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Comparing Market Cycles on two Time Frames
The AUD/USD is presenting two different market cycles across the 30 and 60 minute charts. The first indication of this would be the different chart pattern alerts, and secondly the slight difference in the Initial Trend readings (C and Z).
The AUD/USD is presenting two different market cycles across the 30 and 60 minute charts. The first indication of this would be the different chart pattern alerts, and secondly the slight difference in the Initial Trend readings (C and Z).
8 October | 
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Comparing Market Cycles on two Time Frames
The AUD/USD is presenting two different market cycles across the 30 and 60 minute charts. The first indication of this would be the different chart pattern alerts, and secondly the slight difference
The AUD/USD is presenting two different market cycles across the 30 and 60 minute charts. The first indication of this would be the different chart pattern alerts, and secondly the slight difference
8 October | 0 comments
0 comments USD/CHF Intraday Trend Transition
Trading any chart pattern without considering the underlying trend is simply not effective. Autochartist addresses this with the Initial Trend indicator (C).
Trading any chart pattern without considering the underlying trend is simply not effective. Autochartist addresses this with the Initial Trend indicator (C).
7 October | 0 comments
0 comments GBP/USD Intraday Double Top
The 60 minute chart of the GBP/USD (aka the "cable") is squeezing into a triangle chart pattern as prices are congesting within the uptrend support line (B) and a double top (A). The horizontal resistance of the double top makes this an asymmetrical triangle with the two highs at 1.6021 and 1.6022.
The 60 minute chart of the GBP/USD (aka the "cable") is squeezing into a triangle chart pattern as prices are congesting within the uptrend support line (B) and a double top (A). The horizontal resistance of the double top makes this an asymmetrical triangle with the two highs at 1.6021 and 1.6022.
6 October | 0 comments
0 comments GBP/USD Tests Intraday Resistance
The intraday GBP/USD closed Friday as the pair began a difficult climb from 1.5900. As the 60 minute chart is consolidating into an accumulation cycle this is an excellent time to look for break outs from the Continuation Triangle chart pattern alert.
The intraday GBP/USD closed Friday as the pair began a difficult climb from 1.5900. As the 60 minute chart is consolidating into an accumulation cycle this is an excellent time to look for break outs from the Continuation Triangle chart pattern alert.
5 October | 0 comments
0 comments Choosing an Entry: Triangle Set Up on the USD/JPY
When a chart pattern alert appears there are a number of entries that could be valid to capitalize on the support and resistance of the formation. The 30 minute USD/JPY has formed a Continuation Descending Triangle chart pattern.
When a chart pattern alert appears there are a number of entries that could be valid to capitalize on the support and resistance of the formation. The 30 minute USD/JPY has formed a Continuation Descending Triangle chart pattern.
2 October | 0 comments
0 comments Intraday USD/CAD Breaking Downtrend Resistance Line
The 15 and 60 minute charts of the USD/CAD indicate that both currencies are breaking through higher in Continuation Channel Down chart patterns. This as the Canadian Dollar loses ground against the U.S. Dollar.
The 15 and 60 minute charts of the USD/CAD indicate that both currencies are breaking through higher in Continuation Channel Down chart patterns. This as the Canadian Dollar loses ground against the U.S. Dollar.
1 October | 0 comments
0 comments USD/CHF Reaches Forecast Region Resistance
The USD/CHF has broken out of a Continuation Triangle chart pattern. The chart shows the Complete Pattern alert within the Forecast Region (A) indicating resistance.
The USD/CHF has broken out of a Continuation Triangle chart pattern. The chart shows the Complete Pattern alert within the Forecast Region (A) indicating resistance.
30 September | 0 comments
0 comments Intraday EUR/USD Squeezing Into Trading Range
A Continuation Triangle chart pattern has formed in the 30 minute EUR/USD chart. The current trend direction is down. The Initial Trend reading (C) is high. This indicates that there is still momentum heading lower.
A Continuation Triangle chart pattern has formed in the 30 minute EUR/USD chart. The current trend direction is down. The Initial Trend reading (C) is high. This indicates that there is still momentum heading lower.
29 September | 0 comments
0 comments Playing Support and Resistance
Chart Pattern alerts are effective and easy to recognize, but what happens when the underlying market cycle doesn't agree? That is the case here. The 60 minute USD/JPY is in a distribution cycle as this asymmetrical triangle squeezes into the narrows of this chart pattern.
Chart Pattern alerts are effective and easy to recognize, but what happens when the underlying market cycle doesn't agree? That is the case here. The 60 minute USD/JPY is in a distribution cycle as this asymmetrical triangle squeezes into the narrows of this chart pattern.
28 September | 0 comments
0 comments My FXBank
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