Mixed trading (daily inside solders) has resulted in an Ending Wedge formation being posted. A break of support at 109.55 and the measured move target is 106.80. Read More
We look for losses to be limited and a possible reverse Head and Shoulders forming. Buying into dip offers good risk/reward. If this formation plays out then the measured move target is 1.0120, close to the wedge top and medium-term… Read More
Buyers returned in front of the Fibonacci confluence are of 1.2905. Yesterday’s price action posted a Bullish Outside Day, often an indication of a change of trend. Mixed and volatile trading for the last 9 days looks to have formed a… Read More
Breaking the reverse Head and Shoulders to the upside. The formation has a measured move target of 82.90. With bespoke resistance located at 81.05, there is scope for a mild correction. We look to buy into dips. Read More
Broken the wedge formation to the downside. The measured move target of 0.9800 has been surpassed. This was a previous area of support and now becomes resistance (0.9800). With bespoke resistance at 0.9789, this is our prime area to get… Read More
Holding within a bullish Ending Wedge formation. Trend line support is located at 0.7235. A break of resistance at 0.7500 and the formation has a measured move target of 0.7800 Read More