utilizes informative and current informative chart illustrations to illustrate how to enter and exit your currency trades. Continue reading →

Last week the S&P successfully tested the 20 day moving average on Monday and broke out Tuesday with the rest of the week spent near Tuesday’s highs. With the US dollar continuing to dive and crude turning up (helping oil production and service companies) the market hasn’t been willing to give back much before the buyers jump in. The only negative has been in interest rates, which have fallen. This generally indicates money flowing out of the market, however in this case it may simply indicate money flowing out of the US Treasury to drive rates lower. Continue reading →

The market has resumed its daily uptrend and in the same move traded above the neckline of a weekly inverse head & shoulders (H&S). The target for the H&S would be the high for the year, while on the daily charts we have resistance from a pivot at S&P 1173, Nasdaq 2425. The Dow is also looking strong, while the Russell 2000 small cap index is lagging. The market strength comes along with weakness in the US dollar, pushed lower by statements from the Fed. Continue reading →