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May 2012

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    AUD/USD Ascending triangle pattern

    By Luv Sharma 345 days ago

    Categories: Forex

    AUD/USD seems to be setting up an ascending triangle pattern. The top of the triangle coincides with 1.00 level. A break higher on should push the pair higher to towards 1.02. A break higher will also mean that we should book profits on other long...

    5/5 stars (1 votes)

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    Looking to short NZD/CAD

    By Luv Sharma 347 days ago

    Categories: Forex

    NZD/CAD is coming up against its downward trend line and 61.8% retracement level which is only slightly above the psychological 0.80 mark. We will be looking to sell this pair on a test of the 0.80-0.8030 region for a move back to the 0.79-0.7850...

    5/5 stars (2 votes)

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    NZD/JPY Long Trade

    By Luv Sharma 358 days ago Comments (2)

    Categories: Forex

    NZD/JPY is testing multiyear trend line and seems to be seeing buying interest. It is also showing divergence on the daily charts and the RSI seems to be recovering from oversold levels. A break of the RSI above 30 will confirm. We took a small long...

    5/5 stars (1 votes)