FX TRADING GUIDE

Copper broke above the Median line of the long-term uptrend Pitchfork channel   The Monthly Copper chart shows that instrument has broken above Andrew’s Pitchfork long-term uptrend channel median line 4.26. We are seeing a pullback for a retest of this level and this is a support for the uptrend […]

USDJPY is breaking above the long-term downtrend Pitchfork channel   The Weekly USDJPY chart shows that the pair has broken above Andrew’s Pitchfork downtrend channel dating back from 2017. This break above 108 could lead to an extension higher into 120 if the 108 support holds. A confirmed break above

Bitcoin is forming an uptrend Pitchfork channel   The Weekly Bitcoin chart shows that the instrument is forming a new  Andrew’s Pitchfork uptrend channel and is in the process of the bounce from channel support 31000. This bounce could lead to an extension higher within the channel to 45000 and

Silver rejected from the upper channel median line   The Monthly Silver chart shows that the instrument is being rejected by Andrew’s Pitchfork long-term downtrend upper channel median line 28.69. This rejection could lead to a pullback lower to 22.50 or a range trade between support 25 and 28.69. A

USDMXN is testing the long-term channel support   On the Monthly USDMXN chart, we can see that the pair is testing the  Andrew’s Pitchfork long-term uptrend channel support line 19.840 and is bouncing off it for now. A confirmed break above 20.700 is required for the upside swing to 22