Thursday 30 July 2015

Trade Exxon Mobil Shares With Low Commissions






The Exxon Mobil Corporation (NYSE:XOM) will release their second quarter financial earnings tomorrow, 31st July 2015 at a press release that will be available at their website.

Whatever their results, ordinary traders can use this opportunity to trade the stocks of major companies like Exxon Mobil in the NYSE stock exchange. The competitive online broker ActivTrades provides the opportunity to do this with very low commissions.

Don't miss your chance to make a profit! For further information please follow this link.

The USD/CAD Bullish Trend Continues?




The USD/CAD consolidation may be over because the pair formed a hammer candlestick above the support at 1.2920 on the daily filter chart and the pair moved to the upside again. It is currently testing the resistance at 1.3050. Should it manage to break above that resistance the pair will probably continue rising towards the previous high, which is at 1.3100 and is also a considerable level of resistance, but if the pair manages to break above it I think we can safely conclude that the bullish trend will continue.

Wednesday 29 July 2015

GBP/USD Is Climbing Slowly





GBP/USD repeatedly tried to break below the support at 1.5470, failed to do that, formed a hanging man and a marubozu candlesticks above the support and finally started moving to the upside again. Currently the pair has almost reached the resistance at 1.5700. Should it manage to break above that level it will likely continue climbing towards the next resistance level, which is at 1.5750 and coincides with (89)MA on the weekly filter chart. I, personally, think it is quite possible for it to break above that resistance too so the bullish trend can continue.

Monday 27 July 2015

EUR/USD Still Consolidating




EUR/USD bounced off the support at 1.0800 and once again moved to the upside, testing the resistance at 1.0970 for a while before finally breaking above that level today. The pair climbed over 160 pips for less than a day and even broke above the resistance at 1.1080 that coincides with the (MA)89 on the daily filter chart. The pair is likely headed for the next resistance level at 1.1170, although if it breaks above it we can probably expect it to continue climbing much higher than that. That said, for now EUR/USD remains in consolidation.

Friday 24 July 2015

NZD/USD: Doji Candlesticks On The Daily Filter Chart




For a long moment there yesterday it looked like NZD/USD had actually broken above the resistance at 0.6660 and was about to head for the next resistance at 0.6780. The breaktout proved to be false, however, and the pair formed a doji candlestick right under the resistance level visible on the daily filter chart. Considering that was the second doji candlestick formed there together with the overall bearish trend, the move to the downside afterwards came as no surprise. The pair is once again headed for the support level at 0.6500 and should it break below that level the bearish trend will continue.

Thursday 23 July 2015

The Greek Parliament Passed Another Set Of Reforms




The Greek parliament just passed another set of crucial reforms so the negotiations for an €86bn European Union bailout can begin.
The reforms include changes to Greek banking and an overhaul of the judiciary system.
Thousands demonstrated outside of parliament as the bill was debated, with protests briefly turning violent as petrol bombs were thrown at police.
There had been fears of a rebellion by MPs but Greek Prime Minister Alexis Tsipras was easily able to muster the support required. In total, the measures received 230 votes in favour and 63 against with five abstentions.
The debate ended at 04:00 local time (01:00 GMT).
Among those who voted against were 31 members of his own Syriza party. However, this represents a smaller rebellion than in last week's initial vote.
Former Greek Finance Minister Yanis Varoufakis was one of those rebels in the first vote who returned to vote with the government this time.
Mr Varoufakis wrote that he felt it was important to preserve the unity of the government, even if he believed the programme was "designed to fail" by Greece's creditors.
Speaking before the vote, Mr Tsipras stressed that he was not happy with the measures that creditors had imposed.
"We chose a difficult compromise to avert the most extreme plans by the most extreme circles in Europe," he told MPs.
Representatives of the European institutions that would provide the bailout funds will begin negotiations in Athens on Friday.


Wednesday 22 July 2015

The NZD/USD Bearish Trend Continues?




NZD/USD failed to break above the resistance at 0.6660 and moved to the downside again. The pair is currently testing the support at 0.6560, visible on the four-hour filter chart. I would say that currently the situation is pretty uncertain as the pair is still consolidating and that it might still try to break above the resistance at 0.6660 even though it is currently attempting to move to the downside. Personally, I will refrain from opening new short positions before I see NZD/USD break below the previous low, which is at 0.6497 as there is a very clearly formed double bottom on the four-hour filter chart.

Tuesday 21 July 2015

NZD/USD: The End of The Bearish Trend?




The bearish NZD/USD trend has lasted for quite a while now. Opening short positions seemed to be a safe way to make profits. However, Forex trading can occasionally throw you a curveball and that is pretty much what happened here too. NZD/USD formed a pair of spinning tops above the support at 0.6500 and the pair started climbing. It has almost reached the resistance at 0.6665 and should it break above that resistance it might continue towards target 0.6840. All that does not necessarily mean that the bearish trend is over – as you can see on the screenshot above there have been such movements to the upside before and they were just temporary setbacks on the way down.

Saturday 18 July 2015

Will EUR/USD Continue Falling?




EUR/USD tested the support levels at 1.1000 and 1.0900 for quite a while, but the pair finally managed to break below both and continued dropping, even though the Eurozone and the Greek government reached an agreement. This move to the downside is only just beginning, I think, and we can expect the pair to drop even further in the coming weeks. The first target is 1.0550, which is a significant support level visible on the weekly filter chart. Should the pair not form a double bottom there and bounce off the support we can expect it to fall even lower, perhaps even heading for parity once again.

Thursday 16 July 2015

Working with Stop Losses and Take Profits Webinar




I have been a trader for quite a while now, and I have noticed that sometimes it is more difficult to decide when to close a position than to decide when to open it. Most traders struggle with these decisions, and those who don’t really understand how to use Stop Losses and Take Profits have an even harder time doing it.

Today the competitive online broker ActivTrades will hold a webinar led by a professional trader who will explain to you how to use Stop Losses and Take Profits so you can improve your risk and money management when you trade.

Wednesday 15 July 2015

USD/JPY: The End Of The Correction?





After its last rally USD/JPY went into a correction that has lasted for the past five weeks, but it appears that the correction may finally be over. The pair formed a doji candlestick above the support at 121.70 on the weekly filter chart and started moving to the upside. It is currently headed for the resistance at 124.40, visible on the daily filter chart. Should it break above that level it will likely continue towards its previous high at 125.85 and should it manage to break above that level I think we can expect another rally towards 128.80.

Tuesday 14 July 2015

GBP/USD Is Moving To The Upside





GBP/USD failed to break below the support at 1.5350, formed a doji candlestick on the daily filter chart and slowly started climbing, breaking above the resistance at 1.5600 after testing it for a while. What is more, the pair formed a hammer candlestick on the weekly filter chart, right above the support at 1.5450. Under these circumstances I think that the pair will continue to move to the upside for now, heading for the resistance at 1.5760, and should it manage to break above that resistance it will likely continue climbing towards the previous high at 1.5930.

Monday 13 July 2015

There Will Be No Grexit




The Greek drama – or should I say, soap opera – is finally winding down after months and months of negotiations between the two sides. There will be no Grexit – Greece and the Eurozone finally struck a deal. That said, the aforementioned deal offers worse conditions than the ones Greece received before the ill-fated and ultimately irrelevant referendum. Not to mention that it is conditional on the reforms that Alexis Tsipras has to rush through parliament by Wednesday.

Apart from the sharp drop of the EUR/USD the market’s reaction to this news wasn’t as enthusiastic as I thought it would be, but the good news is that maybe now things might start returning to normal.

Saturday 11 July 2015

Good News?




Today the Greek parliament voted to accept the economic reforms that Tsipras’ government rejected recently and which the Greek people rejected even more recently. Now the ball is back in the Eurozone’s court. Should they accept Greece’s plans, which they are likely to do, the two sides will finally reach an agreement and Greece will not exit the Eurozone and abandon the Euro.

The silver lining is that this news will probably have a positive effect on the market. Unless something dramatic happens tomorrow, I suspect that that we will see a large upside gap on the EUR/USD chart when the market opens on Monday and that the pair will likely continue to climb afterwards.

Friday 10 July 2015

What Was The Point Of the Referendum?




The Greek government held a referendum regarding the bailout and the Greek exit from the Eurozone last Sunday, the Greek people voted a resounding “No”, and yet the latest reports show that that Greece has submitted "thorough" proposals, aiming to get a third bailout to avoid an exit from the Eurozone. More importantly, these proposals contain many elements that were rejected on the referendum last Sunday, but Tsipras will put said plans to a parliamentary vote on Friday. Clearly Tsipras and his government aren’t about to listen to the will of the Greek people, even though they paid millions and millions of euro, despite being broke, to hold a referendum which turned out to be pretty pointless in the long run.
Either way, everyone seems to be hoping to strike a deal on Saturday and that means that we can expect further volatility on the market on Monday.

Thursday 9 July 2015

GBP/USD: A Temporary Setback?




Yesterday I was convinced that GBP/USD has broken below the support at 1.5360 and will continue on its way down to 1.5250, but the pair unfortunately returned to its previous levels above the aforementioned support. These things happen occasionally and I’ll be the first to admit how annoying it is when they do. Not to mention that the pair seems to have formed a double bottom on the one hour filter chart. That said, I think that even if GBP/USD moves to the upside that move will be temporary and it will test the support at 1.5360 sooner or later.

Wednesday 8 July 2015

GBP/USD Broke Below 1.5360




GBP/USD continued on its way down after the Greek referendum and today it finally reached the support at 1.5360, visible on the weekly filter chart. I had my doubts whether or not it will be able to break below that level, but it did so almost effortlessly and is currently still descending. Under these circumstances I can only conclude that the pair will likely continue to descend until it reaches the support at 1.5250, also visible on the weekly filter chart. Time will tell whether or not the pair will be able to break below that level as well, but should it do so I will likely start considering opening some long-term short positions.

Monday 6 July 2015

The Market Survived The Greek Referendum



The Greek referendum happened yesterday, the Greek people voted “No”, and yet so far the apocalyptic predictions about the result of that vote have not come true.
Global stock markets proved resilient on Monday despite Greece's shock rejection of the terms of an international bailout.
While US, European and Asian stock markets all fell, the market reaction was much more muted than analysts had expected.
In the US, the main indexes were all down about 0.3% by lunchtime, while London's FTSE 100 slipped 0.76% and Japan's Nikkei index fell more than 2%.
The euro also lost ground.
It slipped 0.4% against the dollar to $1.1071 and 0.6% against the pound to 70.9 pence.
Meanwhile, France's Cac 40 dropped 2% and Germany's Dax lost 1.5%.
"Markets have yet to be convinced in full either that the [Greek] exit door will be open or that the extent of any contagion from this could be irreparably damaging to the system," said Neil Williams, chief economist at Hermes Investment Management.
In early bond trading, the reaction was similarly soft. The interest rate on German bonds fell slightly as investors rushed into perceived safe haven assets, while yields on Italian, Spanish and Portuguese government debt ticked higher.
Greek bonds have not been traded on regulated platforms since last Monday,but indicative prices suggested the yield on two-year bonds would be 49.77%,with the yields on 10-year bonds at 17.4%.

Friday 3 July 2015

When Your Broker Does The Right Thing




As we all know by now, the Greek referendum is on Sunday. Whatever the result of the referendum, the intense effect it will have on the market is undeniable. With this in mind and with the intention to protect their clients the competitive online broker ActivTrades might temporarily increase the marginrequired probably by 4 timesin all the following instruments as of Friday 3rd July 2015 at 17:00 CET:

FOREX: EURAUD EURCAD EURCHF EURGBP EURHUF EURJPY EURNOK EURNZD EURPLN EURSEK EURSGD EURTRY EURUSD
INDICES: Blg20Jul15 Bra50Aug15 Esp35Jul15 Euro50Sep15 Fra40Jul15 Ger30Sep15 GerTecSep15 HKIndJul15 Ind50Jul15 Ita40Sep15 Jp225Sep15 Neth25Jul15 Nor25Jul15 Swi20Sep15 UK100Sep15 Usa500Sep15 UsaIndSep15 UsaRusSep15 UsaTecSep15 UsaVixJul15 USDIndSep15 
FINANCIALS EuBblSep15 EuBundSep15 EuStzSep15 UsaTBSep15 UsaTNSep15
METALS: Gold, Palladium, Platinum, Silver 


ActivTrades took the same measure to protect their clients during the drama with the EUR/CHF back on 15th Jan 2015 and it worked very well.

Thursday 2 July 2015

ActivTrades’ Pivot Points Indicator



Traders often use various indicators to help them make their trading decisions. Some indicators are good, others – not so much. The competitive online broker ActivTrades is offering their clients the excellent, reliable Pivot Points Indicator, which has been developed for both MT4 and MT5 platforms with three levels of support and resistance.




For example:

The lines displayed on the chart represent the Pivot Point (Orange) as well as Support and Resistance levels (Dark Blue, Maroon and Green). If the price is above the Pivot Point, the market is usually considered as bullish, whereas price below the Pivot Point is usually seen as a bearish market. Supports and resistances help determine potential reversals levels of the current market trend.

Pivot point (PP) = (High + Low + Close) / 3

Support and resistance levels are then calculated off the pivot point as follow:

First resistance (R1) = (2 x PP) - Low
First support (S1) = (2 x PP) – High

Second resistance (R2) = PP + (High - Low)
Second support (S2) = PP - (High - Low)

Third resistance (R3) = High + 2(PP - Low)
Third support (S3) = Low - 2(High - PP)


Wednesday 1 July 2015

GBP/USD Finally Broke Below 1.5660




GBP/USD spent the past few days consolidating, but earlier today it finally broke below the support at 1.5660 and kept descending all day. I think the pair is headed for the next support level visible on the daily filter chart, which is 1.5430. However, between the US Non-farm payrolls tomorrow and the Greek referendum on Sunday the future seems more and more uncertain with every passing hour. I don’t know about you, but I intend to close all my positions and sit quietly until the storm passes.