USD/CHF: 1-hour Is that a bullish flag I’m seeing on USD/CHF’s 1-hour time frame? The pair just staged a strong rally yesterday but dollar bulls seem to be catching their breaths for now. According to the School of Pipsology, this type of formation typically hints at a potential upside breakout, which is usually the size [...]
Trades Placed by optionFair AUD/USD According to Christopher Lewiss analysis of the AUD/USD, the pair is dropping in the last two days and will continue to stay bearish (resistance level – 1.0150). That creates an opportunity on the instruments: “Low” and “Touch Down”. I logged in the optionFair™ Binary Options Trading Platform and I traded [...]
Evident all through this year has been a much more circumspect consumer down under. This is not remotely surprising the international backdrop has become much more uncertain, especially in Europe and now Asia as well, and the unemployment rate has been edging higher. However, it is the historically over-leveraged balance sheet of the household sector [...]
GBP/USD: 4-hour Check out cable inching towards the 1.5900 handle yet again! That level has acted as strong resistance for the past couple of weeks while the 1.5650 minor psychological level has held as support. With stochastic still moving up and with the pair just a few pips shy of the 1.5900 mark, the question [...]
By: Fadi Steitie Currency:EUR/USD Trend Expected Direction: Down within a falling channel. Method: Elliott Waves and Fibonacci Trading. Description: Again with a leading diagonal pattern completed its fifth (e) wave down to 1.32520 followed be a correction Zigzag hits 0.764 Fibonacci level at 1.33400 with extended Zigzag reached 100%. Trend jumped a little higher forming [...]