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GBP/USD showing bearish patterns on weekly, daily, and hourly charts 27 Aug 2013 | 05:07 pm
Yesterday I tweeted "EUR/USD looks to be setting up for a decline... I'd rather be short GBP/USD". Here's why. Weekly chart shows a break lower from a huge triangle, targeting a move to 1.30ish ie. ...
ASX 200 forming Head and Shoulders top? Or no top at all? 5000 the key 26 Aug 2013 | 05:00 pm
Last week I pondered whether the ASX 200 was wedging in to a top. Subsequently the market broke lower from the wedge pattern, but for the wedge interpretation to be correct the break lower should have...
USD/JPY testing trend line resistance, break higher to confirm EUR/USD weakness? 26 Aug 2013 | 04:36 pm
A break higher here would lend strength to the possibility that the US dollar index made a double bottom at the June and August lows, and that the EUR/USD is on the cusp of a steep decline. Of course,...
EUR/USD steep decline directly ahead? 25 Aug 2013 | 05:09 pm
The EUR/USD hourly chart looks to be setting up for a steep decline directly ahead, so long as last week's high is not beaten. The impulsive 5 wave move lower from last week's high defines the trend a...
US dollar index showing double bottom at June and August lows? 23 Aug 2013 | 09:10 am
Double bottom, or bottom of trading range, either way points to a substantial USD rally so long as this week's low holds. If so then obviously expect weakness from EUR/USD, GBP/USD, further weakness f...
EUR/USD testing Head and Shoulders top trend line resistance 21 Aug 2013 | 05:06 pm
USD/JPY testing parallel trend line support 21 Aug 2013 | 05:02 pm
ASX 200 testing trend line support 20 Aug 2013 | 05:22 pm
Daily chart includes after hours trade and shows the ASX 200 testing trend line support. A break of the intraday low would complete a bearish wedge and target a test of the June low.
Nikkei slices through trend line support, early days in another 60%+ decline? 20 Aug 2013 | 05:13 pm
4 hour chart shows the Nikkei futures slicing through trend line support. Zooming out (a lot) to a long term monthly chart shows the Nikkei turning lower from trend line resistance. The previous two ...
