Orange juice, the refreshing thirst quenching drink which is enjoyed across all ends of the globe is a tradable futures product which you can trade through a wide range of brokers. It’s actually a product which has a significant amount of liquidity which can be seen in the smooth price action of its charts. So is it a chart which is currently ripe of the picking? Let’s run through some simple price action analysis in order to draw our own conclusions. Orange juice has been increasing in price over the last five months. This may have been driven by a reduction in OJ supply as a result of droughts in Brazil over the summer. Regardless of what the fundamental reason for the price increase is, all we need to be concerned with is what the charts are telling us. Starting with the OJ daily chart below, we can see how orange juice has been trending upwards since May when price was 130. From May – July we had steady price...Read Now
Its Central Bank Week! In this week’s free newsletter, Tamar Mehr discusses the potential effect of high impact economic events on several Forex markets, analysing the current price action and potential reactions to strong levels of support and resistance. How to Learn a Simple 6 Step Trading Strategy runs on: Tuesday, 20 September, 2016 @ 7pm Sydney, 9pm Auckland, 5am New York, 10am London How to Learn a Simple 6 Step Trading Strategy runs on Tuesday 20 September, 2016 @ 7pm London, 2pm New York, 4am Sydney Next Day, 6am Auckland Next...Read Now
Watch this week’s market commentary videos where the Trade With Precision team provide a market outlook for the week ahead. The analysis of the currency markets focuses on the ICE U.S. Dollar Index® futures contract (DX) and the emerging market equities analysis focuses on the Mini MSCI Emerging Markets Index futures contract (MME). . Currency Market Commentary: MSCI Emerging Markets Commentary: Click here to register for one of the many free live trading webinars that Trade With Precision offers. Regards, The TWP Team www.tradewithprecision.com Follow Trade With Precision...Read Now
Scanning through countless charts looking for trades is, for many people, one of the most unappealing aspects of trading. It’s time consuming, it’s hard work and it can get confusing at times. So, we have come up with a solution. TWP is proud to announce the official launch of a brand new product: MarketTracker.
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