August 1, 2017
Trade Deficit
What is trade deficit? It is the amount by which the cost of a country’s imports exceeds the value of its exports. A trade deficit represents an outflow of domestic currency to foreign markets.
United States for the past few decades has been reported trade deficit. This means that large amounts of US dollar are being held by foreign nations.
What is the 2017 Trade Deficit?
Thing may start to change, a key reason of trade deficit is the import is larger than the export. If Trump makes in America is realize; produce in US. The export will increase, there is a possibility the trade deficit for decade may begin to reduce. Will See.
^NYA NYSE Composite Index and Support Resistance
See chart for more, picture worth a thousand words.
When a same level, such as high or low of the months, the level must be strong. See chart we see strong resistance, strong support.
Resistance turns support, and the price action bounce up. NYA is like walking up the stairs, keep forming higher high and higher low.
August 1, 2017 NYSE Composite and Support Resistance
So, What’s Next?
So, what is all these meant to a trader? As a trader we look for buy or sell. So, with the above chart, we understand the market confident. To obtain buy low and sell high, we will wait, wait for pa to pullback before we enter the market.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.