Tag Archives: wedge

Amcor – Trend line resistance could create an opportunity

In this low interest rate environment, investors have continued to buy good quality dividend paying stocks with relatively stable earnings outlooks. Many of these stocks have been pushed to Price: Earnings Multiples that are well above their long term average. This is understandable given low interest rates on … Continue reading

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Dow Jones – Pattern Setup

The Dow has been drifting sideways this month, unlike the Aussie 200 which is in full flight. I came across this US 30 CFD setup with the aid of the Pattern Recognition scanning tool in our Tracker platform. It looks like a … Continue reading

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US SPX 500 – backs off symmetrical resistance

Many technical analysts have been watching what looks as though it could be a significant resistance line in the S&P 500. Last night the SPX rejected this line on cue. Further declines below past peaks could make this a development worth watching. Interestingly, the Australia 200 … Continue reading

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NZD/JPY – Watching key resistance

The Bank of Japan meeting on Tuesday, left markets undecided. As expected, the Bank announced a 2% inflation target for the medium term and a significant stimulus plan to help achieve this. However, the new plan for monthly government debt purchases will … Continue reading

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AUD: CHF – Selling into a rally

Aussie: Swiss has the potential to turn into an interesting example of a sell set up for swing traders over the next day or 2.

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Wedge or Triangle? You decide – Aussie 200 Set for Hourly Breakout

As I said in the title, you could probably argue that this pattern is a wedge or a descending triangle. Happily though there is nothing to worry about because the profit target on the back of a breakout will be … Continue reading

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AUDCAD Potential Short Term Reversal Zone – Guest Post

The Aussie currency pairs are trending strongly at the moment.  DV34 who frequently contributes comments to the blog has been kind enough to provide a detailed post on his technical analysis of Aussie: CAD.  Although both are regarded as “commodity” currencies, Aussie is looked upon as being … Continue reading

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EUR:JPY – Wedge

The current rally in EUR: JPY has the potential to be the 5th and final swing in a large rising wedge formation. The height of this formation provides reward: risk scope for swing traders to sell if there is another rejection of … Continue reading

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USD:JPY – An interesting chart leading into a heavy data day

Today is one of those heavy data days with plenty of opportunity to alter market outlook. Significant releases include China’s February data; the US Non Farm Payrolls; a formal announcement on Greece’s debt restructure and UK industrial production One practical … Continue reading

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Apollo Group (APOL US) – Buy on Wedge Breakout

Hi everyone, the chart that I am looking at here is Apollo Group (APOL) and you can see that price has already broken out of a wedge formation. The reason I quite like the look of this setup is due … Continue reading

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