Tag Archives: bollinger band

Bollinger Band Setup – GBP: AUD

A potential buy setup here could see a good sized correction of the 9% decline that’s occurred in the Pound against the Aussie since New Year’s Day. If one must back the Poms against the Aussie to make money, this looks a better option than the … Continue reading

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GBP: USD – Buy Set Up.

The Bollinger Band reversal setup I posted on Wednesday has been triggered. Here are some thoughts on stop loss management and profit objectives for readers interested in following this trade.

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GBP: USD – Bollinger Band Setup

Here’s a possible buy set up on the 4 hour chart

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Gold – Time to sell?

Gold closed up $35 when the Fed announced QE 3 last Thursday but has struggled to gain traction since. It is also parked at a significant resistance level. This sideways movement is now showing up as potential divergence in momentum indicators.   While I believe there … Continue reading

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Commonwealth Bank – a chartist’s point of view.

CBA will announce its results next week, having rallied 19.5% from the low in late May. From a technical analyst’s point of view, the CBA chart caught my eye as one showing the early signs of a potential reversal set up.  This situation … Continue reading

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Copper Leads

Traders watch copper closely – it can be a good leading indicator of global industrial and commodity sentiment. A trade signal in Friday’s trading on the daily chart could be important not just for copper markets, but for resource stocks … Continue reading

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Posted in Commodity, Market, Shares, Stocks, Trading | Tagged , , , , | 2 Comments