Tflow® has once again predicted the target price level for EURUSD. On three occasions, if using Tflow®, you will be able to square your shorts on swing lows and reshorting on swing high. Right now, EURUSD might have shown the WR trigger suggesting possible change in mindset
Read more →An inverted ‘Head and Shoulder’ has emerged. Confirmation is required now.
Read more →The answer usually lies in the chart although in this situation it is a bit hard to tell. Channel? Cup and Handle? Continuation? Reversal?
Read more →First published on SharesInvestment website on Monday 29 March 2010. Articles contributed to ‘Trend Spotting’ will be published here 1-2 days later. Trading volume tells a story about market sentiment. The story is even more compelling when price is near to a critical support or when a
Read more →The Daily Chart of Dollar Index (USDX) has recently broken out of a 10 month High and is still on a bullish trend. The breakout has formed a support / resistance zone between the 10 month High and last month high. Thus, as long as Price has
Read more →Review of Week 12 (22 – 26 March) GBPJPY opened lower and appeared to be continuing its downward momentum until mid-week. Price consolidated after it rejected week 11 low. Opportunities for Week 13 (29 March – 2 April) GBPJPY appears to be in a consolidation mode, hinting
Read more →The potential morning star on the AUDUSD daily chart points to a bear trap. Although the picture is only complete when the candle closes, a strong bullish momentum is already visible on the 4-hour chart. Before big bears look for a short once more, we need to
Read more →It is possible for traders to take a week-by-week view and do fairly good job at trading. The 4-hour chart is a good place to this and in the case of AUDUSD, 2 pieces of information jump out. First a ‘Head and Shoulder’ pattern should be easy
Read more →It’s a trader’s ecstasy if there’s a technique to ‘earn while u sleep’ or ‘earn while u work’. Tflow® has one! Remember, such a technique requires few things: 1. Strict risk management 2. Strict money management 3. Predictive tools – predict levels and directions We execute recently
Read more →Mid-week roundup After breaking below the Bear Flag last week and losing further grounds early this week, GBPJPY rallied but was rejected by the bottom of the previous equidistant channel/Bear Flag. Previously, it was mentioned that the bulls would be on the sidelines waiting for a reversal
Read more →USDCAD has been in a series of lower low and lower high. In the above H4 chart, we see a potential double bottom pattern. In a double bottom, it signals reversal of this downtrend. One key thing in a double bottom is the low acts as strong
Read more →The dollar index is made up of a basket of 6 currencies: Euro – 57.6% Japanese Yen – 13.6% Sterling Pound – 11.9% Canadian Dollar – 9.1% Swedish Krona – 4.2% Swiss Franc – 3.6% The current weight was fixed since 1999. Attached is a chart of
Read more →Daily Chart of Gold shows a Head and Shoulders Formation. This forms a lower high, which adds to the bearish view of Gold. If Price has confirmed the Head and Shoulders, the next level of Support will be this year’s low. However, as the neckline could be
Read more →First published on SharesInvestment website on Monday 22 March 2010. Articles contributed to ‘Trend Spotting’ will be published here 1-2 days later. — Jardine Cycle & Carriage is now in a clearly identifiable consolidation pattern called an equidistant channel. Equidistant channels are highly encountered in securities charts
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