Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TL Staff

MultiCharts

Recommended Posts

Trading Software for Charting, Backtesting and Multi-Broker Automated Trading

 

MultiCharts is an award-winning trading platform. Whether you are a new trader or a professional, MultiCharts has features that may help you achieve your trading goals. High-definition charting, built-in indicators and strategies, one-click trading from chart and DOM, high-precision backtesting, brute-force and genetic optimization, automated execution and support for EasyLanguage scripts are all key tools at your disposal.

 

Vendor is MultiCharts. Strange that you don't have this platform, it won numerous awards on other sites such as Trade2Win.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 7th May 2021. Market Update – May 7 – USD weaker ahead of NFP. Market News Today – USD moves lower, (USDIndex down (0.45%) to 90.80 earlier), EUR and Sterling both bid. Equities all closed higher (new ATH for USA30, USA500 +0.82%) Financials biggest gainers. Commodities tear continues GOLD breaks $1820. 10-yr Yields slip with USD to 1.568%. Asian markets higher on strong data, from JPY (Earnings), CNY (Services PMI & the Trade Balance more than doubled) and NZD (inflation expectations). EUR – rallied to test 1.2070, JPY holds over 109.00 at 109.15, Cable rotates around 1.3900 again after volatile BOE reaction and ahead of Election results. AUD rallied to 0.7790, and CAD moves down from 1.2300 to 1.2140 – a new 38-month low. USOIL peaked at 66.65 [/B]on Wednesday and tested under66.65[/B]onWednesdayandtestedunder65.00 earlier. Gold – major rally to 1820 [/B]first daily close over 200-day EMA (1820[/B]firstdailycloseover200−dayEMA(1796) since mid-February. Commodities remain robust. BTC back down from test 58,000 [/B]yesterday to58,000[/B]yesterdayto56,000 now. European Open – The June 10-year Bund future is down -11 ticks on the day, underperforming versus Treasury futures, which are little changed. In cash markets the 10-year Treasury rate has dropped -0.3 bp to 1.566% overnight, despite markets positioning for a stellar US jobs report, which owes much to reassurances from major central banks that they will be patient on tapering and rates. Stock futures are moving higher, with DAX and FTSE 100 futures currently posting gains of 0.8% and 0.6% respectively. US futures are underperforming, but are also supported with a 0.3% rise in the NASDAQ leading the way. Today – UK construction PMI, US and Canadian labour market reports, ECB’s Lagarde, BoE’s Haldane, Broadbent, Fed’s Barkin Earnings from Adidas, BMW, Credit Agricole, IAG, Siemens. Biggest (FX) Mover @ (07:30 GMT) GBPAUD (+0.34%) rallied from 7-day lows below 1.7830 yesterday to test PP at 1.7900 today. Faster MAs remain aligned higher, RSI 53 & moving higher, MACD histogram & signal line aligned higher but under 0 line. Stochs rising to test OB zone. H1 ATR 0.0016, Daily ATR 0.0117. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 6th May 2021. Market Update – May 6 – GBP in focus ahead of BoE & Elections. Market News Today – USD consolidates, (USDIndex holds PP at 91.25), Equities closed mixed (new ATH for USA30, USA100 down 0.37% as rotation away from tech continues). The AUD fell over 0.5% as China said it will “indefinitely suspend” all activities under the China-Australia Strategic Economic Dialogue. 10-yr Yields held at 1.59%. Commodities tear continues – Copper nudging 10- yr highs. German Factory orders much better than expected. Japan, China and South Korea back to work. Biden agrees to IP waiver for Covid vaccines. EUR – down to test 1.2000 zone (again), JPY holds over 109.00 at 109.30, Cable rotates around 1.3900 ahead of BOE & Elections. AUD held support at 0.7700, back to 0.7745 now and CAD moves down from 1.2300 to 1.2250 zone. USOIL peaked at 66.65 [/B]yesterday tested66.65[/B]yesterdaytested65.00 post inventories – back to 65.70 now Gold –65.70now[B]Gold–1794 following a test of 200hr support at 1775). Commodities remain robust. BTC back to test 1775).Commoditiesremainrobust.[B]BTC[/B]backtotest[B]58,000 yesterday at $57,000 now. Dogecoin – https://www.bloomberg.com/news/arti...-serious-in-latest-crypto-binge?sref=uHY27eog European Open – The June 10-year Bund future is up 11 ticks, U.S. futures are little changed, while in cash markets the 10-year Bund yield is up 1.1 bp at 1.58%. DAX and FTSE 100 futures are currently up 0.01% and 0.13% respectively, U.S. futures are also posting fractional gains after a mixed session in Asia, where rising trade tensions between China and Australia weighed on local markets. Investors will be starting to look ahead to tomorrow’s U.S. jobs report, but today’s local calendar is also quite busy, with BoE and Norges Bank announcing policy, a key local election in the U.K. that could have bearing on Scotland’s relation with Westminister, and a number of data points. Today – BoE & (Norges & CBRT) rate decisions, UK Services PMI, US Weekly Claims ECB’s de Guindos, Schnabel, BoE’s Bailey, Fed’s Williams, Kaplan, Mester. Earnings from Moderna, Rengeneron, ViacomCBS, Peloton, AB Inbev, Continental, ArcelorMittal, ING, Volkswagen, SocGen, UniCredit. Up to 48 million people to vote in UK local elections. Biggest (FX) Mover @ (07:30 GMT) EURJPY (+0.18%) rallied from lows below 131.00 yesterday to test R1 at 131.35 today. Faster MAs remain aligned higher, RSI 55 & moving higher, MACD histogram testing 0 line & signal line aligned higher but under 0 line. Stochs risingto test OB zone. H1 ATR 0.0886, Daily ATR 0.6745. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • As I have been saying for 16 months now... “lies going into the ‘plandemic’ and lies coming out” https://mises.org/wire/why-there-no-correlation-between-masks-lockdowns-and-covid-suppression very briefly, all gov’t/media narratives about the ‘source’ of the ‘virus’ infectivity and infection rates morbidity testing lockdowns masks social distancing the ‘vaccines’ variants are FALSE.  Act accordingly. just sayin’
    • USDCHF Buyers Smash Through Daily Resistance of 0.9150 on Wide Range Strengthening of US Dollar USDCHF Price Analysis – May 4 During the European session, the USDCHF brings the buyers’ interest to the test, with the possibility of a recovery from the downside pressure to crack the sellers’ grasp. As technicals reveal a dominant selling side, buyers smashed through the barrier at 0.9150. The dollar is being boosted by expectations of stronger economic growth in the United States. Key Levels Resistance Levels: 0.9472, 0.9300, 0.9160 Support Levels: 0.9080, 0.9045, 0.8998 USDCHF Long term Trend: Ranging The US dollar remains bullish against the Swiss franc at the beginning of the week, as the pair’s intra-day correction finds buyers at 0.9110 level, up from 0.9104. In a broader sense, the drop from 0.9472 medium-term high is considered the 2nd pattern period since the plunge from a recent high of 0.9901. For the time being, there is no sign that the range will be completed. In continuation, the next goal will be a 138.2 percent projection from 0.9901 to 0.8757 from 0.9472 at 0.9080 levels. A successful break of the 0.9200 resistance level, however, will be an early sign of trend reversal and a change of focus back to the 0.9300 key resistance level for confirmation. USDCHF Short term Trend: Bearish The short-term risk in the USDCHF market appears to be seeking to retain its downside in the 4-hour time frame, in addition, trend signals remain mixed for now, indicating that any price strength may be transitory. Overall, the outlook for USDCHF remains unchanged, and the intraday bias is initially neutral. The trading range starting at 0.9472 is widening. In the event of a steeper fall, the 38.2 percent retracement of 0.9080 to 0.9160 levels at 0.9127 could absorb the downside step and usher in a stronger recovery. Source: https://learn2.trade 
    • USD/JPY Resumes Uptrend as Bulls Targets Level 111.00 Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Bullish Since April 26, the USD/JPY pair has resumed an upward move after falling to the low of level 108.00. Firstly, the Yen has broken above the moving averages which indicates a possible rise of the pair. The pair is currently above level 109.00 but it is consolidating above the current support. USD/JPY – Daily Chart Daily Chart Indicators Reading: The Yen is at level 57 of the Relative Strength Index period 14. This implies the market is in the uptrend zone and above the centerline 50. The pair is above the 21-day and 50-day SMAs which indicates that the currency will rise. The uptrend is currently facing resistance at level 110.00. USD/JPY Medium-term Trend: Bullish On the 4-hour chart, the Yen has risen to level 109.69 but pulled back to level 109.00. Since May 3, the market now fluctuates between levels 109.00 and 109.69. Meanwhile, on April 28 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that the market will rise to level 1.618 Fibonacci extension or level 110.07. USD/JPY – 4 Hour Chart 4-hour Chart Indicators Reading USD/JPY pair is above the 60% range of the daily stochastic. It indicates that the pair is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. General Outlook for USD/JPY The Yen is in an upward move. The uptrend is facing resistance at level 109.69. A rally above level 110.00 is expected if the current resistance is breached. Meanwhile, the Yen is trading at level 109.30 at the time of writing. Source: https://learn2.trade 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.