EURUSD continues to tighten, printing a consolidation pattern that resembles a triangle over 3 weeks. In a trend, this pattern is expected to lead to a continuation play. 4-Hourly Chart We can see that EURUSD expanded downwards in Week 44 following the October EU Summit. The subsequent series
Read more →EURUSD Analysis – Week 26 By Ko Siew Huey It was a volatile week again for the EURUSD pair as developments in both Europe and US swung prices around within a narrow band. The pair eventually ended the week lower to finish 70 pips lower from its
Read more →Gold ends last week (10th June) at 1530. It is closed $10 lower than the previous week close (3rd June). On daily chart, it can be seen that gold is trap within a range of 1526 and 1551. It is resisted by 1551 which is 76.4% retracement
Read more →$USDJPY Wk116-Weekly: I have not look at weekly chart for the pair for some time. When I looked at it this round, I found an interesting fact – since August 2010 till date, $USDJPY looks like to be in a major consolidation period (highlighted in blue). During
Read more →Let’s recap the action for week 15 and 16. The following chart was presented as a part of the Week 15 review “Bears win control of GBFCHF”. Let us remind you that we didn’t have crystal ball to foresee the future, but instead we use the Tflow®
Read more →Following the previous week analysis (week of ending on 8th April), Gold remains on its uptrend after a brief retracement and its way to reach the cup & handle target of 1500 level. The Fibonanci 138.2% extension is also around 1500 level which confluences with cup &
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Read more →Following previous week analysis (week ended on 1st March), gold has confirmed the cup & handle bullish pattern by breaking 1439 neckline and continues the uptrend. How far would it go? – If you take the depth of the cup (1439-1380) and project it by add it
Read more →$USDJPY Day: In the daily chart, we see that $USDJPY is still unable to break out of this strong symmetrical triangle going into the second week of March 2011. It is still ranging between the Fib-R 23.6% & Fib-R 50% retracement from the September 2010 downflow. As
Read more →$USDJPY Day: Taking in stride into the month of Mar2011 with steady pace, $USDJPY is still confined within the 7-month old symmetrical triangle. $USDJPY Wk109-H4: In Wk108, we mentioned the multiple confluences 81.8 – – S2 support zone ; – blue-bottom trendline ; – Fib-R 85.4% retracement
Read more →Gold has broken the previous week (21-25 Feb) resistance of 1413 & 1423, continues its uptrend within the uptrend channel, and attempting to break 52 weeks high of 1431. Although it went to all time high of 1440, it didn’t stays there for long and bears bring
Read more →$USDJPY Recap: In the day chart, the pair seems to have regretted the breakout from the symmetrical triangle which had been charted since September 2010. After the breakout, the pair was being resisted at a Fib-R 61.8% retracement (drawn from the down flow September 2010-High to October
Read more →After a range-bound month of January, NZDUSD finally broke down last Tuesday (22nd February) from the triangle pattern identified in our previous analysis. This move could be in part attributed to a devastating earthquake# that shook New Zealand’s key city, dampening investors’ confidence in its economic recovery,
Read more →$USDJPY Recap: Last week we mentioned that the pair is trading in the range of a triangle (blue) within a triangle (dotted-blue), as shown in the chart. And it still is. In the beginning of Wk104, it fell to the bottom dotted-blue which serves as a support
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