FYI | Jun 24 2011
FNArena has added another video to its Investors Education section on the website. This latest ATW broadcast was compiled ahead of the FOMC meeting but still offers technical insights into support zones, consolidation patterns and potential break-outs.
Amongst the highlights in the broadcast are:
– EUR/USD's key resistance is situated in the 1.427-1.433 zone
– The situation for crude oil in particular looks very interesting. The DPTL zone is at 93.50-94.50. The next DPIT support zone is at 87.50-88.00 while resistance seems to be at 96.00-96.50.
– The sideways pattern for AUD/USD is a typical set-up for a break-out, probably to the upside which then raises the question whether we are going to see a classic blow off top?
– Interesting times for gold as well, with strategic support zlocated at 1510-1520, so any confirmed breakout below 1510 should send this market significantly lower. Lower level DPTL at 1500-1505. Key area to watch would also be a breakout above 1560
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index4.cfm?type=dsp_front_videos&vid=41
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 https://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
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.
