USD Index (DXY): Broken through trend line resistance at 0.9561. However, the index is stalling at the 50% pullback level of 96.00 (from 103.82 – 88.25). Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, comm...

2018-08-24 Ian Coleman Read more

Monthly: A bullish ascending wedge has formed on the monthly chart. The pair remains in a bullish phase and we expect dips to continue being bought. The next major resistance is at 0.9306. Prices above that level look for a move towards the 2008 highs at 0.9804. Weekly: The pair looks to have broken out of a falling wedge pattern. Support...

2018-08-09 Steve O'Hare Read more
Pattern

Trading with chart patterns can be one of the simplest ways to find highly profitable trade setups. Despite the ease of trading with chart patterns, there is quite some subjectivity involved which can be a put off for newcomers. While there are many different chart patterns, one of the most commonly occurring pattern is the wedge pattern. Class...

2016-08-17 John Benjamin Read more