Author Archives: Trade Advantage

Oversold financial market awaits news

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Review: Overnight, Chinese export data indicated that China is still on the right track. Over a longer period of time, it is good news that the Asian countries account for a large part of the Chinese exports as it goes to prove that the region as a whole helps to fuel growth. The steep decline in the Japanese GDP gives rise to serious concerns. The figures released overnight showed a 0.9% decline (q/q). The crisis between Japan and China can be reflected in the sub-indices, but it is expected

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Oversold financial market awaits news

The Bund traded higher during Friday’s European session

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EUROSTOXX 50 (Dec 12) INTRADAY Review The event-filled week finished on a downbeat note for the Eurostoxx, with the index losing 1.94% by Friday’s close. The Eurostoxx opened above Thursday’s close on Friday morning but quickly pared the short-lived upside momentum to extend the week’s losses. At the extreme-most point of Friday’s sell-off the Eurostoxx lost 1.77% yet finished the session with a gain of 0.28% as the reversal in the afternoon session prompted the index to erase all of the day’s

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The Bund traded higher during Friday’s European session

NZDUSD Bullish Engulfing Hourly Chart

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Resistance: 0.8181 moderate/0.8217 minor/0.8236 minor Support: 0.8162 strong/0.8126 moderate/0.8107 minor We have a medium credibility pattern Bullish Engulfing in Hourly charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 0.8162, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point. Learn more about the chart patterns and how to recognize them in

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NZDUSD Bullish Engulfing Hourly Chart