The EURUSD changed from a bearish head and shoulders setup into a flag-like bullish one. Earlier this week, we saw a head and shoulders setup and looks good for a continuation short in the 4-hour chart. It broke the neckline but was faded quickly. Since then, price
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 →Gold closed the 1st week in Jan 2012 higher than the last week of 2011 at 1616 and it forms a higher high and higher low compared to the previous week. This may sounds bullish. Upon inspection of the daily chart, we have two potential scenarios. The
Read more →GBPUSD is clearly downtrend but unlike neighbor the EURUSD, is likely to be bound in a 7-week range. Until the support is breached, makes more sense to maintain range strategy. In a trend, that 7-week channel also serves clearly as a continuation pattern. Follow Soh Tiong Hum
Read more →While we are all obsessing the Euro, USDSGD has done a bullish reversal. It will get interesting when a continuation pattern is printed. More expensive to visit Disney Land now than 6 months ago. Follow Soh Tiong Hum on Twitter @sohtionghum
Read more →September highs are probably providing some relief to DAX bulls. In view of the big down trend, not for long. This almost symmetrical triangle and probably a continuation one is very obvious so trend following bears are likely to complete it. If that is true, then the
Read more →The US Dollar index has reversed according to moving average studies. Support has also been found at the 76 to 77 region. A successful cup and handle could mark the start of further gains on the long side. Cup and handle confluence with trendline; ‘break’ two birds
Read more →Last week (5-9 Sep), gold tried to break 1912 but it was resisted. It managed to reach 1922 before the profit taking occurs before making a low at 1791. 1791 is a higher low compared to previous week low (29th Aug – 2nd Sep) at 1775. Overall,
Read more →
Only registerd users (ie TerraSeeds Tflow���® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com
Read more →GBPJPY week 24 – GBPJPY – more downside expected next week Recap week 23- In Week 23 , GBPJPY mostly was range-bound with price fluctuating between 130.83 and 132. Early this week price struggled to break the support zone drawn in previous in my analysis. It was
Read more →EURCHF – 12th June 2011, WK23 Overall Analysis Looking at the Day charts for this recent past week, we see this pair bouncing up and down, trading in the range between the “Green” and “Pink” zones of resistance. With the equidistant channel still intact and in line
Read more →Following the sell off on 1st week of May, Gold made a retracement of the down move last week (2nd week of May). The retracement, at the end of week, is forming a “pennant” like chart pattern. This pattern, once confirmed, is considered as continuation pattern of
Read more →The first week of May could mark the start of the phrase “Sell in May & go away”. Gold did not manage to reach the next round number of 1600. It went to 1576 instead and triggered a sell off at this point. It closed the week
Read more →Overall Analysis Based on the Day Charts, we can see that the bears are still overall in-charge of this pair, with the overall downtrend still being respected and the confluence with the equidistant channel basically intact. Last week, after the formation of the reverse head and shoulder
Read more →
