Tag Archives: resistance

AUD/CAD – Sell if resistance respected

We have been witness to some very aggressive selling of nearly all currencies against the USD in recent sessions. Whilst there has been some let up in this area in the last 2 sessions there are still some very interesting … Continue reading

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USD weakness slowing in the short term

Good morning everyone, I have attached a 10 minute chart of the Euro for you to take a look at but there is a similar formation happening with the AUDUSD as well which may be worth a look. As you … Continue reading

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AUDUSD finds short term support

Good morning to you all, Following on from my post yesterday you can see that we are now seeing early signs of a bullish reversal on the 30 minute chart of the AUDUSD. As I discussed you can see that … Continue reading

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Gold – Trade the Range

The big mover in overnight markets is gold. After taking two weeks to climb from $1,700 to just under $1,800, it gave up all the gains in one session, trading through a $104 range and touching a low around $1,686. … Continue reading

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Shorting setup on Bradken (BKN AU)

Similar to a post I put up last week for Television Broadcasts in Hong Kong , this setup is based on a fairly simple resistance level but I like the look of it because of the number of times this … Continue reading

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AUDUSD – the Setup when you’re not having a Setup

The current levels of the AUDUSD make for some interesting watching. You can see in the video below that the price has been squeezed in a formation that looks loosely like a triangle but because of a couple of flaws … Continue reading

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Bluescope (BSL) needs to push through plenty of resistance

Hi everyone – I thought some charts may be just the thing for the long weekend in Australia so here is one to be going on with: Source: Incredible Charts This is a really fascinating chart because it is running … Continue reading

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Oil Search at the high side of broadening top formation

Good morning to you all – we have seen the US markets climb again once more on the Friday session so it feels a little unusual to be delivering a bearish setup to you but this may well be worth … Continue reading

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Mineral Resources orbiting a S/R level

Again today I am posting a chart that wouldn’t normally be thought of as a setup in and of itself necessarily – but is well worth adding to your watchlist in any case because of the interesting technical characteristics that … Continue reading

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Gold price moving toward hourly 5 wave Fibonacci cluster

The XAUUSD (gold) price has moved well below its recent highs The fall in price has occured in a potential 5 wave pattern There is a significant Fibonacci cluster appearing with a 61.5% APP of wave 1 to 3; a … Continue reading

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Posted in Commodity, Forex, Gold, Market, Trading | Tagged , , , , , , , , | 3 Comments