Tag Archives: Forex chart

Morning Technical Notes – Friday 31 May

Today’s wrap and technical outlook for indices, commodities and currencies

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GBP: AUD – Divergence Set Up

After a month of full on trending, some of the Aussie pairs are beginning to show signs of divergence. GBP: AUD looks the most clear cut example to me. A weak close to the current candle would also mean an … Continue reading

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Aussie Dollar hits key support

Many technical analysts have been waiting a long time for the Aussie chart to return to its long term triangle support. Last night was the night. What happens from here could set the medium term outlook for Aussie.

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AUD: USD – Triangle

The Aussie Dollar 4 hour chart has formed a symmetrical triangle. This looks to me like a situation that could create 2 or three different opportunities for swing traders depending on how price breaks

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GBP: USD – Bollinger Band Setup

Cable has the early look of a possible “W” reversal buy setup after its 3 week decline.

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AUD: JPY – Sell on trend break

With company and commodity markets being sold last night, the Aussie: Yen chart might be one for swing traders to watch if we do at last get a “risk off” correction in the near future.

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Aussie Dollar – Chart Outlook

The 200 day moving average is often a key level for markets. The Aussie fell below it in early February but has since lost momentum. Taking a tour through Aussie charts in different time frames, leads me to the view that selling into rallies (provided a … Continue reading

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EUR: JPY – Head and Shoulder

It’s very early days yet but the 4 hour chart is starting to show promise as a head and shoulder reversal pattern. Given the big picture shark pattern, that DV34 has been keeping us up to date with in his … Continue reading

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Euro Pairs – The Big Picture. Guest Post by DV34.

Quite a few of the Euro pairs are reaching some key levels and I thought I would share some thoughts on most of them in one post…

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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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