It is difficult to figure where the Euro is going. An inspection of the daily and 4-hour charts reveal 2 possible scenarios. Bearish flag The daily charts suggest that the Euro may continue its downward move because of this continuation pattern. The flag is characterized by the
Read more →Based on a Weekly Chart, USDJPY is intact on a downward Channel as shown on the chart below. Even in the last year, the USDJPY has a smaller channel and is still on the downward trend. So, it is safer to trend following USDJPY by shorting it
Read more →Commitments of Traders (COT) Reportis a market report posted on Friday by U.S. Commodity Futures Trading Commission (CFTC) on the Tuesday’s open interest of Traders who are obliged by law to report on their open positions. As sample of it as below. Our interest is on Commercial
Read more →Bears might have reason to cheer if USDJPY can stay resisted. That’s because for one, the day chart shows price stalling at a multiple month support – resistance zone. Secondly, price has broken a trendline on the hourly chart and is now at a pullback confluence with
Read more →We are pleased to announce that Mr. David Yew is joining the training team. David will take up training and coaching responsibilities. He will also be contributing his insight in this blog. David Yew B. Sc. Comp. # Professional Trader and Full time trainer # Have been
Read more →The charts show a potential reversal of fortune in the EURUSD and USDJPY. The USDJPY hourly chart plots a double top that has broken its horizontal support. While this is traditionally a reversal chart pattern, confirmation has to come from another chart – the 240min. In this
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