We see a bullish engulfing pattern emerge following a week of ups and downs with respect to the great greek tragedy of the day (or week, month, past 5 years...) Anyway point is people are feeling optimistic as the week ends although we do see a bit an upside tail which suggests that people were still cynical enough to take some profit Friday afternoon (refer to...
The AUD finished week (3/7) pushing through the Kumo cloud (area of consolidation) in doing so blasting through its last line of support the Senkou B (red line of cloud). With a hanging man followed by a shooting star earlier on the week signalling the impending reversal of recovery from the Monday morning open, the questions is how far down can it...
Price: bold yellow, Chikou: bold green, Tenkan: bold blue, Kijun: bold red.
Price has broken through a rising trend starting in mid-April that has carried through May and until the end of June.
Early warning:
The Tenkan and Kijun lines (blue and red respectively) have crossed signalling the beginnings of a trend reversal. This is supported by 12-period moving...