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 →Week 25, AUDJPY is in a range. Coming to week 26, a safe way to tackle this pair is to assume the range continues. AUDJPY H4 AUDJPY is at support at the close of week 25. Assuming the range play continues, it is potentially a buy at
Read more →Last week (beginning 7th March 2011) could be dubbed the “moment of truth” week for NZDUSD as the NZ central bank announced its much-expected interest rate cut. Prior to the news, the pair remained in a tight trading range of 70 pips for 3 days. Later as
Read more →$USDJPY Day: In the daily chart, we see that $USDJPY is still unable to break out of this strong symmetrical triangle going into the second week of March 2011. It is still ranging between the Fib-R 23.6% & Fib-R 50% retracement from the September 2010 downflow. As
Read more →The USDJPY pair has been ranging for about 5 months dating all the way back to Nov 2011. Typically in a ranging market, Forex strategies which uses mainly indicators become unreliable. This is where our Tflow® strategy stands out. Tflow® allows us to always buy low and
Read more →After a range-bound month of January, NZDUSD finally broke down last Tuesday (22nd February) from the triangle pattern identified in our previous analysis. This move could be in part attributed to a devastating earthquake# that shook New Zealand’s key city, dampening investors’ confidence in its economic recovery,
Read more →$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
Read more →A look at NZDUSD shows that it is range-bound this month with its price movement contained between 78.13 and 75.24, a range of 290 pips. Despite a steep descent after mid-Jan, the pair remained well supported last week and rose again to challenge Jan’s high (nearing 78).
Read more →Recap $USDJPY made a new high & a new low in Wk43 at levels 81.98 & 80.29 respectively. Both ended in failure and returned to existing support and resistance. Both levels now serve as a weekly important pivot points with a break above/below that might spell reversal/continuation.
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Read more →USDCAD triangle formation in daily chart still holds with price moving in a tighter range On H4 Chart we see that the bearishness from week 29 continues to week 30 with price visiting new low. However Price still didn’t break close week 28 Low of 1.02755. It
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
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