Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]
How To Trade Different Types Of Trend Lines (Ultimate Guide)
If you’re a beginner trader and started learning more about technical analysis… The first tools you’d probably start learning are support and resistance, trend lines, and indicators such as the moving average. And not surprisingly… The trend line is often the most overlooked as traders dabble more into cool things. But today’s guide will aim […]
USDJPY ping pongs with trend lines in play
USDJPY ping pongs between trend lines The USDJPY – and all of the major currency pairs – is in a volatile up and down range. The earlier move in the US session was a move to the upside where the price stretched above the 50% of the January range at 130.989. However, the price ran […]
JPMorgan, Bank of America beat on top and bottom lines, Bank of New York Mellon misses on revenue
Banks started the earnings season off on solid footing. JPMorgan beat on top and bottom lines for Q4. Bank of America beat EPS consenus by about 10%. Bank of New York Mellon stock fell on a revenue miss. A flurry of banks fired the starter pistol of earnings season early on Friday. JPMorgan (JPM) and Bank […]
Pivot Lines Time Zone Indicator for MT5
Introduction to the Pivot Lines Time Zone Indicator Pivot Point levels are critical levels which many professional traders use, including institutional traders trading for big banks. However, the Pivot Point levels we are using may differ from what they are using. This is because our indicators may be calculating Pivot Points based on different open, […]