equidistant channel Archive

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.

Currency pairs update 19 January 2016 (Week 03)

Currency pair update for members of Tflow® community. Support and resistance levels for China A50, EURUSD, EURGBP, EURAUD, AUDNZD, XAUUSD. Log-in required.

Currency pairs update 05 January 2016 (Week 01)

Currency pair update for members of Tflow® community. Looks at SiMSCI, NZDJPY, AUDJPY, EEM. Log-in access required.

Currency pairs update 17 December 2015 (Week 51)

Currency pair update for members of Tflow® community. Looks at DXY, FT100, NZDCHF, GBPJPY, GBPAUD, HSI, AUDJPY. Log-in access required.

Currency pairs update 07 December 2015 (Week 50)

Currency pair update for members of Tflow® community. Looks at NZDCHF, FTSE, NZDJPY, EURGBP, EURNZD, EURJPY, XAGUSD. Log-in access required.

Currency pairs update 03 December 2015 (Week 49)

Looks at big price action patterns, significant levels on weekly charts. Covered pairs AUDUSD, AUDJPY, NZDCHF, GBPUSD, GBPJPY, FT100. and DJ30

Best way to use equidistant channels in your forex trading

If you decide to use equidistant channels to analyse, plan your forex trade, follow these best practices. See my comprehensive approach with AUDJPY example.

2 forex pairs I am looking at for RBNZ Official Cash Rate event

Looking at NZDJPY and NZDUSD weekly charts showing prominent setups. This is my preparation for RBNZ official cash rate in 2 days, expectation of rate cut.