Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. The Ichimoku Cloud stalled rallies on three occasions in 2017. Strong selling pressure in February has left a Marabuzo level at 85.36 (half the nett losses from 87.94 to 82.78) Weekly: Holding within a bearish channel formation. We have ...
Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. Swing low (previous support) is located at 1.1447 Weekly: Mixed trading for the last 41 weeks has resulted in an Expanding Wedge formation being posted...
Monthly: Three consecutive positive monthly bars. Broken out of the wedge formation (yellow) to the upside. Reverse trend line support is located at 0.9895. The trend of higher highs (from 2012 and 2015) is currently located at 1.0600. With bespoke resistance located at 1.0680, this is our long-term target zone. Weekly: Broken out of the...
Monthly: Posted a bearish Outside Month in March. This pattern often highlights the top of a trend and the start of a new downward bias. The Marabuzo level (mid-point from open and close) is located at 132.76. Price action in April has seen sellers emerge above this level. Weekly: A 261.8% extension level from the current trend (137.55-12...
Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2583. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attract sellers. We trade to the lowest level in 5 months Weekly: After posting a bearish Outside Week (week 16th April) the major currency pair has broken the Ending Wedge f...
Technical Monthly: Price action continues to push for higher levels within a bullish channel. A morning star formation backs the bullish theme and we expect the upside to accelerate on a break of all-time highs. Weekly: 7 consecutive bullish candles on the weekly chart as focus remains on higher levels. Pull-backs are expected to find...
In this session James Harte will be taking a look at the Top Technical Trading Patterns that he uses. As one of the most important forms of technical analysis, Chart patterns are of massive use to traders. So, by learning to properly identify these structures, you can get a great edge in the forex market. During this session James will outline s...
Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation. Ichimoku Cloud resistance is seen at 1.4092 Weekly: For the last 92 weeks we have held within a bullish channel formation. The trend line resistance is currently located at 1.3945. Bespoke resistan...
Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. $1300 continues to act as strong support. A clear break of $1370 is required to confirm the formation. Weekly: A possible AB=CD formation has a measured move target of $1450. Evidence of a rectangle formation with support at $1...
Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2583. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attract sellers. We trade to the lowest level in 5 months Weekly: After posting a bearish Outside Week (week 16th April) the major currency pair has broken the Ending Wedge f...
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