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NZD/USD Trend Continuation – October 13, 2014

NZD/USD Trend Continuation Right. Can we call it yet or is it still to early? Looking at the daily chart of the NZD/USD the price action shows us a good amount of consolidation, with a small stop-loss hunting spike above the 0.79250 range.  The sharp reversal of this pullback on...

EUR/JPY Triangle Pattern – September 3, 2013

EUR/JPY Daily Chart:   The EUR/JPY consolidation continues as the price begins to coil in a triangular pattern.  In the short term, it looks likely that the price will continue to push up until it reaches resistance around 132.30.  Once there, price can either bounce lower...

NZD/USD Channel September 2, 2013

NZD/USD 4 Hour Chart:   The NZD/USD is at the bottom of its channel, trading between 0.8100 and 0.7700, and is looking set for a potential bounce long.  On the daily chart, price has fallen quickly from its high @ 0.8162, stalling around the 0.7760 level, only to break down...

GBP/USD Pin Bar – August 29, 2013

GBP/USD 4 Hour Chart:   Yesterday the Pound looked set to test the support level around 1.5400, but stopped just shy and reversed nearly 100 pips to close the day @ 1.5524.  This resulted in the daily chart printing a long tailed pin bar.  For traders, these types of chart...
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