15 Jun 24: EURUSD (closed 1.0702 on 14 Jun) is forming a symmetrical triangle (neutral pattern) and the new outlook will depend on the direction of the break. A breakout or a breakdown suggests a potential 765 pips move. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #symmetricaltriangle #eurusd
Desmond Chee’s Post
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15 Jun 24: NZDUSD (closed 0.6141 on 14 Jun) is forming a symmetrical triangle (neutral pattern) and the new outlook will depend on the direction of the break. A breakout or a breakdown suggests a potential 920 pips move. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #symmetricaltriangle #nzdusd
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15 Jun 24: GBPUSD (closed 1.2683 on 14 Jun) is forming a symmetrical triangle (neutral pattern) and the new outlook will depend on the direction of the break. A breakout or a breakdown suggests a potential 1183 pips move. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #symmetricaltriangle #gbpusd
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15 Jun 24: AUDUSD (closed 0.6613 on 14 Jun) is forming a symmetrical triangle (neutral pattern) and the new outlook will depend on the direction of the break. A breakout or a breakdown suggests a potential 950 pips move. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #symmetricaltriangle #audusd
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21 Jul 24: Rising wedges are being formed and completed in USDJPY, GBPJPY, and CHFJPY, so it’s no surprise that EURJPY (closed 171.41 on 19 Jul) is also forming one. This one is on the weekly chart, so we need a weekly close below the wedge support to complete this bearish pattern. The textbook move is 12.23. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #eurjpy #risingwedge
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11 May 24: AUDNZD (closed 1.0969 on 10 May) may be forming a rising wedge (bearish pattern); breakdown below the wedge support completes this bearish pattern that has a textbook target at 1.0780. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #audnzd #risingwedge
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22 Jun 24: USDBRL (closed 5.4292 on 21 Jun) may be forming a rising wedge (bearish pattern). Price action has begun diverging from the upper Bollinger while there is price-momentum divergence on the RSI. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #usdbrl #risingwedge
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16 Mar 24: USDMYR (closed 4.7020 on 15 Mar) is potentially forming a double top (bearish pattern). Completion is via a weekly close below 4.5898, and the textbook target is at 4.3757. This is a weekly chart, so it could take weeks before the neckline is reached, and maybe months before the textbook target is reached. #usdmyr #doubletop #technicalanalysis #charting #fx #foreignexchange #currencies #forex
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13 Apr 24: EURJPY (closed 163.11 on 12 Apr) is forming a rising wedge (bearish pattern). It is nearing a breakdown from the wedge support to complete this bearish pattern that has a textbook target at 151.48. Also, note that price action has failed to test the upper Bollinger for many weeks. #technicalanalysis #charting #fx #foreignexchange #currencies #forex #eurjpy #risingwedge
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"AUDUSD Testing Key Resistance" Today's "Chart of the Day" by @Vulgi Steve Vulgi of @forexanalytix. Link here: https://buff.ly/3TL4A6T #Markets #Analysis #Trading #FX #AUDUSD #ForexAnalytix #TradersSummit
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FX & EQ Technical Analyst
6mo14 Jul 24: EURUSD (closed 1.0904 on 12 Jul) broke out of its symmetrical triangle (neutral pattern) in a bullish direction) to confirm that the bulls have prevailed. Textbook target is at 1.1621 but do not expect this target to be reached in the next 5 – 6 months. The resistances at 1.0981, 1.1139, and 1.1275 could reject EURUSD when tested. #technicalanalysis #charting #fx #foreignexchange #forex #currencies #forex #symmetricaltriangle #eurusd