Tag Archives: reversal

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AUDNZD Forex Forecast – Reversal Pattern Confirmed

AUDNZD Forex Forecast – Reversal Pattern Confirmed

AUDNZD recently formed an inverse head and shoulders pattern on its daily time frame, indicating that the previous downtrend is about to be reversed. Price already broke past the neckline of the formation, confirming that an uptrend is underway. The formation is approximately 800 pips in height, which means that the resulting climb could last
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AUDNZD Forex Forecast – Inverse Head and Shoulders Breakout, Reversal Confirmed

Following the RBNZ’s decision to cut interest rates by 0.25% to 3.25% today, AUDNZD broke above the neckline of the inverse head and shoulders pattern on its daily time frame. This suggests that the pair is in for more gain, possibly by around 700 pips or the same height as the chart formation. The pair
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EURUSD: Bearish Reversal- Respect the Price Action

Our Services (7-day trial)                   Subscribe to our newsletter Feb 05 2013 EURUSD pair reversed from its highs clearly in impulsive fashion through the channel support line of the latest bullish run, connected from 1.3262. Pair closed well bellow that trend-line which is important evidence for a temporary change in trend. As such, we need to
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EURUSD: Patiently Waiting For a Bullish Reversal

Our Services (7-day trial)                   Subscribe to our newsletter Feb 13 2013 EURUSD found some support yesterday and is now testing the upper side of a corrective channel. As such, we need to be aware of an uptrend continuation as A-B-C corrective decline from 1.3710 may have already finished. However, recovery from latest swing low is
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AUDUSD: Reversal Pattern Is Pointing Towards 1.0375

Our Services (7-day trial)                   Subscribe to our newsletter Mar 07 2013 Sharp impulsive reversal higher in this week suggests that AUDUSD found a temporary low and completed an ending diagonal in wave 5 with a throw-over formation. Throw-over occurs when volume is high in the fifth wave that approaches its lower trendline of the pattern,
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USDCHF Update II: Corrective Reversal Could Reach 0.9390

Our Services (7-day trial)                   Subscribe to our newsletter Mar 08 2013 USDCHF broke higher in this week as expected into wave 5 of 3) that found resistance just beneath 0.9500 mark. A reversal from that high is quite strong so we think it’s part of a deeper pull-back but still only a corrective retracement. We
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