Browse By

Monthly Archives: January 2018

EURAUD daily chart from June 2017 - January 2018

Are EURAUD and EURNZD waiting for their turn?

Both EURAUD and EURNZD have been rangebound since 6 weeks. Their daily and monthly charts paint a compelling picture. Hopefully a driver will come along soon – if the final direction is down, there appears to be room for a big move.

BTCUSD daily chart

How do I tackle this BTCUSD chart?

I can’t make up my mind about this chart. Technical analysis concepts do apply but fluctuations are just huge. Try to slice finely on very low time frame or go for broad strokes and be ready to deal with big P/L movement?

USDJPY 3M chart 1987 - present

6 out of 7 forecasts to get USDJPY wrong?

Out of 7 USDJPY forecasts compiled in the beginning of the year, 6 appear to be wrong. It is 11 months too early to tell but does not bode well. Price takes the path of least resistance – JPY charts suggest this ‘least resistance’ path is down.