Technical Analysis - Forex Trading For Profit

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Technical Analysis

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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…