The AUD/USD pair is trading in a side way pattern on a 60 minute time frame. The price is trading within the Bollinger band and close enough to its 20 day moving average which shows that the volatility for the pair is low. The pair is also trading below its downward trend line. The RSI…
Read MoreThe GBP/USD pair is trading above its upward trend line on a four hour time frame. The price is mostly trading in a side pattern but still above its upward trend line. We have also formed a small symmetrical triangle pattern and these patterns are ranked towards the bottom of the list and this because…
Read MoreFundamental Analysis These days it is all about finding the niche in the market and cashing that idea and this will be the biggest challenge for Yahoo’s new invention. The real value these days is in the phone arena and Yahoo certainly understands the importance of this. Watts app shows a clear example of this.…
Read MoreThe EUR/USD is trading in a downward channel on a 4 hour time frame. The price has touched three times the upper line of this downward trend line. The volatility for the pair is low as it is trading within the Bollinger band and it is also close enough to its 20 day moving average.…
Read MoreThe FTSE 100 index is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside. Further confirmation of this comes from the 50 and 100 day moving averages (shown in yellow and red respectively) which are trading well above the price. This translates that…
Read MoreThe USD/JPY pair has formed a reverse head and shoulder pattern on a 4 hour time frame. However, the price has broken its neckline towards the downside and this means that either we could be forming another right shoulder and this will change the pattern to complex reverse head and shoulder pattern. The price is…
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