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 […]
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 […]
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. […]
The Japanese Yen seems to be the choice of investors for the long term, which will most likely affect all JPY pairs. In particular, CHF/JPY might follow this trend, where downtrend continuation is highly expected. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial […]
One of the most important skills for successful trading is Forex chart patterns analysis. Learning to recognize price formations on the charts is an essential part of the Forex strategy of every trader. Then, it is vital that you learn about these figures, their meaning and how you can use them to your advantage. There […]
In the medium term, the trend remains extremely bearish while 200 MAs and the downtrend trendline is being rejected. 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 below to open a Free Demo Account with […]
Right now, CAD/JPY entered a very strong supply zone. Considering the collapse of the US Oil price, CAD might follow this pattern where it will be outperformed in the medium to long term by most major currencies, including the JPY. Disclaimer: The analysis presented in this article is for educational purposes only and should […]
USD/CAD continues to consolidate, providing buying and selling opportunities in the short and medium-term. While the price has corrected down quite substantially and the support area is being rejected, we can expect yet another move to the upside. Disclaimer: The analysis presented in this article is for educational purposes only and should not be […]
In the short term, EUR/GBP still looks extremely bearish and we could see a potential fast decline towards previously formed support area near 0.8690. 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 below to […]
We can see that the price remains above 200 SMA and EMA on the 4-hour and 1-hour charts. At the same time, these MAs were rejected multiple times, which should result in uptrend towards the key resistance near 0.8635 area. Disclaimer: The analysis presented in this article is for educational purposes only and should […]
