Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.
All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.
Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).
Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.
Romanian Market. This is a section dedicated to Romanian stocks and indices.
Friday, February 8, 2013
Thursday, February 7, 2013
In the majority of the time APPLE over-performed SAMSUNG but in the last five months the decline in the APPLE shares reversed the ratio.
I wonder if this is a sign of reverse in the investor's sentiment regarding the two largest tech companies in the world. If APPLE will fail to amaze its fans in 2013, than buying SAMSUNG shares could be the perfect investment for those who want to keep their money in this sector.
Tuesday, February 5, 2013
- AAPL at $437.00 ( http://markettechnicalview.blogspot.ro/2013/01/apple-technical-analysis.html )
- GRPN at $5.13 ( http://markettechnicalview.blogspot.ro/2013/02/groupon-time-for-rally.html )
Monday, February 4, 2013
The daily chart of the EUR/USD cross reveals a bunch of clues for a mid-term reversal.
The strength of the Euro from late July until now has evolved in 3 waves (ABC structure) and it almost reached the 61.8% Fibonacci retracement of the May 2011 - July 2012 swing down.
Moreover, there are 3 AB=CD scenarios on different time scales (blue, red and green lines on the chart) that are projecting the target in the same area 1.3655 - 1.3770.
In Friday's session the price formed a spinning top candle and today it seems that the bears are dominating. In case the EURUSD cross will close the day somewhere below 1.3600 level, than a bearish engulfing pattern will be created and we should look for a reversal.