AUDNZD Returns to the Triangle Giving Potential for Declines?

The weekly chart shows a strong break from the more than two-year-old triangle formation that took place in October. One week after this break-up,...

Analysis for Newbies: AUD/USD – Leaves Consolidation

AUD/USD moves in a classic way. Since the beginning of September, we have been dealing with a downward trend. In mid-November this was confirmed...

Analysis for Newbies: GOLD Breaks from Triangle and Struggles with Confluence of Supports

GOLD broke out yesterday from the formation of the triangle visible on the daily chart below. Quotes as part of the breakout also tested...

Analysis for Newbies: GBP/JPY – Time for Declines.

The British currency has strengthened quite significantly in recent days on the news of reaching an agreement on Brexit. Probably it was premature optimism,...

Analysis for Newbies: NZDJPY Slowly Corrects Recent Declines

NZDJPY is in a downward trend, where the highs and lows are formed at lower and lower levels. After setting lows at 76,07 last...

EURCAD on February 2016 levels, Continues to Trend Upward.

EURCAD has risen today above the May 2009 and November 2016 highs. Thus the quotations were at the level that was last seen in...

Only Highs and Lows – Buy Signal on EURAUD and EURUSD

GBPJPY Strong consolidation is seen in pairs where the base currency is the sterling (GBP). A good example would be GBPJPY, where quotes have set...

Analysis for Newbies – NZDUSD Test of Channel Resistance

NZD/USD is currently in an interesting layout. Chart H4 shows that the price still respects the edges of the bearish channel. The current upward...

Analysis for Newbies: CHFJPY – Towards Key Support

CHFJPY moves south drawing lows and highs at lower and lower levels. The nearest key support is in the area below 112.70. This week there...

Only Highs and Lows – Weakening of USD Results in New Impulses.

A very nice signal has recently appeared on the USDJPY currency pair. For my misfortune I was not able to open it because of...

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