Technical Analysis

GBP/JPY Bearish M pattern but bullish price action


The dragon, GBP/JPY shows a huge M pattern on H1 time frame, but there are lack of sellers who could tank the price more to the downside. DAX has been bullish today despite problem with Deutsche Bank (DB). DAX had a massive gap down to start with and DB is...


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GBP/USD supported at 88.6 fib


The GBP/USD is currently rejecting off 88.6 after it dropped straight from POC zone I showed in the live webinar. 88.6 has held the drop making a double bottom and the GBP/USD is rejecting. New POC comes around 1.2970-1.2990 (H3, WPP. 78.6, X-cross) and the rejection might spike it...


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EUR/USD is waiting for USD Core Durable Order news


The EUR/USD is in a range mode waiting for Cored Durable Order data that is scheduled for 12:30 GMT. It represents the change in the total value of new purchase orders placed with manufacturers for durable goods. If the result is better than expected USD should gain strength and it...


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NZD/USD Weekly pinbar suggesting bearish pressure


The Kiwi - NZD/USD is riding higher time frame momentum. Piggyback weekly sell is reflecting on lower time frames where we could start searching for short trade opportunities. I see 2 possible scenarios. If the price proceeds below the 0.7220 and if we see 4h close below it, we could...


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Weekly Forex Overview: Patterns in Forex market


The Forex market is analysed and significant patterns become visible. The EUR/USD is surrounded by triple triangles, learn which levels Chris identifies as key break and bounce spots. The GBP/USD is in a downtrend, but can it break below weekly support and what happens if it does not? The USD/JPY...


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