Sunday 28 June 2015

Weekend charts

Just to give you a heads up, I will start a subscription service probably towards the end of summer. It will include the usual charts but also a monthly webinar. Mentoring will still be on offer as the webinars will be only to cover in depth analysis, not for educational purposes. It will be an  affordable service and will be well worth your money so no panic. :)
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9 comments :

  1. Zigzagger28 June 2015 at 14:39

    Hi Bouraq, IG do Sunday trading so it can give some insight to what's in store on Monday. FTSE crashed down to 6487 and has recovered to 6580. Currently down 2.6% on Friday's close. DAX is down more than 3.5% from Friday's close and Dow is showing -1.5%. Looks like being a wild ride. Looks like the blue bear flag has gone already and may need to look at an even steeper channel for next week.

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  2. bouraq28 June 2015 at 14:43

    That's wild. Where is EURUSD?

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  3. bouraq28 June 2015 at 14:43

    Now I see. Eur doesn't trade yet.

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  4. Zigzagger28 June 2015 at 14:57

    Yes it's only 3 indices that are traded. I suppose if we do open above 6580 then it's possible the bottom orange channel line of the FTSE could in theory hold but if volatility levels are high it suggests to be prepared for more down.

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  5. bouraq28 June 2015 at 15:27

    In front of this sort of mindless volatility TA is helpless. Markets have changed so much. There is some sort of news everyday which causes larges spikes. As technical traders we need to be prepared to these actions but it needs nerves like steel. :)

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  6. Steve28 June 2015 at 19:22

    Excellent charts as always. Totally agree with your aud analysis. Took my profits on aud when the price wasn't rising as fast as I expected after bouncing off the orange support. My own research (not based on channels) also concurs with the green bottom of both your Dow and aud chsrts so I hope they see some action and we have a good week :)

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  7. Peter28 June 2015 at 22:08

    From cash exchange rates, EURUSD has dropped to 1.10051
    http://www.xe.com/currencycharts/?from=EUR&to=USD&view=1D

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  8. bouraq29 June 2015 at 00:01

    Glad you find it useful Steve. Happy trading and a happy week to you.

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  9. bouraq29 June 2015 at 00:02

    I know. Spot FX opened at 8pm UK time. Not good. All charts are in the bin. Sad day for technical analysis.

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