Weekly Andrews Pitchfork chart $EURGBP
Posted by Alex on
May 19, 2018
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Category: Blog
On this weekly chart, we are drawing Pitchfork channels on EURGBP. On the monthly EURGBP chart, we can see that the pair has reversed from the 0.9400-0.9600 zone which is close to the median line of the uptrend pitchfork channel and we could see an extended fall into the 0.8300-0.8400
$GC_F top-down trading analysis
Posted by Alex on
May 17, 2018
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Category: Blog
We will use again our top-down trading analysis to do a Gold top-down trading technical analysis. The start is from a monthly chart. We can see that the instrument has pulled back from the 2011 top in so-called three waves so far. We could be in a 4 wave now after
Chart of The day $USDCHF 05-17-2018
Posted by Alex on
May 17, 2018
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Category: Blog
On the USDCHF daily chart, we can see that the pair is breaking above the falling long-term Andrews Pitchfork channel 1.0000 level, which is acting also as a horizontal support now, for the upside continuation. The bounce off this level could lead to another extension higher into the 1.0200 level
Will we have JPY risk-off bonanza?
Posted by Alex on
May 15, 2018
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Category: Blog
In today’s article, we will take a look at the JPY crosses where we see a space for a bearish extension and a strengthening of the JPY across the market with the exception in trading against the USD. Since the stock market is showing growing signs of a bearish reversal
Cryptocurrencies overview
Posted by Alex on
May 14, 2018
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Category: Blog
Let us see where are the opportunities and market positioning in the cryptocurrencies. Ethereum – the instrument is pulling back to a broken downside resistance now acting as a support 640-680 zone. This zone needs to hold for the upside continuation higher. Look for the buying opportunities here with the
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