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GBP/CHF is one of the biggest downtrends in the Forex markets. Because of this, we always sell it, and we are presently watching this pair as it is rising. GBP/USD fell andGBP/CHF is one of the biggest downtrends in the Forex markets. Because of this, we always sell it, and we are presently watching this pair as it is rising. GBP/USD fell and bonced form the 1.60 level yet again bonced form the 1.60 level yet again. Play video >>
One of the most commonly followed chart patterns is the flag pattern. The flag pattern is normally a resting phase of a longer running trend. The flag by its very definition is a continuation pattern, meaning that if the previous trend is up, the expected move is up. It also works in reverse as there are also inverse or “upside down” flags as well. Play video >>
When we look at the weekly long-term charts, we see several different things at once. Looking at the USD/CHF, it is easy to see the world is running to the Franc again. EUR/USD looksl ike it is setting up for several different moves at once, and therefore is difficult to trade. EUR/CHF looks like it is going to keep plunging, and the bottom is nowhere in sight. EUR/GBP looks like a lot of trouble waiting to happen. Play video >>
AUD/USD falls, but looks supportive as we are still above the 1.05 area. The pair has been very bullish, and we are looking for buying opportunities The AUD/NZD looks absolutely horrible on the other hand, as the NZD remains extremely bullish in general. Play video >>
The head and shoulders pattern is a strong reversal signal that normally gets traders to sit up and take notice. There are two variations of the pattern, the normal head and shoulders, and the “inverse” head and shoulders. Play video >>
The USD/JPY pair rose as Japanese officials decided to verbally intervene in the market by stating the value of the Yen didn't reflect fundamentals. The USD/CAD got a bounce on Thursday. A wise trader would ignore it judging by the longer-term charts. Play video >>
One of the easiest to spot and certainly common chart formations is the rectangle. The pattern will repeat over and over throughout a trend, and simply means that the markets are taking a rest before the next move up or down. Quite often, they are continuation patterns, but there are specific rules one should follow before taking that trade. Play video >>
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