Browse By

Tag Archives: wash N rinse

XAUUSD weekly chart in line chart format

Thoughts of the day on NZDJPY, XAUUSD and SiMSCI

Look at NZDJPY which has potential to fall off a cliff and make a big move. SiMSCI could have topped with a very common reversal pattern. XAUUSD is also looking toppish and could turn out to be a disappointment to gold bulls.

4Shares
AUDSGD weekly chart from late-2014 to present

Simple lesson in forex trend, reversal here with AUDSGD

A look at simple price action indication of change of trend: price expansion. A bearish price expansion terminates an uptrend sequence of higher highs, higher lows while a bullish price action does the opposite. Making a trade entry after such a signal ensures that we got the trend and timing correct.

9Shares