Chart to Watch - EURUSD

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the EURUSD Forex pair (EURUSD).

I hope you are having a GREAT week !!!

The EURUSD is moving higher, so let's take a look at the EURUSD chart this week.

With Forex we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing. With the recent big move higher, the monthly Trade Triangle is green and that is added confirmation that the EURUSD, might continue higher from here.

The MarketClub score of +100 is bullish and the MACD is on a buy signal, so all systems are GO for higher prices. Continue reading "Chart to Watch - EURUSD"

Chart to Watch - CSCO

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Cisco Systems, Inc. (CSCO).

I hope you are having a GREAT week !!!

This week I have, what looks to be, a Hot Stock Chart for you !!

CSCO was in a strong up trend, started consolidating, and then made a big gap up, which means supply over took demand in a big way which is bullish.

CSCO was on a daily and weekly green Trade Triangle before the gap up (daily and weekly Trade Triangles not shown on chart) and put in a monthly MarketClub Trade Triangle on the gap up which is more bullish action. Continue reading "Chart to Watch - CSCO"

Chart to Watch - EURGBP

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Coffee. (EURGBP).

I hope you are having a GREAT week !!!

This week let's take a look at the EURGBP.

When trading Forex we use the weekly MarketClub Trade Triangle for trend and the daily MarketClub Trade Triangle for timing. Continue reading "Chart to Watch - EURGBP"

Chart to Watch - Coffee

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Coffee. (KC.N13.E).

I hope you are having a GREAT week !!!

Coffee could be turning bullish, so this week let's take a look at the Coffee Chart.

With Futures we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing.

Coffee put in a weekly green Trade Triangle on what looks to be the breakout to the upside of the base. Continue reading "Chart to Watch - Coffee"

Chart to Watch - EURUSD

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the EURUSD Pair. (EURUSD).

I hope you are having a GREAT week !!!

The EURUSD looks to have made a double top, which was probably a counter trend correction, and is breaking out to the downside.

When counter trend corrections are over, it will normally lead to a big move back with the main trend, so odds are that if the EURUSD continues lower it could be a big move. Continue reading "Chart to Watch - EURUSD"