Community Blog

Filtrado por etiquetas:  Inverted Head And Shoulders
Avatar

Strategy Contest – September 2023 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of reversa…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Strategy Contest – July 2020 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of revers…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

NZD/USD is bullish after an inverted head and shoulder

NZD/USD is bullish after tracing an inverted head and shoulder pattern. The pair is tracing the wave 5 of the 1-2-3-4-5 Impulsive Elliot Waves.
Major Support and Resistant Levels are
0.7203
0.7054
0.6953
0.6825
0.6777
Day Chart
Week Chart
Ler história completa
Traduzir para Inglês Mostrar original
mrlfx avatar
mrlfx 19 Jan

mrlfx avatar
mrlfx 19 Jan

NZDUSD rose faster than expected.

oudeixar comentários
Avatar

No clear direction for GBP/USD

Currency Pair:Gbp/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.5447
Trend: consolidation (daily)
Possible trading range:1.51- 1.56
Technical analysis :The presence of a two head and shoulders patterns on the daily chart ( normal and inverted) and both so far have been ignored ... indicates us that there is no clear direction in the sight and may represent a signal for traders that in the short term the outlook is set to remain in the same trading range
For
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

I remain in favour of further consolidation

Currency Pair:Eur/Aud
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.5145
Trend:uptrend
Possible trading range:1.45-1.55
Signals: On both weekly and daily chart there are two bullish patterns ( inverted head and shoulders and double bottom) which are under way
Fundamentals:The near term data coming out of aussie's territory has continued to strengthen. On the other side the euro received mix data and will remain under pressure as long as the QE is still on the tabl…
Ler história completa
Traduzir para Inglês Mostrar original
marius24 avatar
marius24 10 Ago

update: the double top appeared on the 4 hour chart has been respected entirely by the bears and in this way the price fell and settled down around 1.47 area. The outlook from this point remains tilted towards more consolidation than further bullish moves

marius24 avatar
marius24 19 Ago

update: The pair made another leg up and stopped at 20 pips away from very important neckline ( 1.5334) belonging to a massive inverted H&S pattern located on daily chart. After having reached this point the bulls lost the momentum and as a result the price came back once again in 1.50 area. From this point i expect more declins towards 1.47. Current price: 1.5011

oudeixar comentários
Avatar

Consolidation in the sight

Currency Pair:Eur/Cad
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.4308
Trend:uptrend
Possible trading range:1.39-1.46
Signals:At first glance on daily chart we can see an inverted head and shoulders pattern which is right now under way. Another bullish sign is a golden cross
Fundamentals: IF the oil prices stop declining in the month ahead then there is no reason to see further depreciation in the value of loonie. On the other side euro is under pressure due to …
Ler história completa
Traduzir para Inglês Mostrar original
marius24 avatar
marius24 10 Ago

update: In contrast to the Eur/Aud this pair has headed higher but remained  in the same consolidation range between 1.4170 and 1.4455. The bulls aim to complete a masive inverted H&S pattern situated on the weekly chart, but it is a long way to there. The outlook remains tilted towards further consolidation

marius24 avatar
marius24 19 Ago

update: This pair has entirely followed suit the Eur/Aud pair in these last 10 days. Only a dovish tone coming out of the FED minutes will be enough for the bulls to take over the control and to push the price above 1.4640. Otherwise i expect a slow decline towards 1.4120 from the current price of 1.4420 is very likely.

oudeixar comentários
Avatar

Declines are in the sight

Currency Pair:Eur/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 136.43
Trend:consolidation
Possible trading range:131-138
Signals:On the daily chart a double top has stopped the bulls in their way to higher levels and also canceled an inverted head and shoulders pattern ( neckline 136.81). At this time a new head and shoulders pattern is underway.
Fundamentals:Further depreciations in the yen seem less likely at this stage as BOJ is not willing anymore to accept…
Ler história completa
Traduzir para Inglês Mostrar original
marius24 avatar
marius24 31 Jul

Sorry: don't take into account " i stay bullish" from Forecast section. It's my error. It should be bearish there:))

marius24 avatar
marius24 10 Ago

update: No action has been recorded in this pair since i put this prediction. The price is still hovering below the Sma 50. The outlook seems more bearish in the short term, but i don't rule out further consolidation

marius24 avatar
marius24 19 Ago

update: my target appears very far away from the current price of 137.24. Only a hawkish FED could bring the price much closer to my target. Otherwise i need some risk off mood in order to hope for declines in this pair.

oudeixar comentários
Avatar

Consolidation with bearish tilt

Currency Pair:Usd/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 124.36
Trend:uptrend
Possible trading range:122-126
Signals: on the monthly chart the technical part is struggling to complete the right shoulder of a massive inverted head and shoulders pattern with its neckline situated around 124.50.
Fundamentals: The BOJ seems to not accept an exchange rate above the 126 level. On the other side( US) any rate hikes remain data dependent. In case the chinese mark…
Ler história completa
Traduzir para Inglês Mostrar original
marius24 avatar
marius24 10 Ago

update:usd/jpy seems well anchored on its upside trip as long as the FED is prepared for the first time in 10 years to raise the interest rates. HAving this in mind i rather avoid entering in a short position. The outlook remains bullish with some consolidations in the sight

marius24 avatar
marius24 19 Ago

update: The price has been kept between 124 and 125 due to increasing expectations that the FED would hike rates. It's worth mentioning that 125 is a critical level as Kuroda intervened last month after having said that further depreciations in the yen are not welcomed. Current price - 124.35

marius24 avatar
marius24 26 Ago

update: Impressive moves have taken place recently in this currency pair due to risk aversion. After having touched 116.15 level the price bounced back again the in 120 area. Only a stabilization of the stocks markets will trigger a new round of selling the yen. Current price 119.42

oudeixar comentários
Avatar

I remain bullish on GBP/NZD

Currency Pair:Gbp/Nzd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.9924
Trend: consolidation on weekly chart
Possible trading range:1.96-2.06
Signals:On the weekly chart a bullish signal emerges from a potential inverted head and shoulders pattern which is right now underway having its right shoulder uncompleted
Forecast:THe pound is in a oversold status and therefore some upward corrections are more likely to occur in the following period. On the daily chart a d…
Ler história completa
Traduzir para Inglês Mostrar original
marius24 avatar
marius24 10 Dez

update:as i predicted a double bottom has appeared and its neckline situated at 2.0159 has been broken to the upside sending the price as high as 2.054. Anyway the trend remains bullish , but i don't rule out to see a settle down in terms of volatility. The current price is 2.0312

marius24 avatar
marius24 18 Dez

update: since i put the last update the price made a leg down towards 1.9996, but the bulls managed to bring once again the rate above the round level of 2.00. Right now Gbp/Nzd is hovering above an important support which belongs to a double bottom situated on the 4 hour chart. Current price 2.0196

marius24 avatar
marius24 27 Dez

update: in the last days this pair has been traded almost in the same trading range between 2.0384 and a round number of 2.00.  It seems that the bulls won't give up easily in the face of the bears and i think the price will stay above the 2.00 line in the following period. Current price: 2.0025

oudeixar comentários
Avatar

AUD/CHF inverted head and Shoulders pattern weekly chart

Aud/Chf is showing an Inverted Head and Shoulders pattern on the weekly chart
First of all here is the weekly chart and you can see the forming of the inverted head and shoulders pattern
Aud/Chf weekly chart
On the daily chart we see that there has been some sideways price action,
but we can see that before this action occured there was a move down
and the first retracement from this move down provides us with a Fibonacci expansion level of 61.8%,
that has been hit now --- this level could also …
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar

Price has broken below my initial support area - the bounce up has started though,
Need the price to break above 0.8180 for my prediction to play out now

oudeixar comentários
Mais