Tag Archives: reversal

Forex: Ideas You Can Trade – USDJPY Sharp Reversal From 117.00

USDJPY: Pair Reverses Sharply After Testing Resistance Near 117.00 The daily candle chart below shows the medium term price history of the United States Dollar (USD) versus the Japanese Yen (JPY), known as USDJPY, and trading around 116.48 around time of publication today.  Last time USDJPY was reviewed int he Ideas You Can Trade series,

Today’s Trading Edge: Gold May have Formed Two Key Bullish Reversal Patterns

Gold prices are attempting to rebound after making a low last night at $ 1183.30.  This 15-month low may have also formed both a triple-bottom pattern and a bullish butterfly pattern.  The precipitous weakness hitting the yellow metal may be overdue for a short-covering rally.     Gold has now erased all of its gains for

Today’s Trading Edge: AUD/USD – Bearish Butterfly May Signal Reversal

Last week, I wrote about how the RBA Minutes release may keep investors’ expectations for rates to remain steady for quite some time.  Price has since then been fairly bid for the Australian currency, but the gains have so far been capped by key trendline resistance and a potential bearish butterfly pattern.  The daily chart

CAD reversal

The CAD has reversed on the back of weaker employment data. USDCAD has pushed up to 1.0690, 50 pips higher vs. levels ahead of the release. Data showed the unemployment rate rising to 7.1%, with move away from the year lows at 1.0621 made earlier in the month. Over the past 4 weeks, CAD has
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Gold Follows Through on Outside Day Reversal

Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Automate trades with Mirror Trader and see ideas on other USD crosses -“Monday’s outside day reversal (and divergence with silver) is suggestive of lower levels.” The metal followed through on Monday’s reversal before finding support from the early March high. Last week’s low is important
Trading MACD Divergence – Part 1

Trading MACD Divergence – Part 1

Most powerful chart pattern in Technical Analysis. Learning MACD Bullish and Bearish Divergences. From Investopedia: What is MACD? A trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called
Trading MACD Divergence – Part 1

Trading MACD Divergence-Part-2

Most powerful chart pattern in Technical Analysis. Learning MACD Bullish and Bearish Divergences. From Investopedia: What is MACD? A trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD or Trading MACD Divergence-Part-2 is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA
Trading MACD Divergence – Part 1

Trading MACD Divergence – Part 3

Most powerful chart pattern in Technical Analysis. Learning MACD Bullish and Bearish Divergences. From Investopedia: What is MACD? A trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD or Trading MACD Divergence is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA
Trading MACD Divergence – Part 1

Trading MACD Divergence – Part 4

Most powerful chart pattern in Technical Analysis. Learning MACD Bullish and Bearish Divergences. From Investopedia: What is MACD? A trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD or Trading MACD Divergence is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA
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