During the months of June and July Coffee encounter a strong buying power below $170/KCU and today completed a reversal Head and Shoulder Pattern Failure. Now I’m expecting this market to retest $220 and maybe then moving higher. [click to continue…]
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Today, on the daily chart, the Australian Dollar (AUD/USD, 6A, M6A) has completed a small Head and Shoulder that projects a move just below 0.9200. [click to continue…]
I haven’t traded the Euro for a long time. The main reason is that this currency has been in a congestion for the last 6 years or so. [click to continue…]
Here are my 5 favorite blog posts from last week. As usual topics are anything in between lifestyle and financial markets. [click to continue…]
In this week’s Classical Chart Patterns Report I’m reviewing the following situations and markets:
- Patterns in Play: GBP/USD, USD/CAD, USD/CHF, NZD/USD, Sugar, Soybeans, Brazil and Japan ETF.
- Developing Patterns: GBP/JPY, GBP/CAD, Cotton, Gold Miners, Coffee
- Completed and failed setups: Natural Gas and Platinum.