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A HnS formation is forming after the price was rejected by a falling trendline. Although we have witnessed a major retracement from the dollar last week, a huge portion was recovered on the last trading day. The dollar index managed to close with a bullish candlestick after a failed double top. Let's not forget that the dollar is still the dominating currency in...

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Although the technical setup is pretty good to short AUDUSD, the fact that bullishness of the rebound from its all times low contradicts the idea of selling. Nevertheless, if the stop loss can be tight enough to short just the retracement of a strong reversal, there are still profits to be made. AUDUSD has gained close to 90 pips in a day, and it is extremely rare...

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NZDUSD has retraced for the half of today's trading session and is seen resisted at its previous high around 0.6555. A double top is then forming, signaling for the price to fall further. The price was also resisted within a supply zone @ 618 just below a falling trendline.

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As the title suggested, NZDUSD is still far from completing the falling trend, and in fact, it has just started only. The reversal from a major retracement to a resumption of falling trend started at the beginning of this week. NZDUSD fell for the 3rd consecutive days and it wouldn't be a surprise for the fourth. Even if the price does not continue to fall today,...

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The price has retraced for past 1 day and is about to reach a supply zone at 0.71 which coincides with 618 Fibo retracement.

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As NZDUSD reached the top of a 4-month falling channel, an HnS formation was formed yesterday, successfully brought the price down by 76 pips. There are enough signs of reversal since the price has broken below a rising trendline which brought it to the top of the falling channel. Reversal has begun to take place and all's left is to wait for the price to retrace...

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The dollar has been weakening on retracement which has also caused AUDUSD to progress higher in the form of a major retracement. That retracement went into a range between 0.7100 and 0.7150 for about a week. And finally, as of yesterday, the first lower high of the month is created as price started to break away from the range. This is largely caused by a...

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We kind of know that the dollar will dominate the market eventually but it was kept delayed. The dollar has struggled to break new high since its peak 2 months ago. And 2 months of ranging market also means that the phrase is about to change anytime. As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very...

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USDCHF has been ranging for close to 2 weeks, and the price has chosen to break below the previous rising trendline as well as below the range. The dollar has turned sluggish again and is most likely to retrace lower, a plus point to short USDCHF. The Swiss Franc is seen performing stronger as compared to last week, thus a reason to buy CHF. Lastly, the structure...

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Last Friday, I did a short on EURUSD as the price broke below a rising structure. It was expected that the volume was not going to be high since it is coming to the close of the trading week. Today, we saw that the price gapped down, and the gap has been recovered as of now. Thus, given the bearish structure and a weakening euro, we can look to short EURUSD again...

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EURUSD has been on the rise for the past 3 days. Base on the chart, we are seeing that the price has probably ended its retracement, at least the first wave. An interesting pattern that has been occurring for the past few weeks is that the dollar always takes a turn on the last trading day. So with this structure, I'm betting that EURUSD will come down today.

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Stocks across the New York market, the European and Asia market plunges, especially the U.S. stocks which seen plunged the most yesterday. This in itself means an increase for safe haven asset, and certainly, we have seen the yen rallied, followed by Swiss Franc. The dollar is seen having trouble again to dominate the bull market as it found strong resistant at...

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USDJPY has reached 114.5 and finally hit strong resistance at that level. Last week, a reversal candle was formed in the W1 chart which already signals for probable reversal. Additionally, a rising trendline was broken yesterday, enough to confirm a major retracement to take place. Base on the market sentiment, it seems that the dollar is also having trouble to...

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My trading idea to short the gold yesterday failed miserably as the gold jumped more than 150 pips from where I plan to enter a short. However, such a volume for gold is very normal and should not be determined as a trend changer. The price shot up and is now seen resisted by a falling trendline, also the top of a previous symmetrical triangle. It was also noted...

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Since the gold has rebounded off from its lowest at 1160 and reached highest 1214, the price fell into a 2-months range roughly between 1212 and 1190. As the dollar dominates the last week of September, the gold finally broke out of its range and chose to resume its falling trend. If carefully observed, the price tends to retrace and supported by a rising...

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The dollar did poorly in the month of September but turned over during the last week after the Fed raised rate by 25 basis point as expected. The Fed chairman has also adopted a very hawkish tone in regards to the economic growth and the pace of raising rate. The dollar is also undervalued after dropping for close to a month and became oversold as it broke below...

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The rising trend for GBPUSD has shown signs of reversal since it fell from near 1.33 and broke below the bottom of its rising channel. This is always a clear sign of the beginning of a trend reversal and the break was strong which created a new low. The price has then retraced as it climbs gradually and is about to reach the top of another rising channel created...

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Like NZDUSD, AUDUSD has retraced significantly for the past one week. An AB=CD formation is about to complete at a falling trendline based on a daily chart. The dollar may weaken further, but there's a strong demand zone near 94 which may give the dollar a strong rebound, and that would probably cause AUDUSD, as well as NZDUSD, to drop fast as a result.