Monthly Archives: September 2015

New Moon on Monday for EURCAD!

First, check his previous post on the eurcad forex pair. The 1.53 alert was triggered, but I couldn’t get the monthly candle close to confirm the bullish breakout. Check out the 10 year monthly candle chart below. The classical chart pattern “ascending channel” is in effect. Watch out for eventual resistance if upper boundary reached.  Arrows […]

Will Apple Come Undone?

Revisiting Apple after a couple of previous posts. Click here for the one on August 1 and the other February 2. Some morphing has occurred and clearer lines are being drawn for the next pattern to play. Check out the 10 year monthly candle chart. A close above 131 for the bullish breakout ,giving a target of […]

Hungarian Forint is Hungry Like the Wolf!

The usdhuf forex pair is consolidating nicely (+7 months) after reaching it’s target from a bullish breakout early this year. The new break lines have been drawn along with their implied measured moves when a monthly candle can close beyond them. Check out the monthly candle chart. A convincing close above 283 would give a bullish […]

What a View To A Kill for Seattle Genetics!

Seattle Genetics Inc. (SGEN:NASDAQ) is currently tracing a large top formation OR maybe a continuation pattern. Let’s look at the 10 year monthly candle chart. I have the bullish breakout with a close above 52.50 and giving a target at 74. The bearish breakdown would be confirmed with a close below 31. It’s target would […]

Restoration Hardware ready for The Reflex?

Restoration Hardware Holdings, Inc. (RH:NYSE) has a choice to make. Either a bullish breakout above 101 and it’s ensuing target at 116 OR the bearish breakdown below 86 and it’s 71 target. Check out the monthly candle chart below. A monthly candle close is necessary to confirm the break. Check my “How To” for more insights […]

About AUDNZD… Is There Something I Should Know?

The audnzd forex pair is morphing into a +2 year base pattern after hitting it’s target from the previous top +4 year formation. Here is the 10 year monthly candle chart. A close above 1.14 and the ensuing target is 1.2450, back to the previous breakdown line. That is also what I refer to as a “WALL”, […]

A probable possible bottom for EURGBP. 1

In the midst of a +6 year HUGE descending channel, the eurgbp forex pair might be retracing to the previous breakdown point, IF this current pattern resolves with a monthly candle close above 74. Target would then be 77.50. Check out the 10 year monthly candle chart. The 5 year weekly candle chart is all about […]

The bearish way for AUDJPY.

The audjpy forex pair has chosen the bearish ending. A break has happened below the 87.50 mark. Check this previous post from February 4 concerning this pair. Now enter the 10 year monthly candle chart. The implied measured move added to the breakdown line brings a target at 73.50. Remember, I often redraw my lines. […]

Ruble about to get a rumbling!

The usdrub forex pair is getting ready for a possible move. Here is the monthly candle chart. A top OR continuation pattern is in the works. I will take a look at the bullish scenario for now as the price action is closer to the breakout line at 70. A monthly candle close above that […]

Bringing the top down on Convertibles.

SPDR Barclays Capital Convertible Secs (CWB:ARCA) is breaking down via a runaway gap out of it’s top formation. Check the monthly candle chart. A monthly close under 46 and we have a target at 41. Here is the weekly candle chart. More of the same. Final zoom on the 1 year daily candle chart. That is […]