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 →On hindsight, the low of 2011 set in January last year turned out to be an important technical level. Weekly chart reveals a neat morning star reversal candlestick pattern. This is likely due to short covering and bottom fishing by speculators. The result is a bear trap
Read more →Last week (2012 Week 1), EURUSD fell below 2011 low. This is a highly bearish signal. Until a clear reversible pattern is printed, the trend points South. This week, the pair is on a roll after beating early week highs. This creates momentum from short term traders
Read more →EURUSD bulls are seeing little light as these two charts show how its decline is accelerating. First week in the new year, the pair has lost the gains made against the US dollar in 2011. 9 months of breathless non-stop decline in terms of lower monthly highs
Read more →We have been very clear since the past few weeks that the trend of EURUSD is down. In addition, we said that October low is a critical milestone for Bears and it must be tested. Now that it has come to pass, the direction is clearer than
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 →Explanation on the flow and 1234 where Point 4 goes above or below the flow.
Read more →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 →For trend-following bears who expect some sort of climax to the crisis threatening the Euro, the month of November as well as Week 48 turned out to be a cliffhanger. Daily Chart The chart shows us that the EURUSD has been declining since May this year. The
Read more →I was waiting for non farm payroll date this evening. AUDUSD -Saw TX setup in H1 pointing to a down, just that price has to pull higher to reach the predicted price area (blue box) by TX. Again, if we have stucked to ‘not playing breakout’, it’s
Read more →Let’s not be too quick to assume a trend has turned. It is always prudent to let the market tells you FIRMLY that price has turned. Above chart tells you the reason why price stopped. If we take a look at the H4 chart, boxes are
Read more →The EURUSD has moved South for 4 weeks in a row. Based on action in Week 47, downward pace has picked up based on the extent of movement away from Week 46 low. 4-hourly chart Bears had a relatively good time last week as there is little
Read more →This is a post specially for Tflow® students on EURUSD and price levels to note. If you want to know how to read this post, do contact us at forex@terraseeds.com. Tflow® students please log in.
Read more →EURUSD is probably one of the tougher pair to trade at this moment, as it is trapped in a zone of support and resistance.
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