Archive | Trend Analysis

Impulse Waves

The first chart we’re going to look at the impulse waves on Dollar against the Turkish Lira. On the weekly chart we can see that price has been bullish for several weeks. The current impulse wave started towards the end of last year and is still in play. Moving on to the daily chart we can clearly […]

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TRYJPY Bearish Trend

Bearish Trend

Today we are going to look at the bearish trend on the TRYJPY. Starting with the weekly chart to get an overview of price action over the slightly longer term. There are three things to look for on this chart that indicates price is in a downward trend. The first is that the last few […]

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Euro Pound bearish bias

Bearish bias

We have a bearish bias on Euro / Pound Sterling (EURGBP) and this is indicating we may see further weakness. One of the most simplest of indicators when trend trading in the 200 moving average and today we’ll be looking at why this gives us a bearish bias on the EURGBP currency pair. If we […]

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Market swing points

When trading breakouts is wrong

Trading Breakouts Using support and resistance levels for trading breakouts can work very well when there is a trend to trade – but it does not offer the same level of success when the market has no trend and is stuck in a consolidation. Trading breakouts such as ‘buy high and sell higher’ or ‘sell […]

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XTL Continuation

This is a trend trading pullback technique using Advanced GET XTL Continuation strategy. Trend trading with XTL Continuations Today we will consuder an XTL Continuation of the Australian Dollar against the US dollar (AUDUSD). The basic rules for XTL continuation are actually very simple. We need to determine the trend, the trend we can see […]

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EURJPY trend

Buy Euro Yen

Further to yesterdays Euro Yen video analysis, we have been waiting for a trend trade set up to buy into this currency. Trend trade triggered Further to Monday’s forex video, we have now been triggered into the EURJPY trend trade. The first timeframe we’ll look at is the weekly chart. We can see that the […]

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Support levels

Support level zones

Resistance is now the support level The GBPAUD support levels were discussed in our weekly video analysis and has played out quite closely to our expectations. The software is E-signals advanced get and the chart we’re going to look at today is the British Pound against the Australian Dollar. If we start with the chart above […]

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