The 26 of November the AUDNZD formed a Triple Top pattern as it was shown in this post (italian). The pair reached the target price at 1.05400 as expected.
Stay Tuned!
Thursday, December 18, 2014
AUDNZD Technical Analysis - Triple Top Target reached
Tuesday, December 16, 2014
EURGBP Price Action - Bearish Pin Bar
The EURGBP is trading below its 200 SMA in what it seems a symmetrical triangle. On Tuesday the pair rejected the upper part of the triangle forming what in Price Action is called a Bearish Pin Bar. A break below the candle's low might be an opportunity for a short.
AUDCAD Price Action - Bearish Pin Bar
The AUDCAD keeps falling below parity since November. On Tuesday the pair reached a high at 0.96400 and rejected the 21 EMA forming a Bearish Pin Bar. According to Price Action, a breakdown below the candle's low could be an opportunity in the short term for a sell.
Friday, December 12, 2014
EURUSD Falling Wedge taking place - Technical Analysis
The EURUSD keeps falling since the Double Top occurred in May and reached level 1.22466, low of year. In the last week, the Dollar weakened due to the greek political situation and the restrictions in China. If we join the highs and the lows, we will see a Falling Wedge formation taking place. This pattern is often a bullish pattern. However, only a convincing breakout supported by high volumes will confirm the pattern.
Welcome
Welcome to Beta Trader Forex Journal. This is the English version of Beta Trader Blog. Here you will find Technical Analysis and Price Action posts on the major currency pairs. Enjoy!
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