The following is the four hour chart of AUDUSD currency pair as of June 6th, around 8:30 PM EST time. There is a clear support at the bottom of the chart. The price may break the support line or reverse at this point. But if you observe the stochastic indicator and CCI they both are [...]
The following is the hourly chart of EURUSD as of April 4th, 2010 around 2:30 AM EST. If you observe the chart there was a trend line at the bottom of the chart and the trend line is currently breaking. In another 30 mins. London market will start and if the trend line is broken [...]
The following is the hourly chart of GBPJPY currency pair as of March18, 3 AM. If you check this you can see that there is a trend line that was broken in the hourly chart. I was observing the 15 min. chart also and in the 15 min. chart when it retraced back I entered [...]
AUDNZD ascending wedge:
The following is the four hour chart of AUDNZD. It was in an ascending wedge for some tome and it was broken two days back. I was watching both four hour chart and hourly chart and when it was broken in hourly chart, it retraced back to the trend line. When it retraced [...]
The following is the four hour chart of AUDJPY currency pair as of Feb. 18th, around 2 AM EST. If you observe the chart you can see that it was going in an ascending wedge. Now it is also forming a double tops. If the bottom trend line for the ascending wedge is broken with [...]
The following is the four hour chart of AUDCHF as of Feb. 19th, around 12 AM EST. If you observe the chart you can see that it is going in an ascending wedge. It looks like it is breaking the bottom trend line of the wedge. If there is a strong candlestick formed breaking the [...]
The following is the four hour chart of EURUSD currency pair as of Feb. 18 around 11 PM EST. If you observe the chart you can see that it was going in a channel for some time and the bottom trend line of the channel was broken around 4 hours back. So I am expecting [...]
The following is the hourly chart of GBPUSD hourly chart as of Feb. 16th, around 2 AM EST. I have drawn two trend line and it formed a symmetrical triangle. It looks like the top trend line of the symmetrical triangle is breaking. There is still 5 more mins. for this candlestick to be completed. [...]
The following is the GBPUSD hourly chart as of FEB. 15th, around 3PM EST. I have drawn two trend lines one at the top and another at the bottom and you can see that it has formed a symmetrical triangle. The triangle might be broken at any time. If the triangle is broken with a [...]
The following is the USDCAD hourly chart as of FEB. 15th., around 3 AM EST. If you observe the chart you can see that it is going in a downtrend. I have drawn two trend lines one at the bottom and one at the top and it formed a symmetrical triangle. It’s not exactly a [...]
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