Will GBPJPY drop to 143.3?
Dec 15th
Currently trading 144.45 with a downward trend. Expected high has just been hit (144.5). Expecting the newly created bearish channel to now continue to 143.35. We placed this trade lastnight at 143.85 (sell) with s/l at 144.9 and t/p at 143.35.
Sam Seiden Training Videos on fxstreet.com
Dec 14th
Sam Seiden from the Online Trading Academy has posted some fantastic trading videos on fxstreet.com
Sam’s videos on fxstreet are located here
Sam uses a simple trading strategy, that I have adopted with good success.
EURCHF to drop to 1.507
Dec 14th
Currently trading at 1.512 with a continuing downward trend. Although choppy currently, we would expect this pair to move to early December lows of 1.507.
GBPCHF to drop to 1.6640
Dec 14th
GBPCHF has a downward trend developing. Expect it to drop to 1.6640 (currently trading at 1.677).
Is NZDUSD going to go Up or Down this week?
Dec 14th
Currently NZDUSD is trading sideways, and with a new downward trend developing. We expect NZDUSD to drop over the coming week. Currently NZDUSD is trading at 0.724, our expectation is that it will drop to 0.7070
Is GBPUSD going to go up or down this week?
Dec 14th
Our bias is to Up, however, currently this pair is trading sideways. Our expectation is that it should go up to 1.6650 (currently trading at 1.622)
Trading Tip Number 1
Dec 14th
Here’s a simple trading system using only a 50 or 20 Moving Average (Exponential biased if you like) and a stochastic or CCI oscillator as it’s signal.
In an uptrend – defined by MA(E) 20 or 50 take only oversold reading (from an oscillator such as CCI or Stochastic) as a buy signal (can use the next overbought reading as a stop of trade if you like)
In a downtrend – defined by MA(E) 20 or 50 take only overbought readings as a sell signal (can use the next oversold reading as a stop of trade if you like)
USDCAD looking for a drop to 1.03
Dec 14th
After some intense rallying last week up to 1.084, usdcad is again continuing it’s downtrend (visible on the hourly chart) to the 1.03 support region.
Last weeks rally up was aided by better than expected US data. This weeks continuation of the down trend has been driven by strong cad data as well as an increase in Oil demand (of which cad is a big producer).
While 1.05 is not passed, we expect this pair to remain bearish until yearly lows are hit at approx 1.03 region.
Welcome to Morton Equities
Dec 12th
Welcome to our New Website for Morton Equities. We’ve decided to make it pretty simple. We will also be using it to collaborate internally.
Morton Equities is a Private Equity Firm based in Sydney NSW Australia.
