Week 47 recap: On the daily chart last week, we asked “Any Potential EWUS levels? We were looking for strong support levels.” From the lowest point in November, price moved up some 266 pips! Not everyone caught the EWUS of course. a) Tflow® bulls who stuck to
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Read more →Overview of AUDUSD Week 29: We saw a double bottom in H4 that yielded the bulls of about 250 pips. Anticipation for Week 30: D1 still shows a bullish trend. Price has cleared last week high of 1.0797 and has also made a higher low. Price has
Read more →Overview of Aussie: Audusd seemed to be trapped in a consolidation phase this whole week of 27 (marked in green) Anticipation for week 28: In D1, price has stopped at a suspected resistance level of Fib Retracement 61.8. Zooming into H4,we can see a potential double top
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Read more →GBPJPY week 25 – GBPJPY – Bears are getting stronger day-by-day Recap week 24- Early week, we saw a tough fight for bulls to reach Week 23 high from the May support. Daily chart-. If we look at daily chart , now price is at 61.8 Fib
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Read more →Overview Week 23 confirmed a failed Head & Shoulder pattern. Hopes of a bearish drop receded as bulls urges on. Although its just a mere 180pips from top to bottom, price actually created a new high. Therefore, Kiwi dollar literally experienced successive weekly development of new summit.
Read more →Recap week 20 and 21- In my last analysis, I mentioned that price has hit the first Target Profit in week 19 and watch for any reversal pattern on high time frame pattern to long this pair. I also mentioned that for price to be bullish, price
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Read more →On the weekly chart of GBPUSD, we can see that price has now broken above the high of year 2010 and created a new high this year, 2011. However, is there a true breakout? We would let the market tell us by the end of the week
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Looking at the Day charts, we can still see that the overall picture of a downtrend. There is a confluence of resistance on top so we would have to keep that in mind when planning for our trades. However, bulls seem to be finally having their day
Read more →Let’s remind ourselves of the long term trend of the pair by looking at the Weekly Chart once again. The candle for Week 14 seems to spell bad news for the bulls. Let inspect the lower timeframes for further clues. The D1 chart shows a hint of
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