Technical Analysis

EUR/USD Order Block and ABCD Pattern for Uptrend Continuation


The EUR/USD has formed a fake-out that was induced by stop grab pattern (false momentum caused by stop triggering) and it is clear that it formed an uptrend pattern. We can spot a near term ABCD pattern and Order Block which add up for POC (EMA89,H4,38.2) within 1.0610-25 zone. If...


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USD/CAD Failed Bullish SHS Pattern for Bearish Rejection


The USD/CAD formed a bullish SHS pattern (inverted head and shoulders) but it failed to provide a continuation to the upside. The pair is in downtrend and we might see an upside retracement towards POC 1.3080-95 (EMA89, H3, ATR top,38.2,order block). Rejection in the zone should target 1.3050 and 1.3020....


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USD/CNH Steady Uptrend Intact


Despite the strong Chinese CPI (Change in the price of goods and services purchased by consumers), the USD/CNH has formed a strong zig zag pattern for possible uptrend continuation. US PPI (Change in the price of finished goods and services sold by producers) showed better than expected result and technically...


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EUR/JPY Trapped in a Consolidation Pattern


The EUR/JPY has been consolidating close to POC zone with M emerging pattern shaping up. The POC 121.15-30 (trend line, ATR pivot, 78.6, order block) is also very close to H4 camarilla resistance and rejections from the zone could confirm M pattern. Rejections from POC targets 120.75 and a break...


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USD retracement complete?


The USD/JPY and EUR/USD retraced back to key Fibonacci levels which acted as strong bouncing levels. The USD/JPY saw a strong bullish reaction at the 38.2% Fib whereas the EUR/USD bounced at the 50% Fib. Check out this webinar for Chris's analysis and trade ideas for these pairs, plus the...


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