This is very similar to the USDSGD chart posted earlier. Will be a medium to long term theme. A decisive move out of the triangle will determine the new trend RELATED ARTICLES USDSGD Bullish Reversal 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 →Last week (4th – 9th July), Gold did a V shape recovery of the downtrend which result in higher high and higher low compared to the previous week (27th June – 1st July). The recovery almost covers the retracement made two weeks ago (20th June – 1st
Read more →Overview 400pips up previously, 300pips down the next instance. Week 27 essentially abided by the structured way of how market should progress within a symmetrical triangle. Expectation for Week 28 The consolidation is obviously tightening. As evaluated last week, a breakout is on the horizon. We should
Read more →Overview Week 26 saw buyers into overdrive mode; a 400pips surge overwhelming two former weeks’s high. The upward move was limited at resistance of symmetrical triangle @1.4520, which also corresponded with peak of week 15 along with sequence of supports and resistances. Expectation for Week 27 The
Read more →Sentiment for AUDUSD, EURUSD, USDJPY, and GBPJPY AUDUSD Daily chart uptrend based on the 200-day moving average A falling wedge has appeared over the last months and at once also validated by the bullish breakout in the last 3 trading days of Week 26 4 hour chart
Read more →Overview Euro dollar appeared to rebound from week 24 low but the climb was restricted at monthly pivot (1.4434). Price fell subsequently. Vigilant sellers would have caught a handsome 250-300pips from the plunge. Interesting facts about the price movement are both its highs and lows seemed to
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 closed the week of 17th June at 1538, which is higher than previous week close. At the beginning part of the week, gold attempted to break the uptrend line (drawn from 15 Mar’11) but it was supported and rebounded from it. Overall, gold trend remains on
Read more →$USDJPY Day: March 2011 – It is a wild month indeed for the pair – The impact of the deadly 9.0 magnitude earthquake and the fears of a horrific nuclear catastrophe sent the pair to fall through the symmetrical triangle (black) and drop like a rock to
Read more →$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. $USDJPY Wk109-H4: In Wk108, we mentioned the multiple confluences 81.8 – – S2 support zone ; – blue-bottom trendline ; – Fib-R 85.4% retracement
Read more →$USDJPY remains at the resistance of a symmetrical triangle visible on the daily chart (see Sela’s posting on 14 February 2011). This level is also near to an 8-week high. If price stays above 83, there is a possibility for a flag-like continuation pattern.
Read more →$USDJPY Recap: After struggling aound the S1 resistance zone (82.55) in the early week of Wk106, $USDJPY makes a huge gain of ~130pips to end the week in the R2 resistance zone (83.68). $USDJPY WK106-Day: From the day-chart, a blue triangle is drawn, taking – the high
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