Tag: When Theory meets Practice
EURNZD – a chance for retesting the support of ascending wedge
The Euro-New Zealand Dollar pair has been moving in an uptrend since mid-December last year. Higher peaks and higher lows are being established in...
AUDCAD – a head and shoulders formation on H1 could push price down
The last week of January which is also the first week of February has begun. It is a week rich in events in the...
GBPUSD – a bearish engulfing on the top of a bullish swing
The British pound/US dollar (GBPUSD) pair set an all-time low at 1.0365 at the end of September last year. Since then, the pair has...
GOLD – a bearish engulfing on the top heralds correction?
The start of this year has been kind to gold. Since November last year when a triple bottom formation appeared at $1615/oz, the price...
EURUSD – bullish engulfing patterns herald growth
The EURUSD pair from the beginning of 2021 was moving in a downtrend. After a decline of more than 2,800 pips, the pair reached...
A week of important data is coming up, will it be a Hitchcock-like experience?
Few major events on the economic calendar today, with most instruments moving in a narrow consolidation. However, this is just the stillness before the...
GOLD falls, bearish engulfing pattern on daily chart
Last Friday, we learned about data from the US labour market. The US economy added a net 263,000 jobs in November, well above market...
EURUSD – return to parity?
Today we had the opportunity to listen to a speech by the President of the European Central Bank, Ms Lagarde. The ECB President reaffirmed...
Gold may cheapen this week – there are fundamental and technical reasons
Since the beginning of November, the price of gold has risen from $1,615 to $1,786 per ounce. One of the reasons for this was...
GOLD- Central Banks buy more and more
Last week we had two major events on the economic calendar. The first was undoubtedly the FED's decision to raise interest rates to 4%....
