EURCHF

Conventionally an ascending triangle breaks out on the upside. However, one that occurs within a downtrend should be approached with caution.

SUMMARY.

Patiently wait and follow the price in the direction of the breakout.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURCAD

Breakout on the upside of a descending channel within an uptrend is a good continuation indicator of the 11 month uptrend.

SUMMARY.

Zooming in to a lower timeframe will give you a better position to time the entry to the potential bull rally following  price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

GBPNZD

A breakout below a descending triangle is a potential bearish move .

SUMMARY.

As we are on the weekly timeframe zoom in to lower time frames to catch the potential move after price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURGBP

On the daily timeframe of the EURGBP, price is trading within a descending channel that’s nested within a larger ascending channel.

SUMMARY.

Bears pushed the market lower, breaking out of the ascending channel while maintaining the trend on the descending channel. Follow price action in order to optimally join the potential bear market.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

XAUUSD

A breakout on the upside of a descending triangle is a great bullish sign especially after an uptrend which has lasted for over 2 years.

SUMMARY.

Look to join the potential continuation of the bull market following your rules and guided by price action on a lower timeframe.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURCHF

Evidence of a descending channel as price is breaking out of a rectangle pattern is testament to  trading confluence.

SUMMARY.

Further price action confirmation to signal whether to join  a bear market .


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

GBPAUD

Weekly pin bar forming at the near term resistance level is a potential bearish sign especially when followed by a confirmation  candle.

SUMMARY.

Following bearish price action confirmation on a lower timeframe you may expect a price waterfall


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

AUDNZD

Price has been on an uptrend within a rising wedge which broke out about a month ago. Consolidation followed as the previous breakout level was tested successfully.

SUMMARY.

Watch out on the lower time frames to see whether we continue to see lower prices in the near future after the bearish engulfing.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

CADCHF

Price consolidation led to the formation of a symmetrical triangle which to our knowledge may breakout on either side of the triangle.

SUMMARY.

Patiently wait for the breakout and do your duty to follow price appropriately.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

XAUEUR

An ascending channel in a long term uptrend has broken out on the downside. This is surely a potential bear move on the horizon.

SUMMARY.

Extreme caution is however needed to be practiced in anticipating a fall in price as the main trend is still an uptrend, the market could quickly continue on an upward trajectory.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.