Dow Jones Industrial Average pulls back to its long-term 200 day moving average. This is also the 5 year-long trend line support. At this point I see the market oversold. Strong support area is between 14,300 and 14,500. It is important to note that Dow Jones Industrial Average has been trading in a wide range […]
Flat consolidation range. Breakout above 76 will be bullish. Low volatility setup. NORDSON CP (NDSN.OQ) #NASDAQ pic.twitter.com/Cg1exg4Ch4 — Aksel Kibar, CMT (@TechCharts) October 6, 2013 One more ascending triangle. Bullish above 43. THERAVANCE (THRX.OQ) #TECHTRADE #NASDAQ pic.twitter.com/6dVjilSfFr — Aksel Kibar, CMT (@TechCharts) October 6, 2013 Ascending triangle with bullish implications above 6. NEWCASTLE INVT (NCT) […]
Here are some of the exciting charts that I shared on twitter @TechCharts. I’m attaching the twitter feeds for those who are following the blog but not twitter. More will be posted soon under the new category of Tech Trade. Tech Trade will include low volatility chart set-ups and widely followed chart patterns. RENAULT (RENA.PA) […]
Emerging market currencies are going through challenging times as they lose ground against the U.S. dollar. After two decades of massive depreciation against the U.S. dollar (1980-2000), most of the EM currencies stabilized and started moving sideways in a wide range. Latest sell-off pushed the cross rates to test their upper boundaries. South African Rand […]
Copper prices might be forming a medium-term base above 3 levels. 3 level acted as strong support and it was tested for 3 times over the past two years. Inverted head and shoulder chart pattern has a trend resistance (neckline) at 3.4 levels. Breakout above this level will clear the neckline and the 200 day moving average. Such […]
It has been a difficult month for the emerging market currencies and especially for the Indian Rupee. Sharp depreciation of the currency and rising yields have caught the attention of the mainstream media. Tech Charts frequently updated the outlook on the rupee starting from 55 levels. While the Indian currency had a sharp depreciation, equities held well and moved […]
Earlier during the month I’ve analyzed the Japanese yen cross rates. USD/JPY, EUR/JPY and CHF/JPY all showed weakness for the japanese yen in the coming weeks. First USD/JPY breached its resistance and cleared its consolidation range. Now we are seeing further strength in USD against the JPY followed by a similar breakout on the EUR/JPY chart. #USD / #JPY#EUR […]
Japanese yen is once again weakening against major currencies. Few days back I posted the USD/JPY chart showing the range bound price action and drew attention to a possible breakout. Yesterday USD/JPY cleared the resistance at 99 levels. Similar price action could follow in EUR/JPY and CHF/JPY as they both get ready to breakout from their four-month long consolidation ranges. EUR/JPY continues […]
Starting from this week, I’ll share with you some interesting books, videos and articles under the category of self-development. I believe they will have a positive impact on your analysis and trading. This is an inspiring video that will challenge the way we look at talent and practice in our lives. We can become masters of what we do by constantly practicing […]
Since April Tech Charts frequently updated the USD/TRY analysis and drew attention to a weakening Lira against the U.S. dollar (Apr 22, May 13, May 28, Jun 20) . Breakout above 1.83 levels was followed by a sharp rise towards 1.92 levels which was also breached on the upside after a short consolidation. Latest breakout from the flag […]
