US Dollar has been making Lower Lows for a year now as can be seen in the chart. This indicates that USD is weak as of the moment. In the chart, the horizontal support and resistance, and a downtrend line are plotted. The arrows in the chart signifies the areas where the significant levels have been important. This is just to show where the lines (significant...
This index has nowhere to go but up. The uptrend line which served as a support line and a horizontal support line are shown in the chart. These two lines and the price action that will take place near these lines are important for us to know where the market is going and the right time to trade. We know that the market is going up but we do not want to buy at a...
Gold price chart formed a Triangle pattern. This tells us that the market is in a consolidation period where the prices are inside an area like a range. Triangle patterns are traded by breakouts. The breakout will tell us where the market wants to go and when that happens, that would be the time we'd put our positions. The Triangle formed when the prices made...
This pair is currently in a downtrend as can be seen on the right side of the chart. The Gap that is shown in the chart was formed when the bar significantly opened below the low of the previous bar. This indicates that the market really want to go lower and the nearest previous support which turned to resistance is the 1.3230 level. Current price is going back up...
AUDUSD is in a range bound trade since April 2014. The chart above shows that some of the Daily candlesticks closed above the range and suddenly came back within the range but there is no single bar that closed below the range. This indicates that the market wants to go higher but couldn't because there is not enough bulls right now. There were also two spotted...
The price of this pair has been in a range between 101.30 and 102.70 since February 2014. Although there were breakouts above this level, the price still went back within the range. The recent price movement did not just breaks this range but also broke the previous high made in April 2014. This new high indicates that the bulls are ready to take over and the...
This pair had been in an uptrend and currently in a range bound area. As many would trade a range bound pair by buying at support and selling at resistance, I would still see this as an uptrend and will still only look for Long trades at the support level. The Daily chart shows that the support area were tested a few times and were also respected. If that's the...
This pair is currently in a key support area. As can be seen in the chart, it is clear that this pair is in an uptrend. And because it is currently in a support area, we might see a price reversal here from the recent down move to a continuation of the price going up. Although the recent strong move here is down, I'm still bullish with this pair and will still...