An Ending Diagonal Triangle trading pattern suggests that the two-month rally in the U.S. Dollar Index is poised to end, according to MacNeil Curry, head of foreign-exchange and interest-rates ...
The ideal diagonal would consist of five waves. Each wave of the three waves to the downside would be smaller than the previous alternating wave. The alternating waves of the 5 wave move are waves 1, ...
GBP/USD fell sharply to the downside a few weeks back, which we see it as wave V that touched lower trendline of a wedge pattern, known also as a diagonal triangle. If we are correct, then market may ...
A break above 1.4250 (Key EW swing high/2008 downtrend line) would open up large triangle pattern which targets 1.4500/1.4945 area. The wave 5 started from 1.2660 and appears to be taking longer time ...
Gold has been trading higher since the start of this year after finding support at 1522.60 to end 2011. The 4H chart shows the RSI reading holding above 40, and mostly above 50, while being able to ...