Analysing Chart Patterns: Head and Shoulders

As technical forex traders, we use the price history of a given instrument, and the particular shapes and patterns that occur as our basis for not only taking a trade, but determining our risk and profit areas too. While the …

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NZDUSD range bound for now, but is it winding up for a big move?

Happy Monday, traders. Today were going to have a look at the NZDUSD weekly chart. We can see that  for close to 2 years price has been ranging in between our areas of support and resistance, or you could say …

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Is the NASDAQ winding up for a move?

Good afternoon, Traders. A quick post to bring to attention what’s happening in the US indexes, specifically the NASDAQ. At a glance the chart looks to be tightening up and could be getting set for a move. Looking at the …

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USDSGD Bounce or break?

Happy Monday, Traders! One of the first things i stumbled into this morning was a potential setup on the USDSGD pair. After a lengthy downtrend we’ve seeing price stall/consolidate for a couple of months now. Consider the daily chart below. …

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Looney presents some short term opportunity

Happy Friday, traders. A quick note today to bring a potential short-term setup in the USDCAD hourly chart. You can see in the chart below that price has been rebounding in a horizontal range for several days now, with both …

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As Good as Gold

Morning traders, Sometime back we posted about Gold setting up for a potential bullish breakout which you can catch up on here . Since then, price has been playing out brilliantly and gold continues to tighten up as shown on the …

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AUDNZD Forming a Long Term Ascending Triangle

Hi there Traders, Today we’ve got a potential setup forming on the AUDNZD weekly chart. What we’re seeing here is the testing of a multi-year rising trendline. With price currently at this area of support we can assume one of …

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USDCAD at a strong downward trend line

Hi there traders, I hope you had a good weekend. It seems that as traders, we’re perhaps the only people who look forward to Mondays. Skimming through some more charts over the weekend and came across a beauty. on the …

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Symmetrical Triangle Forming on the Nikkei

G’day Traders, Flipping through the charts last night, I came across this and wondered, is the sun setting on the Nikkei? What we’re seeing here is a symmetrical triangle pattern forming on the daily chart. Now, ideally i’d like to …

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GBPCHF Setting up for a Potential Continuation of the Long Term Trend

Hi there, Traders. Since the year 2000 the GBPCHF has experienced a significant long-term bearish trend, and we’re presented with a potential continuation pattern, that if confirmed should see price decline even further, perhaps even to (and beyond) all-time lows …

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