Technical Analysis - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Technical Analysis

Lastest posts

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…