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Technical Analysis

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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…