FX TRADING GUIDE

Platinum upside channel continuation after the correction   The Monthly Platinum chart is showing that the instrument has formed Andrew’s Pitchfork long-term upside channel and had a bounce from 600 after which is correcting lower from median line rejection. We need to see a break above 1030 to see the […]

Lumber ready for a new upside swing   The Monthly Lumber chart is showing that the instrument has dropped below Andrew’s Pitchfork long-term upside channel median line 799 and a break above this level is now required for the upside continuation again. A break below 500 on the other side

DXY long-term uptrend channel continues   The Monthly DXY chart is showing that the instrument has bounced off the Andrew’s Pitchfork long-term upside channel uptrend resistance line 89.20 twice and is testing the channel upside swing continuation resistance 93.20. A break below 89.20 is now required to invalidate the DXY

GDM long-term downtrend channel continues   The Monthly GDM chart shows that the instrument is rejected from Andrew’s Pitchfork long-term downtrend channel uptrend resistance line 1110 and is testing the channel swing continuation downside resistance 858. A break below 858 could lead to a test of the upper half channel

DAX is testing the long-term upside resistance   The Monthly DAX chart shows that the instrument is testing the Modified Schiff Andrew’s Pitchfork long-term uptrend channel resistance line 16000 and is being rejected. As long as the instrument is below 16000 we are expecting the downside reversal. Invalidation and a