Gold bulls were raging last week, induced by Fed’s extension on the period of ultra-low interest rate. Gold broke the resistance at 1666 (Nov’11 Low) and long term trend line. At the same time, it made impressive $91 move with a week, and closed the 4th week
Read more →From this chart, support for USDJPY can be visualized differently but there is one clear resistance. The nearer we go to the apex, the higher there is a chance for a technical movement that could resolve into a trend continuation or a bullish breakout. Usually a downward
Read more →As if great amounts of QE or quantitative easing (referred by some circles as money printing) was not enough, the market may reveal more of its perverse nature – that Happy New Year gap up rally is looking increasingly like a bull trap. As and when the
Read more →Overview Week 26 saw buyers into overdrive mode; a 400pips surge overwhelming two former weeks’s high. The upward move was limited at resistance of symmetrical triangle @1.4520, which also corresponded with peak of week 15 along with sequence of supports and resistances. Expectation for Week 27 The
Read more →Sentiment for AUDUSD, EURUSD, USDJPY, and GBPJPY AUDUSD Daily chart uptrend based on the 200-day moving average A falling wedge has appeared over the last months and at once also validated by the bullish breakout in the last 3 trading days of Week 26 4 hour chart
Read more →Week 23 Rewind: The question was “Has our big triangle been broken?” We now have an answer; a resounding YES! Our beloved EURJPY made a decisive move last week to bring yet more winnings for the brave bears. Amongst the many bears were of course our Tflow®
Read more →Last week, I mentioned that AUDJPY still remains in consolidation. Coming to week 22, nothing much has changed. The market seems to be preparing itself for a huge movement which could be confirmed once price breaks out of either boundary of a very big triangle chart pattern.
Read more →As an update to the AUDJPY analysis for week 21, AUDJPY is still consolidating within the triangle chart pattern. This is a 4 weeks consolidation dating back to Week 18 of the year. 3 strategies to tackle this pattern 1. Playing the range An easy strategy to tackle
Read more →Last week, we reminded ourselves of the power of confluence of price levels in trading. What happened after that? A decisive move made by our beloved EURJPY! Congratulations to my fellow Tflow® students who surfed e EURJPY rally! On the daily chart, we see an explosive break
Read more →Hey Tflow-er did you catch the move up on Friday? I mentioned about Cad long during the last Hands on session on Thursday night! (16th Dec). That was a gain of 80 pips with a risk of 20 pips – Fourth projected profit target level hit! Well
Read more →Is there a true breakout in DJIA ? Weekly chart of Dow Jones seems to suggest that price did not have a true breakout of the previous high created in April, 2010. A true breakout is where price are able to go all the way up with
Read more →This article was first posted on SharesInvestment on 12 July 2010. Hotel Properties Ltd has emerged from a 10-month long consolidation. Price made a new 52-week high last month and is considered a bullish development especially since it is above all of its moving averages. The chart
Read more →Breakouts are popular among traders. However they can be so punishing if you get it wrong. Why? For the fact that buy high to sell higher means that you have bought at the worst price if you are wrong. And because false breaks are really common. Well
Read more →First published on SharesInvestment website on Monday 03 May 2010. Articles contributed to ‘Trend Spotting’ will be published here 1-2 days later. In a previous contribution to ‘Trendspotting’, I shared the characteristics of accumulation in a stock using the illustration of STATS Chippac. In that article, four
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