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Technical Analysis


AUDJPY – continuation of increases after breaking the channel? – 27/11/18

No ratings yet. The AUDJPY in the second half of last month bounced dynamically from key support at 78.70. This resulted in the establishment of a higher high, and moreover, for several weeks, the quotations remained above the average EMA 10/20, which indicates the advantage of the demand side. On the other hand, after switching Read the full article…



EURUSD – attempt to break from descending wedge – 08/11/18

AUD?USD

No ratings yet. EURUSD – After setting a maximum of 1.2555 in January this year, the pair moved until mid-April in a wide 300p consolidation and at the end of April overcome its lower limit and moved dynamically to the south. After reaching the level of 1.1500, it again started to move in consolidation, from Read the full article…



AUDUSD – 3 reasons to go Long – 29/10/18

No ratings yet. AUDUSD has been in a downward trend since the beginning of the year. Within 10 months the pair dropped 1,100p, setting last Friday at the level of 0.7020 minimum of the year. Friday’s candle covered completely the Thursday candle, creating the formation of the Engulfing Bar called also Outside Bar The direction Read the full article…



GBPCHF – Inside Bar 15/10/18

No ratings yet. GBPCHF – The pair from mid-April this year moved in a bearish channel, which resistance and support were fairly well respected. At the end of September, the resistance of the channel was broken and the price moved quite dynamically north. The last session of the last week ended with a bearish candle Read the full article…



USDJPY – will the correction be continued? – 08/10/18

AUD?USD

No ratings yet.   USDJPY – Last week I wrote about this pair in the context of the expected downward correction. The predictions become a fact, and since then the quotes have already dropped by 80p. The declines reached the line of the short-term upward trend, lasting since the beginning of September, which was a Read the full article…



USDJPY – time for a correction? – 04/10/18

AUD?USD

No ratings yet.   USDJPY – moves in an upward trend since the end of March this year when the pair set the minimum at 104.55. Yesterday’s session ended at 114.55 which was the record of this year, giving an increase of 1000p in 6 months. On the Daily chart, we see that the price Read the full article…



Price Action and MACD – way to increase probability of wining – 15/09/18

AUD?USD

No ratings yet. Recent weeks have been full of setups based on this PA+MACD strategy so I would like to share with you a short description of it. While trading on the forex market I had the opportunity to test a dozen of indicators offered by the MT4 platform, which I one by one eliminated Read the full article…



NZDUSD – end of correction according to PA+MACD strategy? – 22/08/18

No ratings yet. NZDUSD – has been moving in a downward trend for a long time, and from August 15, an upward correction is underway. I noticed that the closing of the last candle on H4 was accompanied by the creation of a maximum on the MACD, which starts to decrease. According to the PA Read the full article…



USDJPY – In a bullish channel 11th of May

AUD?USD

No ratings yet. USDJPY – Last Friday I analyzed this pair predicting declines, which turned out to be quite limited, as they amounted to only 50 pips. When the pair reached the bottom of the channel in which it is moving since March this year, there was demand and the price went north again. Today, Read the full article…



EURAUD – Head & Shoulders heralds Declines ? 05/04/2018

AUD?USD

No ratings yet. EURAUD – I have written about this pair twice recently. On Wednesday last week I analysed a bearish formation (Outside Bar) which was formed on this pair. This week, the price left the formation thru the bottom falling to the nearest support level of 1.5980. There was a demand reaction that led Read the full article…



EURAUD – Retesting Outside Bar -03/04/2018

AUD?USD

5/5 (1) EURAUD – in the previous analysis (29/03) I described the formation of the Bear Market (Outside Bar), which as a typical bearish formation pointing to declines. The predictions proved correct, the price left the formation thru the bottom and reached the level of the nearest local support of 1.5980 (the blue zone). According Read the full article…



EURJPY – False Breakout from Inside Bar and a chance for Declines 15/03/2018

No ratings yet. EURJPY moved in the ascending wedge from August 2017. On 7.02 this year had overcome its lower limit and began dynamic declines. The price reached 129.30 where an upward correction began. The candle from March 8 creates until today an Inside Bar from which we already had two attempts to break the Read the full article…



NZDUSD – Breakout from Weekly Inside Bar -28/02/2018

AUD?USD

4/5 (1) Quotations on NZDUSD last week (19-24.02) were included in the range of the candle from the previous week (12-17.02), therefore the formation of Inside Bar was formed with the range of 0.7430-0.7230 – around 200 pips. At the beginning of the year, the pair broke the 7-month downward trend line (thin blue line). Read the full article…



EURJPY – Break Out from Ascending Wedge Heralds Declines – 12/02/2018

AUD?USD

5/5 (1) EURJPY – on Thursday last week, the price broke out from a ascending wedge build from September 2017. On Friday there was a very precise re-test of the lower limit of this wedge, and the session ended at 133.25. Technically, the situation seems quite clear, the likelihood of continuation of declines is very Read the full article…



EURNZD – Head & Shoulders heralds declines ?

AUD?USD

5/5 (1) EURNZD – the current situation on this pair confirmed the downward scenario described in the analysis from January 8 –http://comparic.com/eurnzd-leaves-channel-attacks-neckline-hs-08012017. This is how situation looked like on EURNZD on January 8, when the pair broke the neck line of the formation Head & Shoulders. I expected return of the price to the bottom Read the full article…



USDJPY – Attack on Head & Shoulders Neckline

AUD?USD

No ratings yet. USDJPY – The year 2018 began with quite intense declines, since the opening of Asian markets (some are still celebrating), the pair has dropped 60 pips. On the Daily chart, we can see a characteristic Head & Shoulders formation, where the right arm (113.75) was confirmed by the next lower high created Read the full article…



EURNZD – Head & Shoulders and Breakout from Bullish Channel

AUD?USD

5/5 (1) EURNZD – situation on this pair becomes more and more clear. The pair has been growing since the first days of February this year, and since July it has been moving in a growth channel quite closely respecting its lower and upper limits. On Tuesday, the price left the channel, breaking its support Read the full article…



NZDUSD – Three Reasons to be Bullish ?

No ratings yet. When doing a technical analysis of a currency pair or some other financial instrument, we should try to find on the chart as many formations as possible that will strengthen our belief that the instrument will behave in line with our expectations, frankly said we look for confluence. Confluence in this case Read the full article…



USDJPY – Breakout from Inside Bar – 20/11/2017

No ratings yet. Trading Inside Bars –here you will find analysis based on one of the most known Price Action formation – Inside Bar. Statistics show that best results gives breakout from Inside Bar formation on Daily chart, so mainly this time frame charts will be analysed.   Last week on the USDJPY daily chart was formed an Read the full article…



Strategy EMA144 – Overview of Setups 05/11/2017

AUD?USD

5/5 (3) At the beginning, let’s go back to the two setups I wrote about in the previous article. EURJPY H1– in line with the strategy Sell order opened at the crossing of price EMA144 (132.63), it would give until now around + 20p. EURUSD H1 – the price has crossed the average at 1,1666 Read the full article…



Analysis for Newbies: EURNZD and Head & Shoulders Formation

No ratings yet. EURNZD after a strong upward movement was not able to establish new maximum. This behavior of price indicates exhaustion among sellers, and technically means creating the right arm of head and shoulders formation. As you can see on the following 4-hour chart, the diagonal neck line of the formation was broken, but Read the full article…



Option for Today – PUT on AUDUSD 10/10/2017

5/5 (2) AUDUSD from last Friday moves in consolidation. As a result of the overnight gains, the market reached the upper limit of this box, converging precisely with the 38.2% Fibonacci correction, where the first (and weak so far) supply response occurred. Permanent rejection of this zone could open the way to declines. In the Read the full article…



EMA 8/20 – 5 minute Strategy for Options

4/5 (1) With the beginning of September, we began ( on comparic.com) a new series of analyses in which we test and validate the effectiveness of various Binary Options strategies. So far we have reviewed the End of the Day strategy, a detailed summary of which is available in a separate article and the EMA Read the full article…



GBPJPY- Head & Shoulders – Declines Coming?

AUD?USD

No ratings yet. In the article from the beginning of September I analysed the inverse H&S on this pair and the movement that followed after its implementation exceeded all expectations. From the charts I expected 400 pips but came out 950 pips. Now at the top of this rally is formed next H&S formation and Read the full article…



GBPCAD – Breakout Looming

5/5 (2) GBP/CAD daily chart shows a very dynamic bullish trend that formed after a third rebound from lasting near a year support at 1.58. The last 3 days brought a very weak correction which yesterday was first deepened, and in the lower area the demand made an effective counter-attack. Sizeable bullish pinbar breaking with Read the full article…



Price Action Setups-AUDJPY, EURUSD, GBPAUD, USDCAD September 21th, 2017

AUD?USD

No ratings yet. Finally it’s after FOMC and we can go back to trading. It seems that the markets were waiting for FED’s decisions because recently there was not much happening on the charts. Lets go to the charts and search for interesting setups: AUD/JPY: The pair broke strong resistance yesterday, and today’s candle is Read the full article…



GBPCHF-Time for Correction ?

No ratings yet. The option for today is a series of articles about binary options. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis. As a result of lasting since August 29th growth, GBPCHF has reached the upper limit of consolidation from June 2016, Read the full article…



Analysis for Newbies: GBP/JPY – On the Way to Resistance

5/5 (1) On the daily chart GBP/JPY continues a strong upward movement lasting from the beginning of August. As you can see on the chart, pair is swinging a lot recently, ie alternating upward and downward movements are lasting enough time to earn on each such move. Comparing these swings, it can be said that Read the full article…



AUD/USD breakout

AUD?USD

5/5 (2) The aussie has broken out of consolidation . The aud/usd has broken out of consolidation as my analysis late in August Looks like it will be heading out to target range Low risk TP at .81600-700 High risk TP .85000 Hope you all caught this one. Those that haven’t yet please sign up Read the full article…



Head & Shoulders- Does it Work on Cryptocurrencies ?

5/5 (1) Head & Shoulders (H&S) – this is a formation that consists of three local highs – the left shoulder, the head and the right shoulder. This pattern belongs to one of the most reliable and its confirmation is to breaking the neck line. The potential range of declines determines the distance from the head Read the full article…



CHFJPY and GBPJPY – Head and Shoulders Close to be Completed

AUD?USD

5/5 (1) CHFJPY pair described in the previous post slowly but effectively after determining the level of the right arm tends to the neck line, at this moment it still has to travel 140 pips to the south. Perhaps it is worth to open Sell with Stop Loss near the previous high on H1 – Read the full article…



Analysis for Newbies: AUD/CAD – Towards the Previous Low -100pips to Go

5/5 (1) AUD/CAD on daily chart indicates a moderate down trend. Since the end of May price respects edges of the bearish channel. Currently the price oscillates at the level of two previous, local lows. It does not seem to be so strong that it can stop the downward movement. Descent below 0.9850 can therefore Read the full article…



CHFJPY-Head & Shoulders under Construction – SELL ?

AUD?USD

No ratings yet. Week ago I described  situation on CHFJPY and the possibility of creation a Head & Shoulders formation and in the last sentence I wrote: “But before that we have to finish drawing the right arm and CHFJPY should reach the green zone at 115.20.” (read all)…   So it happened, that is, Read the full article…



Trading Binary Options: AUD/CHF – PUT, NZD/CAD – CALL

No ratings yet. AUD/CHF – as a result of yesterday’s dynamic gains, market reached local resistance where today a strong supply response has emerged. Rejection of this level makes us expect continuation of declines in near future. In the short term, therefore, it is useful to consider PUT options on this instrument. NZD/CAD – As Read the full article…



Harmonic Trading – GBPJPY, EURPLN

No ratings yet. Last week I pointed to a potential harmonic formation on the EURPLN pair. If the CD was equal to AB, it would be a classic straightforward correction that is highly effective. However, as long as the 4.3130 test is not sure, the formation may never be formed (more in the analysis “potential Read the full article…



Will the Aussie make new highs?

AUD?USD

5/5 (2) Price action patterns AUD/USD breakouts? A few weeks ago I was talking about a possible triangle breakout on the AUD/USD weekly chart.  I have been quite bearish on the Aussie until recently noted that the US Dollar is now being defined as a bearish market and could be in a decline for some Read the full article…



CHFJPY-Head & Shoulders on Daily and Weekly Charts

AUD?USD

No ratings yet. Very interesting “figures” draws pair CHFJPY on the Weekly and Daily charts. I do not like pairs with Swiss franc (CHF) due to its volatility resulting from unpredictable SNB actions (I still remember January 2015 ) and higher spread than on other crosses, but looking generally at the currency market – should Read the full article…



GBPJPY – Waiting for Test of Support 139.00 ?

No ratings yet. For almost 1.5 months GBPJPY moves south. The losses started with an unsuccessful attempt to break resistance at 147.80 and led the price to today’s low at 139.47. Support test at 139.00 has become unavoidable at this point. The open question remains whether the indicated level will be tested today or during Read the full article…



Will a Head & Shoulders Pattern Form on GOLD ?

4/5 (1) GOLD market has been moving north for a long time. Due to this growth its price reached and even surpassed the level of 1300 USD, which resulted that last Friday GOLD was most expensive since the beginning of the year. In the area around this level a strong supply reaction quickly occurred, and Read the full article…



AUDJPY – Range of Declines of H&S Formation Completed

No ratings yet. In a August 3 analysis entitled “AUDJPY breaks neckline of H&S formation ,bears target 86.45“, I pointed out that the target would be 86.45 with possibility of deepening this movement to another support of 85.80. Exactly this scenario was realized on AUDJPY, and to complete this movement one bearish week was enough. Read the full article…



SILVER – Time to SELL ?

No ratings yet. On daily chart we see that price of SILVER after a period of growth starts to turn around. It’s a third consecutive bearish day, and yesterday’s session drawn a supply pin bar. Also weekly candle is preparing to be the first bearish in 3 weeks. The place of retreat is not accidental, Read the full article…



From Investor to Scalper – GBPUSD – Potential for 700 pips Growth

AUD?USD

No ratings yet. After announcement of results of referendum in 2016, in which the British voted 51.87% to leave the EU, market have beaten very important support at 1.3850 level. As a result of subsequent falls, the price of Cable was at its lowest level since May 1985. Looking purely technically on the current market Read the full article…



Option for Today – PUT on GOLD 25.07.2017

No ratings yet. GOLD market has been calmly moving north for a long time. In result of these increases, price reached area of significant resistance zone where yesterday first supply reaction occurred. After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As Read the full article…



From Investor to Scalper- NZDUSD Close to Key Resistance

No ratings yet. NZDUSD moved south since setting a formation of double top at 0.8800 in July 2014 . Although these declines did not reach the 0.6000 level, first bullish reaction was in September 2015, and since then we have seen steady increases. Looking on weekly chart, we can see that all these increases are Read the full article…



AUDCAD Breakout from a Channel

No ratings yet. AUD/CAD  – on H4 graph we observe a very dynamic bullish movement which was created after break out from bearish channel. Recently only a slight correction has appeared, and since morning price has been growing. It is possible that soon the last high will be breached and pair will head to key Read the full article…



AUDCHF Time for Correction ?

No ratings yet. AUDCHF over two years has been moving north forming an upward triangle, whose upper limit 0.7750 coincides with the 38.2% retracement of the previous downward movement and 61.6% of the Fibonacci correction from the last downward impulse and downtrend line. After precise testing and rejection of this zone there were declines as Read the full article…



Analysis for Newbies: GBP/CHF – The Doors Are Open for Growth

No ratings yet. Few days ago I described situation on the GBP/CHF from daily and weekly point of view. The analysis indicated possible increases. In the meantime, a slight downward correction has taken place, but now pair is starting to rise dynamically, setting new maxima. Judging by the dynamics, it seems that direction north is Read the full article…



AUDUSD Forecast 2017

AUDUSD Forecast 2017

No ratings yet. AUDUSD Forecast 2017: FX Street says: Bears to dominate the Aussie on China, commodities risks. It could be tides about to turn now for the Aussie as it has now broken though long term monthly resistance. With big money being pulled out of usd and now BOC has risen rates the commodity Read the full article…



How to Trade Different Types of Flat Patterns

irregular flat

No ratings yet. The most difficult pattern to trade with the Elliott Waves theory is a flat pattern. There are multiple types of flat patterns, no less than ten types, and the purpose of this article is to list the most important ones and what makes the difference between them. Before doing that, a short Read the full article…



Will the US Dollar Bulls continue?

USDX

No ratings yet. US Dollar Bounces back from trend support The 1st week of the year sparked a big sell off, of the US Dollar and rumor has it that Chinese and Mexican central banks dumped US dollars to stabilize their currencies. The Mexican Central bank sold at least 1 billion US dollars last week. When Read the full article…



US Rate Hikes Strike Again

US Rate Hikes

No ratings yet. US Rate hikes. The USDX has rallied around 270 pips since the US Federal reserve hiked US interest rates for the seconded time in a decade last Thursday. The target for the USDX for this year was 103.00 and this was hit on the day of the hike. See post  From here Read the full article…



USDX Technical Analysis

USDX Technical Analysis

No ratings yet. USDX Technical Analysis A few month ago I post a technical analysis of the US Dollar Index on twitter.  It has played out as predicted and looking at a TP of around 103.00 for the USDX. US dollar index forecast pic.twitter.com/ReyLxkoK6x — Paul Placucci (@Scalp_FX) September 3, 2016 Price stopped short of the Read the full article…



The Aussie Tumbles

AUD/USD Monthly break out

No ratings yet. The Aussie breaks long term monthly support The triangle breakout has been largely anticipated over the past few weeks and has played out as expected. After having several attempts to break above the buyers finally gave up. It came as no surprise how quickly the Feds changed their tune when Donald Trump became the Read the full article…



Com dollars victims of US rate increases

NZD/USD head and shoulders

No ratings yet. Com dollars victims of US rate increases A look at the Kiwi Dollar The unwind of the carry trade commences as the commodity dollars become victims of the US rate increases. Interest rate compression of yields has become massive as RBNZ cut interest rates again last week. The unwind of the carry trade as well Read the full article…



The Comdolls Trumped

Donald Trump

No ratings yet. Technical Analysis (Post Trump victory) AUD/USD The Comdols Tanked apon Donald Trump’s “shocked” victory on the 9th of November. Trumps policies are very Pro American  which in long term, will  have an effect on commodity based currencies. This affecting particularly Australia with having a close economic trade relationship with China. Initially the USD Read the full article…



AUD/USD tightening range

aud/usd tightening range

No ratings yet. AUD/USD tightening range The Aussie has continued to be range bound with in the symmetrical triangle. Being rejected again for the second consecutive week, and forming a double rejection again on the weekly. For three consecutive weeks now price has closed and opened with in a 20 pip range indicating indecision in the Read the full article…



AUD/USD Technical Levels, Head and shoulders

No ratings yet. AUD/USD Technical Levels 4H Head and shoulders A Head and shoulders  pattern has developed on the 4H chart and makes a good immediate short entry under trend resistance on the H1. Lets first take a look at the higher time frames. Weekly chart The weekly chart price has respected the trend resistance and Read the full article…



GBP/USD The Aftermath

Cable gaps on open

No ratings yet. Cable Gaps down, GBP/USD The Aftermath Cable gaps down on open after Fridays crash and what would of usually been a a nice gap of 50 pips it looks non existent compared with the 700 pip candle on Friday. The Gap was quickly filled and now looks to the downside once again. Price now Read the full article…



Profit taking USD/JPY

Profit taking on USD/JPY

No ratings yet. Profit taking USD/JPY at resistance 104.00. After the rapid rally on U/J last week it rose enough for some nice profit taking and now expect it to fall back towards support levels. Price was rejected off the 100ma on the daily at 104.00. This was expected given the rate U/J rallied made a Read the full article…



Cable Buy signal triggered

GBP/USD Live trade

No ratings yet. GBP/USD buy signal The pound has fallen to its post Brexit support level and where long orders will start to be accumulated as price consolidates promoting a GBP/USD buy signal. Manufacturing PMI continuing to expand as a good pace and highest level since 2014. These figures confirm that Brexit has a limited effect on UK and Read the full article…



Technical Analysis AUD/USD interesting levels

Technical Analysis AUD/USD

No ratings yet. Technical Analysis AUD/USD at interesting levels The Aussie is at interesting levels being at a monthly resistance. These current technical levels is where the current down trend can either be compromised or rejected. On the monthly chart a typical continuation pennant has formed. Volume has expanded into the initial move of the pattern and contracted on Read the full article…



Technical Analysis market outlook 9-25-16

Technical analysis

No ratings yet. NZD/USD Technical Analysis We will start off with the Kiwi which is one of my favorite pairs. With only 5 days left on the M1 chart, price has been rejected off the long term resistance level of .74590 back in February 2005. (see chart).  We will wait and see how the rest of Read the full article…



AUD/USD Live trade Update

AUD/USD live trade

No ratings yet. AUD/USD Profit target not reached AUD/USD daily set up September 16, 2016 Update Rectangle break AUD/USD live trade up date  The anticipated take profit zone has struggled to reach its targeted forecast.  live trades were close out for around 40 pips in total. I will explain with a bit of a run down on Read the full article…



AUD/USD daily set up

No ratings yet. AUD closes out of rectangle 4H Live trade update After some mixed data coming out of both the US and Australia yesterday the aussie remained consolidated in a rectangle formation which was broken out after the US released rather poor looking data and the only thing propping the Dollar up was the Read the full article…



GBP/USD- key levels to watch

No ratings yet. G/U at 1.3200 The pound has found it’s post Brexit bottom, talk of the pound a few weeks ago suggest it would fall below the 1.20’s but has failed to reach new lows since July. I had a firm belief that the low point was the lowest the pound would go just over Read the full article…



AUD/USD Bearish momentum is building

No ratings yet. Bearish out look for the Aussie Current price action is calling for further depreciation of the Australian dollar, as bearish momentum is picking up. This week we have the Australian employment data which will be a big mover for the Aussie. The unemployment rate is forecast to remain steady on 5.7% while Read the full article…



EUR/AUD Inverse Head and Shoulders

inverse head and shoulers

No ratings yet. Inverse head and shoulders set up. The current eur/aud chart as of 9-10-16 is gearing up to explode with an inverse head and shoulders pattern set up. Ideally we need to wait for the break out and candle close above 1.49100 on a 4h chart. After the ECB conference on the 8th of September  Mario Draghi Read the full article…