Tag Archives: resistance

Australia 200 Index – in the zone

Price action since February in the Australia 200 Index has done traders a favour by marking out clearly defined support and resistance. Although I don’t have a trade today, the release of Australian and Chinese data over the next few … Continue reading

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AUD/USD continues to rally – facing key short term resistance

The relative performance of the AUDUSD in the last few sessions has been quite impressive. As anyone who deals in the Australian equity markets would have seen we are being led by markets other than the US – in this … Continue reading

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Euro sighs and yawns into another session – Plus a trader poll

Despite my somewhat nonplussed title for this blog there is actually interesting stuff going on here today so keep your eyes open in the next 24 hours. As I suggested last week there is some weird stuff going on with … 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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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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Mean reversion and the great headline turnaround of 2012

Was it the news itself or the fact that European leaders found some common ground that drove markets higher? Whatever the case I think what we have seen in a number of markets is something of a bump on both … Continue reading

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AUDJPY – Hourly Ascending Triangle forms in Daily Downtrend

The nature of triangle patterns is to illustrate congestion zones in broader price trends. This is why a triangle that occurs in a ranging market is not likely to be of huge value. The other thing that traders need to … Continue reading

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EUR/AUD – Downtrend resuming – setting up for sell trade

One of the things that can be most valuable to trend traders is to align their setup search over a number of different timeframes. This usually means looking at monthly, weekly, daily etc charts to find alignment in direction. I … Continue reading

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EUR/USD – Stalking your prey may be the go

Whilst I normally write about trade setups that are imminent I thought today I would share with you a different perspective on looking at setups and discuss how looking at some different timeframes can give you a clearer picture on … Continue reading

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GBPUSD – Hourly Chart at Key Level

Whilst there has been little in the way of positive to grab hold of in recent sessions it has been quite notable that prices in a number of key indices have been finding a goodly degree of support in recent … Continue reading

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