Keep an eye on the USD.. In foreign currency markets people try to find a lead, something to indicate what may be coming up, from technical analysis to fundamental approaches; methods do vary in trying to decipher the FX markets. Read More…
Category : Currencies, EUR, Forex, Indicators, Opinion, USD
From the US the ADP Non-Farm Employment number did not give much joy, coming in at 170k versus expectations at 189k. The Manufacturing Purchasing Managers Index (PMI) showed continued expansion albeit below the expected figure. Read More…
Yesterday Germany released its Preliminary CPI, right on expectations. Overnight from the US Personal Spending and a measure of inflation did not surprise although spending did come at 0 versus expectations which was at 0.2% so not that far off. Read More…
Pattern repetition is an important chart phenomenon which can hurt an investor’s trading if not discovered in time. Any time a pattern repeats within a trend, whether a chart pattern or a candlestick pattern, it signifies an intensity in market sentiment which, in turn, increases the chances of a reversal or continuation (whichever the pattern in question represents). Read More…
Category : Charts, Currencies, Forex, HKD, Indicators, Technical Analysis, USD
The Deliberation Candlestick pattern is a chart formation consisting of three consecutive candlesticks on a daily, minute-by-minute or hour-by-hour chart. The three candles are white in colour and each successive candlestick opens at the previous candle’s close. The first two candles have long, real bodies while the third candle is short, and there are no restrictions placed on upper or lower shadows. Deliberation formations are considered to be bearish reversals but tend to behave more like bullish continuation patterns. Read More…
Category : AUD, Currencies, Forex, Patterns, Technical Analysis, USD
