CHF/PLN – consolidation upper limit breakout after S&P rating downgrade

On Friday Standard & Poor’s rating agency cut the Poland's rating and warned of a further cuts. S&P in note pointed at new government’s actions...

EURJPY – double bottom pattern, but demand doesn’t look very strong

For almost 3 weeks EURJPY moved in a downward channel. All this time the movement was near to key support. On last Thursday after...

EUR/PLN – significant support + weekly LONG signal

Single currency to Polish zloty moved above 4.3894 and 38.2% Fibonacci retracement (upward move from December lows) during few last session. Horizontal level had...

AUDCHF – nearest target for upward movement 0.7510

Last week AUDCHF with strong upward candle broke above upper limit of bearish channel. Next resistance was at 0.7290 but it slowed bulls only...

EURPLN – uptrend line was broken

During last 2 months EURPLN felt 2400 pips. Previous upward movement from January 2016 was caused by the decision of Standard & Poor's agency,...

AUDCHF – triangle pattern predicts uptrend continuation

Since almost two weeks AUDCHF is moving inside a triangle. Its breakout will show further direction of price movement. It should occur soon because...

USDPLN – elections caused upward movement above 6-months high.

Yesterday in Poland were parliamentary elections. According to the preliminary results the current government lost its power in favor of the opposition. This resulted...

NZDCAD – long PIN BAR candle at the resistance

Yesterday on NZDCAD interesting daily candle occurred. Demand was punished for too rapid attempt of rebound and on the chart PIN BAR candle occurred...

GBP/USD under important resistance?

Pound sterling to American dollar moves in a broad consolidation (since May), between 23,6% Fibo (2014-2015 downtrend) and highs near 1.5800. Between August and...

The MACD Indicator and Price Divergence

Divergence provides clues not answers Charts are merely graphical representations of the price of an asset over a defined period. Some novice traders get things...

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