equidistant channel Archive

Is this the top for AUDUSD and NZDUSD?

AUDUSD and NZDUSD may have topped 2016. There is also a broader picture since AUDUSD has demonstrated a high positive correlation to China's stock market.

Week 34 forex wrap up AUDUSD, NZDUSD and XAUUSD

Week 34 2016 price action can be described only as moribund followed by Jackson Hole come alive. Last 12 hours trading was also shoot-one-way, U-turn-the-other with initial bearish USD followed by bullish USD. Torn, indecisive action or just herding traders into a big trap?

For now DXY pendulum has swung the other way

DXY appears to be weakening and in danger of breaking out of channel. USDCAD is falling out of 4-month consolidation so WTI is concurrently strengthening.

3 charts to note if you play AUDUSD long

Between an early bull and a late one going AUDUSD long, the proposition is very different. AUDUSD is strong but approaching resistance levels. There are 3 charts here you need to look.

Currency pairs update Week 31 2016

A look at NZDUSD and USDCAD setups. Both are suspected of potentially reversing in a strengthening of USD. USDCAD is most prominent with a 4-month consolidation at stake.

Gold resisted and trading down but is it bearish?

Gold/XAUUSD continues to be resisted, year to year down trend remains intact despite blazing rally. Something bullish did change however as we see 6 monthly price action reverse.

‘Bloody’ describes US energy sector stocks last night

Energy stocks sink after WTI hits resistance on weekly chart. If big trend remains intact, WTI's rally was merely retracement. Price could revisit 2016-low.

10 weeks at this resistance, time for XAUUSD to find support

XAUUSD failed to achieve new high since 10 weeks. Bears turn to discover where support is, how high gold bulls are willing to catch any price correction.

Gold bullish strong resistance overhead; year – year down intact

Best performer YTD, gold is still in a year - year down trend and captured by a downward equidistant channel. Resistance from 1300 - 1330 and support from 1180 - 1210.

Currency pairs update 21 January 2016 (Week 03)

Update for members of Tflow® community. Support and resistance levels for AUDUSD, AUDJPY, WTI, China50, NZDCHF, USDSGD, GBPAUD. Log-in required.