Technical Analysis – Page 14

November 18
2017

Weekly Forex Technical Analysis (Nov 20 — Nov 24)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1441 1.1539 1.1664 1.1762 1.1887 1.1985 1.2110 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1546 1.1677 1.1769 1.1900 1.1992 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

November 13
2017

GBP/CAD to Fall After Descending Triangle Formation

The rate consolidation that took form a descending triangle on the weekly chart of GBP/CAD reflects the broad weakness of the Great Britain pound, which is also seen in the EUR/GBP ascending triangle posted here yesterday. The downtrend in GBP/CAD lasts since 2015 and is forming a strong horizontal support since October last year. Traders taking this setup should be wary of its correlation with the one in EUR/GBP. The chart pattern is […]

November 12
2017

EUR/GBP Is Showing Long-Term Bullish Consolidation on Weekly

The euro is in an uptrend against the British pound since July 2015. However, the trend is stalling in a triangle-like consolidation since October 2016. The current form of the pattern lets traders conclude in favor of its validity. It can now be used as a breakout trade setup. You can see the triangle delimited with the yellow lines on the chart screenshot below. The horizontal cyan line shows the breakout entry point; it is […]

November 11
2017

Weekly Forex Technical Analysis (Nov 13 — Nov 17)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1462 1.1508 1.1586 1.1632 1.1710 1.1756 1.1834 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1516 1.1602 1.1640 1.1726 1.1764 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

November 4
2017

Weekly Forex Technical Analysis (Nov 6 — Nov 10)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1472 1.1533 1.1570 1.1630 1.1667 1.1727 1.1764 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1527 1.1558 1.1624 1.1655 1.1722 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 28
2017

Weekly Forex Technical Analysis (Oct 30 — Nov 3)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1246 1.1410 1.1509 1.1673 1.1771 1.1935 1.2034 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1394 1.1476 1.1656 1.1739 1.1919 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 21
2017

Weekly Forex Technical Analysis (Oct 23 — Oct 27)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1594 1.1662 1.1721 1.1790 1.1849 1.1918 1.1977 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1660 1.1717 1.1788 1.1845 1.1915 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 15
2017

Mix of Symmetrical and Ascending Triangle on Daily Chart of GBP/NZD

After this August’s failed symmetrical triangle pattern, GBP/NZD is consolidating in a fusion of ascending and symmetrical triangles. However, now it points towards an uptrend continuation following a bullish breakout from the previous symmetrical triangle. On the image below, the pattern itself is marked using the yellow lines. The cyan line is my entry level located at 10% of the triangle’s height above the upper border. The green line will serve as my take-profit level […]

October 14
2017

Weekly Forex Technical Analysis (Oct 16 — Oct 20)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1573 1.1646 1.1733 1.1806 1.1893 1.1966 1.2053 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1649 1.1739 1.1810 1.1900 1.1970 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 7
2017

Weekly Forex Technical Analysis (Oct 9 — Oct 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1515 1.1592 1.1660 1.1738 1.1806 1.1884 1.1952 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1590 1.1656 1.1736 1.1802 1.1881 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]