Technical Analysis

November 16
2019

Weekly Forex Technical Analysis (Nov 18 — Nov 22, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0940 1.0965 1.1008 1.1032 1.1076 1.1100 1.1144 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0969 1.1018 1.1037 1.1085 1.1105 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

November 9
2019

Weekly Forex Technical Analysis (Nov 11 — Nov 15, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0807 1.0912 1.0965 1.1070 1.1124 1.1229 1.1283 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0899 1.0940 1.1057 1.1098 1.1216 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

November 6
2019

EUR/USD to End Its October Correction with Double Top Reversal?

EUR/USD has formed a classical example of a double top pattern on its daily chart. It had started on about October 17 and had finished its development by November 5. The double top caps the corrective wave that had started back on October 1 inside a larger long-term downtrend experienced by the euro against the US dollar. Will this pattern spell an end to the bullish tendency or will it fizzle out? It […]

November 3
2019

Non-Standard Bullish Pennant on GBP/CHF Daily Chart

The bullish pennant pattern that has formed on the daily timeframe of GBP/CHF chart doesn’t look like a classical example of a bullish pennant. The pole of the pattern consists of several candles and lasts for almost as long as the pennant part. I believe that this doesn’t invalidate the trade setup offered by this formation. More important to me seems the fact that the pennant occurs inside an uptrend. The chart below shows the pattern marked with the yellow lines. […]

November 2
2019

Weekly Forex Technical Analysis (Nov 4 — Nov 8, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0998 1.1036 1.1100 1.1138 1.1202 1.1240 1.1305 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1043 1.1114 1.1145 1.1216 1.1247 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 27
2019

AUD/USD Might Bounce Off of the Double Bottom

The long-term downtrend seen on the weekly chart of the AUD/USD currency pair is extending since January 2018. Starting from late July 2019, the pair is consolidating in a formation that now resembles a double bottom pattern. A successful bounce from the second local low can lead to a strong upside wave with a potential for a long entry. The chart below shows the pattern’s neckline and the two bottoms marked with the yellow lines. The cyan […]

October 27
2019

GBP/CHF Consolidates in Symmetrical Triangle on Daily

The uptrend in the pound vs. franc trading history is rather fresh if we look at the daily chart — it has started to rise just in August this year. After a brief correction that spanned from mid-September through the first decade of October, the pair rallied strong and is now consolidating inside a short-term symmetrical triangle. Breaking out to the upside from this formation will provide a good bust for GBP/CHF to rally […]

October 26
2019

Weekly Forex Technical Analysis (Oct 28 — Nov 1, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0935 1.1004 1.1042 1.1111 1.1148 1.1217 1.1255 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0996 1.1026 1.1103 1.1133 1.1209 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 19
2019

Weekly Forex Technical Analysis (Oct 21 — Oct 25, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0871 1.0931 1.1050 1.1110 1.1229 1.1289 1.1408 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0946 1.1079 1.1125 1.1258 1.1304 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 12
2019

Weekly Forex Technical Analysis (Oct 14 — Oct 18, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0842 1.0892 1.0964 1.1013 1.1085 1.1135 1.1207 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0897 1.0975 1.1019 1.1097 1.1141 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]