EURUSD - Long term monthly chart spanning 45 years with parallel channel. Time cycles are shown which coincide perfectly with the lows.
Not a trade idea. Just thought it was an interesting chart.
Looks like USD bulls have been trying to step it down below support (Pre-Breakout Squeeze?).
GBPUSD - Price recovered from a false break below wedge support this week. Price was also supported by swing lows from 2016 and a rising trend-line originating all the way back from 1986 (Blue dashed line).
After breaking below, price tested the under side of both the wedge and the trend-line before recovering and closing the week above support. The false break...
USDCAD - Price broke below long term ascending channel on the daily chart. Since then price has retested channel support turned resistance twice and was rejected. Price looks like it just starting to break down.
Will post a 1 hour chart in the comments showing price retesting the larger channel within a smaller channel.
DXY - Price within rising wedge (bearish flag) is approaching larger channel resistance.
Price has been leaning on wedge support for quite a while....
EURUSD and GBPUSD have touched major support levels (1.10 & 1.20)
Fed expected to continue interest rate cuts and initiate new rounds of QE. Central Banks dumping US Treasuries and buying gold. USD is facing a...
Silver broke above an important trend-line on the weekly chart with an impressive move in the Asian session.
15 min chart showing a re-test of this level. Will post a related chart.
Looking for silver to go much higher in the near future.
Not really posting this as a trade idea.... I thought it was an interesting chart.
Parallel channel on the monthly chart dating back over 40 years. Interesting to see how clean the lines are over time.
GBPCAD is approaching a key support level. Patiently waiting for price to test this level.... If price breaks below, it exposes another 500 pip drop.
GBP is sitting at multi-year support levels across a number of pairs.
GBPCHF is approaching multi-year critical support levels...
Might have a little further to drop. Watching 1.16 / 1.15.... Expecting to see at least some kind of technical bounce from this zone.
Small position, wide stop, scale in upon confirmation of trend reversal.
AUDCHF tested key horizontal support / falling wedge support last week. After testing support we got a 160 pip bounce. Looking for bulls to protect this level if retested.
Three suggested TP levels. The middle one producing a 4.8 RR with a stop below 0.65....