Technical Analysis – Page 16

August 5
2017

Weekly Forex Technical Analysis (Aug 7 — Aug 11)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1506 1.1615 1.1693 1.1802 1.1880 1.1989 1.2067 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1607 1.1678 1.1794 1.1865 1.1981 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 30
2017

CAD/JPY Has Potential to Rally from Inverse Head-and-Shoulders

After hitting its multi-year low against the Japanese yen back in November of 2016, the Canadian dollar has done a great deal of recovering even though the first half of 2017 was a pure downtrend for the loonie. The current upward wave is completing the inverse head-and-shoulders pattern on a weekly timeframe. Below, you can see the pattern marked with the yellow lines. Although, the neckline seems to be broken, the currency rate has not […]

July 29
2017

Weekly Forex Technical Analysis (Jul 31 — Aug 4)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1485 1.1549 1.1649 1.1713 1.1813 1.1877 1.1977 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1558 1.1667 1.1722 1.1832 1.1886 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 22
2017

Weekly Forex Technical Analysis (Jul 24 — Jul 28)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1256 1.1345 1.1504 1.1593 1.1752 1.1841 1.2000 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1362 1.1538 1.1610 1.1786 1.1858 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 16
2017

Bearish Pennant (Flag) Appears on EUR/CAD 4-Hour Chart

Following the surge of the Canadian dollar on Wednesday, July 12, induced by the central bank’s rate hike, the EUR/CAD currency pair has formed a bearish pennant pattern on its H4 chart. Although it resembles a flag pattern, the converging edges make it technically a pennant. The chart screenshot below shows the pennant formation marked by the yellow lines. The cyan line marks the entry level positioned at 10% of the pennant’s height below the lower border. […]

July 15
2017

Weekly Forex Technical Analysis (Jul 17 — Jul 21)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1276 1.1323 1.1395 1.1442 1.1514 1.1561 1.1633 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1329 1.1407 1.1448 1.1526 1.1567 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 8
2017

Weekly Forex Technical Analysis (Jul 10 — Jul 14)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1198 1.1255 1.1325 1.1382 1.1453 1.1510 1.1580 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1258 1.1332 1.1386 1.1459 1.1513 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 1
2017

Weekly Forex Technical Analysis (Jul 3 — Jul 7)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0976 1.1074 1.1250 1.1347 1.1523 1.1621 1.1797 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1093 1.1289 1.1367 1.1562 1.1641 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

June 25
2017

USD/JPY Consolidates in Bullish Pennant After Rally

A rather rough bullish pennant pattern has formed on the 4-hour chart of the USD/JPY currency pair. The pair’s rally started on June 14 following a new monthly low. It has managed to set up a new higher high and then entered a consolidation that seems like a valid bullish pennant formation, which suggests a continuation of an upward trend after an upside breakout. The pennant is shown with the yellow lines on the chart screenshot […]

June 25
2017

USD/CAD in Ascending Channel on H4

After falling to its June 14 low, the USD/CAD currency pair began rising slowly, forming a perfect ascending channel pattern on its four-hour chart. A bearish breakout from this pattern would imply a continuation of the previous strong downtrend of the US dollar against the loonie. The channel is marked with the yellow borders on the image below. The cyan line is my entry trigger, which is placed at 10% of the channel’s width below […]