According to marketkolor.com, their analysis suggests that Support/Resistence Trading strategies would likely be most successful at present. Support is where the price tends to stop falling, and resistance is where the price tends to stop rising. There are different types of support and resistance, such as minor and major (strong). Traders expect minor levels to...
According to marketkolor.com, Bollinger Bands help to determine the current volatility being experienced. BTCUSD confirms its uptrend and deviation away from Middle Band. Look for continued upside towards the Upper Band. The Upper Band should act as resistance and a potential reversal zone if move is opposite to primary trend else we should expect continuation of...
marketkolor.com analysis suggests that Support/Resistence Trading strategies would likely be most successful at present. Support is where the price tends to stop falling, and resistance is where the price tends to stop rising. There are different types of support and resistance, such as minor and major (strong). Traders expect minor levels to be broken, while...
According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. Support and Resistance levels are of utmost importance. They are used to determine possible continuation and reversal points. These points assist in forming patterns which aid in forecasting the next move in the price action. BTCUSD speaks a short...
According to marketkolor.com, MACD is an oscillator that assists in determining extreme moves. The MACD Difference reflects divergence from ETHUSD price action. The MACD Difference confirms potential downside while the price action has not reacted yet. Look for the price action to follow the downside reflected in the MACD Difference.
According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. EURGBP has sustained multiple closes below it’s 0.8716 Support/Resistance level. This level should now act as new resistance to the price action. Look for continuity to the downside but be careful of a subsequent break of this new resistance level...
According to marketkolor.com, the Market Kolor Oscillator (MKO) is a genetically weighted neural network market indicator. It accesses and adjusts for current trading conditions and determines an overall signal and a corresponding conviction weight. The MKO is currently indicating a low conviction sell signal. Remember, 1.25 is a significant resistance level.
According to marketkolor.com, Stochastic analysis helps to determine the strength of continuation in the trend.EURUSD Stochastic lines have recently developed an uptrend. This implies that price action is constantly gaining momentum. Look for further confirmation of upside in price.
According to marketkolor.com, Bollinger Bands help to determine the current volatility being experienced. GBPJPY confirms its downtrend and deviation away from Middle Band. Look for continued downside towards the Lower Band. The Lower Band should act as support and a potential reversal zone if move is opposite to primary trend else we should expect continuation of...
Developed by Wilder, ATR gives a feel of what the historical volatility was. According the marketkolor.com, EURGBP has an ATR line whose value is less than average. This suggests the price action is experiencing less than average volatility. Look for confirmation of decreased volatility and adjust trading strategies accordingly.
According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. GBPUSD has sustained multiple closes below it’s 1.2497 Support/Resistance level. This level should now act as new resistance to the price action. Look for continuity to the downside but be careful of a subsequent break of this new resistance level...
According to marketkolor.com, analysis suggests that Volatility Trading strategies would likely be most successful at present. With market volatility proving critical for trader profitability, it is important to understand how it is relevant and how to trade it. The key factor is how rapidly prices are moving. The speed or degree of change in prices is called...
RSI is used to determine overbought and oversold conditions. According to marketkolor.com, EURGBP has a RSI line that has recently developed an uptrend. This implies that price action is constantly gaining momentum to the upside. Look for further confirmation of upside in price.
Candle sticks assist in determining continuation and reversal in a trend. According to marketkolor.com, EURUSD has developed the Bullish Hammer candlestick pattern. This is a bullish candle stick pattern. Look for confirmation of upside in the price action. Pivot Points work well with Candle Patterns in determining potential price targets.
Stochastic helps to determine the strength of continuation in the trend according to marketkolor.com. EURCHF Stochastic lines have recently developed an uptrend. This implies that price action is constantly gaining momentum. Look for further confirmation of upside in price. Look to enter a long around the 1.055 level. For more insight visit marketkolor.com
According to marketkolor.com, ATR gives a feel of what the historical volatility was. AUDCAD has an ATR line whose value is less than average. This suggests the price action is experiencing less than average volatility. Look for confirmation of decreased volatility and adjust trading strategies accordingly. Marketkolor.com indicates that trend trading strategies...
According to marketkolor.com, the Average Direction Index depicts a presence or absence of a trend. AUDUSD has an ADX line that has developed a new down trend. This suggests that the current trend in price action is growing weaker and unclear. Look for continued downside in the ADX line and an equivalent weaker and unclear trend in price action. However, 0.687 is...
According to marketkolor.com. Support and Resistance levels are natural turning points used to determine corrections. Support and Resistance levels are of utmost importance. They are used to determine possible continuation and reversal points. These points assist in forming patterns which aid in forecasting the next move in the price action. EURUSD speaks a short...