Month: November 2015

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Prices at the edges in anticipation

Prices at the edges in anticipation

I scanned through the market and see that prices are now either at long term support or long term resistance. This is a typical pattern while waiting for big news to come. Here are the levels: US Dollar Index: 100.49-99.38, 99.38-97.69, 97.69-96.12 EURUSD: 1.1183-1.0890, 1.0890-1.0618, 1.0618-1.0094 EURGBP: 0.7166-0.6986 EURAUD: 1.6023-1.4855 USDCHF: 1.0163-0.9826, 0.9826-0.9550    …

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SPX still going strong

SPX still going strong

The SPX has been on bull run since October 2nd, 2015. From the low of 1871.8, we saw the SPX recovered a whooping 238 points to where it is now at 2109.8. In the process, price action saw 2 rising window patterns which creates future support levels. This rise in SPX which are experiencing is…

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Aussie price action

Aussie price action

The AUDUSD is currently trading at the lower downtrend line support. The bulls seems to be back. However there is a catch. This is a typical price action pattern which I have seen again and again over the years. Price trading near support while waiting for a big news. That particulars news is the Australian…

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