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 week of 17-21 aug above 1600, at 1639.90. For the week, it didn’t manage to break 1690 level. It confirmed the wedge formation and it came down towards 1600 & supported at this level. Overall, Gold is consolidating in a range of 1600-1690. The
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Read more →Overview of AUDUSD week 26: The daily chart shows a clear trendline break to go long and after weeks of bearish sentiment, the market prints a falling wedge at a strong support level that explains why the price rose to about 400 pips at closing. Anticipation for
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 →We are actively monitoring this pair. Check out the charts with the OSMA and chart pattern giving us some hint. Remember, no trigger no trade. Do calculate your risk and reward before attempting to place any trade.
Read more →The NZDUSD, also known as the Kiwi has rallying up for about 7 months already on its strong technical picture. In conjunction with a rally in the Aussie and Loonie, the market is showing us strong consensus of a bull run in commodity currencies. With this picture
Read more →Potential trade signal seen in the GBPUSD H4 chart Wedge pattern seen at GBPUSD daily chart Potential trade signal coming in at the H4 chart At the moment, we can see that price is holding the support zone highlighted in blue. When price failed to break out
Read more →In our previous analysis ‘NZDUSD ascent comes to a standstill‘, we made an accurate forecast of the pair’s likely bottom around 0.7633 where buyers were likely to come in. This price level of 2009’s high has turned into a significant support when a new high was created
Read more →What a difference a week makes. The Kiwi dollar did a dramatic turn last week to give up most of its gains made from the first week of Nov. The current Week 2’s candle is long and bearish with no upper shadow, showing the strong selling pressure
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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
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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 →The Dollar Yen pair had just made a new High for 2010 today on 4 May, while Japan is on the Golden Week holidays. Coincidentally, the recent 2010 high was just made in the beginning of last month. Thus, with both Highs in mind, there is a
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