Technician

Technician Oct 7, 2013

Update: Full Target Hit Profit/loss(pips)= +40 This is a quick intraday bullish setup based on the hourly chart, trying to benefit from sideways bias as momentum indicators within oversold areas.

Technician Oct 6, 2013

The price has been consolidating above the 200-days SMA, forming the handle for a potential cup and handle reversal formation, a breakout above the handle's resistance with rise in volume levels would be bullish twitter.com thefxchannel.com

Technician Oct 6, 2013

Short term bias is to the downside, but watch for these possible scenarios

Technician Oct 6, 2013

The short term bearish wave is still intact, price may resume bearish bias after completing a retest to the 50-days SMA an double top's neckline

Technician Oct 6, 2013

A sideways trading strategy is appropriate unless a breakout occurs

Technician Oct 6, 2013

Bearish technical setup suggests a move lower, probably towards the main rising trend line as an initial downside target

Technician Oct 5, 2013

The pair has been in a steady short term rising channel following the breakout of an inverted head and shoulders, however 0.9800 should broken for a medium term bullish rebound.

Technician Oct 5, 2013

The pair has completed a major bottom , breaking above the 200-days SMA as well, further upside is probable

Technician Oct 5, 2013

Possible bearish configuration, breaking 1.6850 may complete a classical reversal

Technician Oct 5, 2013

Symmetry between 2011 top and recent price action warns of a bearish reversal in the upcoming weeks to months.

Technician Oct 4, 2013

Update: Failed very close to first target. Profit/loss(pips)= -85 Rally seems overextended, looking for a short term top and a deeper downside correction. twitter.com thefxchannel.com

Technician Oct 3, 2013

Update: Full Target Hit Profit/loss(pips)= +600 In my view, Oil is vulnerable to a major breakdown, taper uncertainty, weaker growth in the U.S, a softer tone between Iran and U.S, and Syria calm down, all point to a shift in the ongoing bull trend. Downside pressure on USD due to government shutdown and debt ceiling debate has delayed this scenario and given...