ForexVader

ForexVader

Back in July 2014, price broke out of a falling wedge pattern, found resistance at the 1.000 level and following the unpegging of the Swiss Franc, retested the backside of the wedge this January. Since this event market sentiment on the dollar has been incredibly bullish, pushing price through the parity resistance within the last week. It has since been failing...

ForexVader

After breaking through the 1.05 support level on the daily Chart, price came up to retest it and found resistance. It was also met with a bearish slap by the 50EMA line and the 0.382 Fib Retracement level. At this point a nice doji reversal candlestick formed and overall price is making the long way down after a triple top formed between September and November of...

ForexVader

After a big bearish run Gold found support at 1200.00 as far back as June 2013 and has since been stuck in a descending triangle. As price has been squeezed lower we saw a false breakout at the end of September 2014. Since this breakout we have seen price create this descending wedge. More recently price broke out of this wedge, retested the trend line, before...

ForexVader

After a big bearish run Gold found support at 1200.00 as far back as June 2013 and has since been stuck in a descending triangle. As price has been squeezed lower we saw a false breakout at the end of September 2014. Since this breakout we have seen price create this descending wedge. More recently price broke out of this wedge, retested the trend line, before...

ForexVader

Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...

ForexVader

Price has been pulling back after a long term up-trend since 2009. The 0.5 and 0.618 retracement levels both lay directly on the two historically significant SR levels at 80.00 and 78.00 respectively, providing two opportunities to enter Long on this promising ETF.