Tag Archives: breakout

Break Out!

Yesterday’s close on the share market has very important implications for investors and traders. At 5,036.9, the ASX200 is at its highest closing level since the GFC – the previous high point was 5,025.1, reached in April 2010. Recent market … Continue reading

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Going long Euro? Test a Triangle.

In a number of my recent posts I have been making some pretty bullish noises about the state of the euro. Most recently this opinion has been based on the bounce off the 200 day moving average and the break … Continue reading

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Taking an Inverse Head and Shoulders for a spin – Aetna

Like many people who enjoy a bit of ‘ye olde fashioned technical analysis’ it’s a heartwarming moment when you find a head and shoulder pattern because they are really the pattern of patterns. Especially from those who are not as … Continue reading

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BHP turns bullish with classic breakout

While the price of iron ore has been causing a goodly deal of concern in the market in recent weeks the ‘Big Australian’ has been slowly but surely starting to gain a bit of traction with the trader community. All … Continue reading

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Fed decision upcoming – USDJPY under pressure

This has been the week that has seen the ECB get a better set of fangs, the Fed being expected to fire some more funds into the system and the return to the blog of the descending triangle. The joy … Continue reading

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Driving the wedge – GBPAUD set for an hourly breakout

Yesterday it was the triangle and today it’s the wedge setup on the hourly GBPAUD chart. Something that we have discussed repeatedly in the past is the need to look at higher timeframes before making your trading decisions and this … Continue reading

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GBPCHF – a neat descending triangle set for breakout

It feels like forever since I posted about a triangle pattern from the FX space – happily though here is one which I think is pretty neat because it highlights one of the great things about resistance and how it … Continue reading

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Aquila Resources breaks descending triangle

The Trade Balance figures released out of China today was not really what the local market was looking for. The AUD copped it the fastest but from then on the selling in the wider equity market has heated up as … Continue reading

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AUDUSD – Key Moving Averages to Tell the Tale

The AUDUSD has been one of those slightly irritating trading pairs of late. Irritating because it has been tough to lump in with all the other currencies due to its often strong performances relative to currencies like the euro. Whilst … Continue reading

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Buy Gold on Pennant Breakout

When you look at the 4 hour chart of gold you can see the large symmetrical triangle that we have recently broken out of and the sharp rise in price that has followed from it. You can really judge the … Continue reading

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