Monthly: The pair is seen trading within a bearish channel formation. Trendline resistance is seen at 1.2576. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. There has been little net change for the last two months as we hold within the lower half of May’s (2018) trading range. [shortcode-variables s...

2018-08-10 Ian Coleman Read more

Monthly: EURCHF 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. June and July posted indecisive Inside Bars with all trading in the lower half of the May candle range. Marabuzo resistance (mid-point from the open and close) is ...

2018-08-14 Ian Coleman Read more

Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. [shortcode-variables slug="learn-forex-basics"] Weekly:  Looks to be forming a bearish Head and Shoulders pattern. A break of 11621 (neck...

2018-08-30 Joe Neighbour Read more

Monthly: For the last 83 months, the USDCHF pair has held within a bullish channel formation. Levels close to 1.0380 continue to cap buying.  A full AB=CD formation would push the pair to 1.1450. We have seen spikes in both directions for the last three months, highlighting indecision at current levels. The psychological 1.0000 (Big Figure) cont...

2018-08-15 Ian Coleman Read more

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 (108 months of mixed trading).  Ichimoku Cloud resistance is seen at 1.4092. Marabuzo resistance from last month’s price action is located at 1.3365 [shortcode-variables slug="learn-forex-basics"] ...

2018-08-17 Ian Coleman Read more
Tricks of the trade_Head and Shoulders pattern

In the previous article, Tricks of the trade – The Head and Shoulders pattern, Part 1, we look at how a few simple tweaks can increase the hit rate when trading the head and shoulders pattern. In this second part, we look at some advanced techniques which can alert you in pre-positioning your trades long before the rest of the crowd. A with a...

2017-02-01 John Benjamin Read more
GBP

The EURGBP or the Chunnel has seen a wild ride in 2015. The Euro initially declined against a fundamentally stronger British Pound back when speculation mounted that the ECB would do more at its December policy meeting. However, falling short of expectations, the Euro has staged an impressive rally against the British Pound. In fact, at the time...

2016-01-07 John Benjamin Read more