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The Art of Technical Analysis and Charting

Hello Traders,
How many times have you heard this question. What is Technical Analysis? Well technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Ok what is this definition really saying? In plain English it is saying, the most important elem…
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AUD/NZD BREAKING THRU THE CEILING (update)

This is the most recent update from my post of AUD/NZD a few weeks ago. The chart shows a strong double bottom. We will keep this chart on our radar for continued buying if the resistance area of 1.10 is broke. At the moment price is above the long term 200 moving average (red line) and the 20 moving average (blue line) looks to be pushing higher. As we all know after a resistance area is broken that same area becomes a area of support. If buying continues, the AUD/NZD might end pretty strong wi…
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Aussie Double Bottom Signal New Highs in the Horizon

Hello Traders,
We all know that making informed decisions with a solid game plan is necessary to be successful in trading. In this blog I will share my outlook and the rules I follow to make informed trades related to Forex, Commodities, and Equities. Yes, I know that Dukascopy is primarily focused on Forex but in my opinion the other markets have an huge effect on Forex as well.
So my friends I hope you enough my blog, and feel free to add a comment or friend request. All are welcome. As always…
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USD/ CAD Outlook

The USD/CAD closed the week at 1.0740 up a few pips from its opening at 1.07299 after it touched a high of 1.0794 as the CAD eased as gold and oil traded in the red mid-week and the US dollar climbed on strong support from Janet Yellen. Canada’s dollar gained as the nation’s consumer price index increased 2.4 percent from a year earlier, the fastest in more than two years, the government reported July 18. The data came two days after the Bank of Canada said inflation gains are temporary and that…
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