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The Forex Triangle Pattern Guide

Most traders love continuation figures like the triangle pattern; this makes it one of the most commonly traded chart formations in Forex. Unlike reversal patterns that signal an impending change in the trend direction, triangles are used to make profits in trend extensions.  The Triangle Pattern in Forex is a price formation that signals a […]

AUDUSD Trade Idea May 29th 2020

AUD/USD remains very bullish, with a high probability of the uptrend continuation. Any small pullback could be considered as a potential buying opportunity for the short to medium term.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on […]

GBP/JPY formed a double top near 133.00, which is a very strong physiological resistance level, which was rejected previously several times. On the daily chart, the downtrend is still valid, and current price could be very attractive for sellers.  Disclaimer: The analysis presented in this article is for educational purposes only and should not […]

USOIL Trade Idea May 27th 2020

The USOIL uptrend seems to have exhausted itself after rejecting 61.8% Fibs on a Daily chart. Lower lows and lower highs are now being printed, confirming the validity of the downtrend in the short to medium term.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered […]

XAUUSD Trade Idea May 26th 2020

By breaking the previous low, Gold seems to confirm further price weakness. It is unlikely that there will be any strong pullbacks after such a fast price drop in the past few hours. Therefore, any small pullbacks could be of great interest in terms of selling opportunity.  Disclaimer: The analysis presented in this article […]

Right now EUR/NZD is trading at the level of interest, mostly for the sellers. As long as the downtrend trendline holds, selling pressure will only increase.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader 4. Click […]

NZDCHF Trade Idea May 22nd 2020

NZD/CHF has been consolidating during this week and stayed within the triangle pattern. The consolidation seems to come to an end after breaking the triangle and the price is expected to rise, starting next week.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial […]

AUDNZD Buy Trade Idea May 20th 2020

AUD/NZD is clearly trending upwards. A current correction down was stopped by 200 EMA, which might provide yet another and perhaps final short term buying opportunity. Update:    Original Idea:  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was […]

The Forex Harmonic Patterns Guide

Traders and analysts forecast future price movements in Forex using different chart patterns. These formations can range from the most basic ones that consist of a few trend lines only, such as triangles, wedges, flags, pennants, double top/bottom, to more advanced setups like Harmonic Patterns. Forex Harmonic Patterns are geometric price formations that derive from […]

GBPNZD Trade Idea May 18th 2020

GBP/NZD has established a downtrend and it continues to bounce off 200 MAs on multiple timeframes. This is a clear bearish tendency and we might be witnessing the beginning of yet another wave down.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. […]

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