The GBPUSD made record lows in September this year. Price declined to a new all-time
low at 1.0356 as it passed the low of February 1985 which was at 1.0520.
The British pound has strengthened since then, rising up 16%. And in doing so it has
moved back into the long-term consolidation zone.
Within consolidation, price is currently around the 1.2000 round number...
The EURUSD went on a 25% decline in 2014 through to 2015. WIth such a steap drop in only
a matter of months, it was only natural that price would fall into a long period of consolidation.
The consolidation period lasted much longer than anticipated. It lasted for 7 years and we eventually
saw price break through the consolidation support in July this year. Price...
After a 9-month waiting period, McDonald’s has finally created new all-time highs.
The previous all-time high was back in January this year at $271.
Following that, price then went into a range between $217 and $271 and managed
to pick up enough momentum this past week to force a breakout from consolidation.
Our task now is to confirm whether this is a fake...
The Dow Jones is leading the way for the three US indices by being the first to
recently break and close above the daily 200 simple moving average.
There was a previous break and close above the 200 simple moving average back
in August this year but this proved to be a fake breakout. Only to see price decline by 16%.
This recent move up has been more impulsive...
The USDJPY is now up 18% since breaking out from the major resistance at
125.85 from the June 2015 high. In the recent post for the USDJPY, price was
up 11%, so it has seen good growth since then.
The move is no surprise as price broke out from long-term consolidation, lasting
almost 7 years. Following this strong current move, we can expect another period
The S&P 500 is at a major point because it is currently being held up by the
200 simple moving average, which, if it fails as support, could see price freefall
forming a bear market.
Back in March 2020, price breached the 200 simple moving average, but its
time below this indicator was short-lived as we saw a quick return back above
the 200 smiple moving...
The Forex market has come alive after many years of very little activity. One pair in
particular that stands out is the GBPUSD.
Following the long-term consolidation, between 1.1409 and 1.4376, which held price
at bay from October 2016 until this month, price has taken a sudden dive through support.
Price reached historic lows this month, creating a low at...
The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022
and the buyers are looking strong for September so far.
Price was previously in consolidation between January 2017 and June 2022 and when
price consolidates for lengthy periods of time such as this, we can expect strong moves
in the direction of the breakout like we see at...
The USDJPY is now up another 1% since the previous post, taking it to 11%
from the breakout which occurred on Apr 11, 2022.
We see a clear pattern of higher highs and higher lows, indicating that a bullish
trend is in play and as long as this pattern continues, we are likely to see further
moves to the upside.
There are previous highs above price but we can...
The Dollar Index bounced off the support level from the May 13th high a second
time on August 10th at $105.
Since the start of the year, price has been making a consistent pattern of higher
highs and higher lows, and this most recent pullback appears to be following this
We need to see now that the buyers continue to push price skywards and...
As expected, the S&P 500 has reacted to the daily 200 simple moving average
which is acting as resistance.
Basic indicators such as the moving average can tell us before the fact where
price may struggle and potentially reverse.
This move is not a reversal at the moment, a barrier has been formed, and it
will just take the buyers a bit more effort to break above...
The S&P 500 is currently deciding which direction to head next now that it has
come back up to a previous support level which is acting as resistance.
Price moved back above the $4000 round number on July 27th with strong
bullish moves, but price has now slowed down at resistance at $4114.
If this level is cleared, the next level of resistance is the 200 simple...
The Dollar Index is a slow creeper and could prove to be a strong mover over the
next few months as it is forming a consistent pattern of higher highs and higher lows.
We saw a strong move to the upside on July 5th and price continued to move up
until July 14th which is where price started to pull back.
Price moved down to a cluster of support consisting of the...
Last month, the S&P 500 bounced off a significant support level in the form of
last year’s low at $3662, and this support has held strong ever since.
This month’s candle is looking healthy and bullish following that strong bounce,
and we now want to see this bullish momentum continue.
The $4000 round number is a psychological level of resistance and could...
In the last post on the USDJPY, price was up 9% since breaking above resistance
at 125.85, which is the high from June 2015. Price has now moved up an extra 1%,
bringing the total to 10%.
Price is forming a neat linear trend with small clean pullbacks along the way up.
The 20 simple moving average on the daily timeframe has been acting as support.
The next major...
With the US Dollar now on the move, some forex pairs are forming trends and one of them
is the USDJPY, which recently broke out from long-term consolidation.
Price started to consolidate in June 2015 and broke above resistance in April 2022.
There was a nice move up, and then a pullback, then price continued to move back to the upside.
Since breaking out, price...
The US Dollar has moved up 3% so far this month and entering price levels
we haven’t seen since 2002 and still climbing.
Price was previously in an area of consolidation, which ran from 2017. With a
breakout from a long period of consolidation, we can expect a strong move in
the direction of the breakout.
The 3% move to the upside this month equates to $3 and...
The price of US Oil has not consistently traded above the May 2011 high at $114.79
since the high was formed as price has not remained above this level.
Price did move above this resistance in March, May, and June, but the sellers forced
price back down again.
We have a major support level below price in the form of the $100 round number,
which may prevent price...