Since late March, AUDUSD(CME:ADZ4) has been trapped in a tight range between support at .9200 and resistance at .9500. Over that time period however, the price action has carved out a large head-and-shoulders pattern.
The world of technical analysis is complex, but with a working knowledge can be applied to virtually any market. Here we introduce you to 10 important rules of technical trading first described by technical trading legend John J. Murphy.
One indicator is good, but two working together is better. By combining different indicators, the whole is greater than the sum of its parts.
Market Pulse for July 5, 2011
Market Pulse for Dec 5, 2011
Robert McCurtain reviews the current technical condition of the stock market and updates the CPFL
Using an options risk reversal spread trade to take advantage of a possible reversal while not fighting the overall trend
Using MACD applications to initiate stock trades
Current corn, soybean and wheat trends
The technical analyst seeks tools that are independent of any particular market or time frame. You don’t need to modify your indicators to work with other markets. You just need to make them robust. Here’s how.