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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 →A quick look at the DAX (German Stock Index) reveals that the stock market in Europe’s biggest economy simply did not buy the idea of a successful EU Summit. EU Summit not well received according to German stock market The market has been trading in a series
Read more →AUDUSD Week 43 By Ko Siew Huey The AUDUSD has stubbornly camped around a tight zone for the past week and a half. On the last day of week 42, price broke through the upper trendline of the downward equidistant channel and entered into a critical zone
Read more →EURCHF – 23rd October 2011, WK42 Overall Analysis When in doubt go back to basics and follow the trend, this is the mantra that has been revolving in my head the past weeks. As seen in the daily chart with the aid of rectangles as a visual
Read more →USDJPY has rallied strongly in the past two days. Technically the formation has created a potential flag formation. With such a momentum, it is inevitable for price to make another try for new high. But since departing the last resistance, we did not see price building a
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 →Midweek Round up The first half of the week saw GBPJPY broke above Week 15′s high, and added fuel to support the inverted H&S formation. However, GBPJPY could not break out of the inverted H&S neckline and the daily equidistant channel. As a result, we saw a
Read more →Since my last post on USD/CHF – Forming Inverted Head and Shoulder, the 4 hourly chart shows a strong bull rally. Till yesterday, the yearly high was challenged and proves to be a valid resistance. This could be a signal for the Bears to short this pair
Read more →The Weekly Chart of Aussie is gaining more signals for a possible Bearish Move. Below are the reasons for the Bearish View. 1. Last week, Aussie was resisted by 2009 High. 2. A possible Dark Cloud Cover formed on past 2 weeks. 3. A possible Triple Top
Read more →Week’ 11 Review Last week (week 11), we saw GBPJPY breaking above week 10 high. It rallied midweek to break above week 10 high and formed a higher high. But the rally could not be sustained and it turned out to be a bull trap. Week 12
Read more →Last night we saw a bull trap. That’s over. Based on the proximity of GBPUSD to the support now, it might be bulls’ turn. If so, the next zone to watch is the pullback resistance. If that breaks, this whole episode is a consolidation. If that resistance
Read more →The Sterling has made a worthy break and reversal. While momentum traders consider going long, last week’s resistance must be watch – any failure to support at this point may be considered a bull-trap for big trend bears.
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