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The Falling Wedge: The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range...
There's not much movement going on with the EURUSD right now, but, if anything, we are looking to go short. Once again it reverses from the support turned resistance zone and also somewhat of a movement along the trend line...
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. Prior Trend: In order to qualify as a reversal pattern, there must be a prior trend to reverse...
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. However, this bullish bias cannot be realized until a resistance breakout. Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse...
In accordance with the structure, the pair reached the first goal in 52 rubles. Hence there might be a short-term correction in the area of 50 rubles...
On Monday the Russian central bank was reported to be active in the currency markets as it sought to restrain what seemed like the biggest one-day fall in the ruble since the debt default of 1998. It is understandable why Moscow backtracked...
The last month of the year will be full of data points: a critical ECB decision where QE is on the cards, and a full build-up to the Non-Farm Payrolls report. An Aussie rate decision on Tuesday followed by Aussie GDP on Wednesday will see if that 0...
D1 price is on primary bullish for trying the breakout on open D1 bar: The price is breaking triangle pattern for uptrend Nearest support level is 116.33 Nearest resistance level is 118.97 W1 price is on primary bullish since the end of October after the secondary correction...
As oil prices drop to more than four-year lows, analysts are slashing their forecasts, with some predicting it could plunge as much as 40 percent to around $40 a barrel...
D1 price is on primary bullish market condition with ranging between 1.2599 resistance and 1...
The world’s biggest mining company BHP Billiton Ltd. considers there will be no slowdown in the drive by global iron-ore producers to boost production even as prices slump...
D1 price is on primary bearish with secondary breakdown. W1 price is on primary bearish with ranging between 1131.93 support and 1255.10 resistance levels. MN price is on bearish market condition for trying to break 1161.17 support for the bearish to be continuing. If D1 price will break 1207...
US Dollar Forecast - Dollar Ready to Take Advantage of Market Unease But Rates at Risk Until the market can close its disparate view for the timing and pace of rate hikes to that of the Fed or the Primary Dealers, premium will start to waver...
The Ascending Triangle: The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as a continuation pattern as the bulls gain more and more control running up to the top resistance line of the pattern...
The future does not look too bright for any non-USD currencies. The US Dollar is regaining its strength once again sending several gaps in its favor. NZDUSD in particular caught our attention due to its support failure on all the fibonacci retracement levels. The price just broke through the 61...
As a major reversal pattern, the Head and Shoulders Bottom forms after a downtrend, and its completion marks a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower...
In this article I will provide my view on the EUR/CAD, AUD/USD, AUD/NZD and USD/CAD . These are the pairs that I am currently interested in or was interested in last week for trading with the Hybrid Grid strategy...
On Thursday, I made the assumption that the US stock market correction is coming In the stock market correction is coming Although the US stock market on Friday ottorgovalis almost break-even, the signs are already beginning to appear correct. Put / call-rate increased to bear the value of 1.09...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published already this weekend. The favorite pairs in the Top 10 of this list are being analyzed in more detail here...
