Technical Trading: The 3 most important technical indicators for day-trading

Traders must view charts as a way of identifying trading opportunities. The charts will help to recognise what type of market the instrument is in. Investors will find either a strong support and resistance, where the stock is struggling to breach the ceiling and floor. The alternative is a market where the price is steadily moving higher or lower, continually making new highs and no new lows or vice versa.

Asian Markets Advance

Japan’s GDP sent equities higher this morning. Reports showed that Japan’s GDP rose 0.2% in the fourth quarter of 2016. The growth derives from an increase in exports due to a weaker yen however, the data shows that domestic demand is lagging. Japan had a 1% GDP growth for 2016. This suggests that the Bank of Japan will not change its monetary policy in the near future.