A Break-Out For EUR/USD
FNArena has added another video to its Investors Education section on the website. In this broadcast, ATW's Jerry Simmons zooms in on some recurring patterns for equities. For example, had you noticed markets tend to put in lows for the week on either Monday or Tuesday? In addition, it appears that equities often open a new month on a positive note. Simmons considers equities are in a bull market, so the opposite holds true in bear markets. He also advises it is probably best if investors consider both EUR/USD and the USD Index in tandem, as both function as opposites of each other. Right now, Simmons' analysis shows EUR/USD is probably poised for a Big Breakout, but into what direction will it be? Note that a breakout for the USD Index above 75 would be considered a significant event. AUD/USD is trading inside 1.08 and 1.04 and that's how Simmons believes traders should treat future opportunities: bearish if 1.04 is broken to the downside and bullish when 1.08 gives in. Copper is still looking towards a well-defined resistance zone at US$4.48-4.55 A break below 4.20 would be a bearish signal.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=44
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the "Masters" Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index4.cfm?type=dsp_front_videos)
About ATW Australia Founded in June 2010, ATW Australia is a "one-stop-shop for all a trader needs to succeed": quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality 'Made in the USA' specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
Technical limitations
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