Yesterday we wrote on our website about the triangle formed on the US dollar index – Geometric metamorphosis of the US dollar index (USDX).
The agreement between US and China at the last G20 summit led to a decrease in tensions in financial markets. The risk appetite led to demand, including for the single European currency. However, the long-term trend of the US dollar growth on forex is still in force.
What technical levels do traders of the EURUSD pair need to monitor in the foreign exchange market? Continue reading
Triangle is a quite common technical figure on Forex. Traders need to know how to open positions in the triangle with the least risk.
The technical figure Triangle and the principles of working with it are described in detail in the article “Figure of the technical analysis Triangle – use on a Forex”. In this article I will describe in detail the scheme of actions for the opening of trading positions in this technical figure on a real example. Continue reading
Dead cat bounce – a price model in financial markets, which means a false rebound in the price after a sharp drop in the asset. After the rebound, the price of the financial asset continues to go down.
This expression came to forex from the stock market, but can be applied to any financial assets. Continue reading
The next trading week ended in the forex market by forming on the EURUSD currency pair a well-known technical set-up “inside bar” and this is an excellent opportunity to study and check the known Price Action setup in a real situation.
On the daily chart, you see this last candle at number 9.
For comparison and objective analysis, I identified on the chart all the inside candles and numbered them from 1 to 9. Continue reading
Last week a number of specific technical price patterns, called the “The Market’s Line”, arose on a number of currency pairs in the forex market.
“The market’s line” is a price technical model emerging in the forex market as a result of the consolidation of a currency pair in a very narrow price range for a sufficiently long period of time. Continue reading
Continue to analyze the reversal patterns of the forex market on the EURUSD pair. Let’s consider the figures from 32 to 41, which you see on the chart H4 and at the end of the article we will summarize the intermediate results of the analysis.
We continue to publish materials on the analysis of the reversal models of the forex market on the EURUSD pair.
This is a continuation, see the articles in the articles – “Reversal models in the forex market” and “Forex reversal models on currency pair EURUSD (part 1)”. Continue reading
We begin the cycle of publication of the reversal models of the forex market from the EURUSD currency pair. This is the second article, start from the beginning – “Reversal models in the forex market“.
How to work with this. In accordance with the principles of trend movement, the price, in the process of its movement, forms the high and low, the alternation of which is the trend or price movement in the trend. Continue reading
We have repeatedly read or heard about classic reversal models and their application in the Forex market. Double top, head and shoulders, models “M”, “W”, “V”, triple top, rounded top, candles and other models of trend reversal are described in all textbooks and manuals for work in the foreign exchange market. They are taught in training courses in the basics of trading. You can still find them with a detailed description on almost any site about the forex market.
So, forget all this nonsense. Just throw out of your head if you want to profitably work in financial markets. Models from the past, when data on prices traders received from daily issues of the Finansial Times and drew price charts of crosses and toes in the era of the Internet and computers, when robots and deals are traded for milliseconds round the clock around the world simply do not work. Continue reading
The triangle is a very common and frequently occurring figure of technical analysis in the Forex market. Correct interpretation of the triangle and its application at the entrance to the market significantly expands the arsenal of trading techniques of each trader.
There are several types of triangles – ascending, descending and symmetrical. However, I believe that it is necessary to focus not on the form, but on the essence of the model itself and the reasons for its formation. Continue reading