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AUD/USD Intraday Pullbacks within Daily Uptrend
The AUD/USD has been pulling back across intraday time frames ranging from the 15, 30, 60 and 240 minute charts. These corrections are important to watch as the daily time frame is still holding onto an uptrending cycle. It is trading within the shape of a Continuation Rising Wedge chart pattern.
The AUD/USD has been pulling back across intraday time frames ranging from the 15, 30, 60 and 240 minute charts. These corrections are important to watch as the daily time frame is still holding onto an uptrending cycle. It is trading within the shape of a Continuation Rising Wedge chart pattern.
12 August |
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1 comment Intraday USD/JPY Trending Lower
With doubts slowly coming in as the doldrums of August set upon traders, there is a fear that September will bring a resurgence of negativity regarding equities and little risk appetite. Seeing this psychology play out is as easy as watching the USD/JPY which has started to trend lower on short term intraday charts.
With doubts slowly coming in as the doldrums of August set upon traders, there is a fear that September will bring a resurgence of negativity regarding equities and little risk appetite. Seeing this psychology play out is as easy as watching the USD/JPY which has started to trend lower on short term intraday charts.
11 August |
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0 comments EUR/USD Set Up Buy After Dollar's Rally
The EUR/USD also known as the "fiber" has been correcting since the U.S. Dollar Index's rally after last Friday's Non-Farm Payroll upside surprise. Dollar buyers were pleased with the jobs number and rallied both the Dollar Index and equities.
The EUR/USD also known as the "fiber" has been correcting since the U.S. Dollar Index's rally after last Friday's Non-Farm Payroll upside surprise. Dollar buyers were pleased with the jobs number and rallied both the Dollar Index and equities.
10 August |
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1 comment EUR/USD Consolidates In Front of NFP
The 30 minute EUR/USD graph is consolidating as the New York session starts and the market prepares for the release of the Non-Farm Payrolls number. This often volatile economic event is typically preceded by a quiet and range-bound market as traders wait for the result.
The 30 minute EUR/USD graph is consolidating as the New York session starts and the market prepares for the release of the Non-Farm Payrolls number. This often volatile economic event is typically preceded by a quiet and range-bound market as traders wait for the result.
7 August |
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0 comments Confirming Triggers with Multiple Alerts: Today's USD/JPY
The USD/JPY has been consolidating across multiple time frames. This typically means that there will be multiple triangle pattern alerts. Multiple alerts for the same pattern type should not be dismissed as it is a great indication of the current market direction.
The USD/JPY has been consolidating across multiple time frames. This typically means that there will be multiple triangle pattern alerts. Multiple alerts for the same pattern type should not be dismissed as it is a great indication of the current market direction.
6 August |
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0 comments EUR/JPY moves
EUR/JPY is moving long term between 128.40 and 139.40 and short term from 136.50 and 137.70. (1) is a continuation channel up from the daily time frame.
EUR/JPY is moving long term between 128.40 and 139.40 and short term from 136.50 and 137.70. (1) is a continuation channel up from the daily time frame.
5 August |
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0 comments Understanding support and resistance in chart patterns
Patterns are the result of support and resistance. They develop from horizontal support and resistance and trendlines.
Patterns are the result of support and resistance. They develop from horizontal support and resistance and trendlines.
4 August |
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0 comments EUR/JPY Approaches Congests within Triangle
The EUR/JPY has been trending higher on the shorter term intraday charts like the 15, 30, and 60 minute charts. As New York prepares to open it would be likely that some uptrending pattern alerts will emerge.
The EUR/JPY has been trending higher on the shorter term intraday charts like the 15, 30, and 60 minute charts. As New York prepares to open it would be likely that some uptrending pattern alerts will emerge.
31 July |
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2 comment USD/CAD Squeezed between Near Term Support and Intraday Downtrend
The USD/CAD has alerted a Continuation Channel Down on the 15 minute chart as the crude oil market recovers from its brief dip below $63.00/barrel.
The USD/CAD has alerted a Continuation Channel Down on the 15 minute chart as the crude oil market recovers from its brief dip below $63.00/barrel.
30 July |
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2 comment Downtrending Patterns on the Intraday GBP/USD
The GBP/USD has formed two downtrending patterns on the shorter term intraday timeframes. The 15 and 30 minute charts have alerted a falling wedge and channel down pattern respectively.
The GBP/USD has formed two downtrending patterns on the shorter term intraday timeframes. The 15 and 30 minute charts have alerted a falling wedge and channel down pattern respectively.
29 July |
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