Recent content by 4XTechnicales

Dear All I am working on developing a pattern recognition system which I am planning to use trading Fixed Odds. The trading system Idea is to recognize the chart patterns and to give you statistical information on the pattern and its occurrence on a given Forex pair of currency. The most...

22 - 26 USDJPY Weekly Technical Outlook USDJPY USDJPY did what we exactly expected last week. Since it went down breaking previous low at 88.50 and it should keep this strong down trend as long as it is under 91.60. Trading Strategy: Short USDJPY @ 90.20 with stopl loss at 91.60 with a...

22 - 26 GBPUSD Weekly Technical Outlook GBPUSD The same like EURUSD Last week, GBPUSD went north after the break of the strong resistance level at 1.5532. But it had been faced with a strong supply forces at 1.5750, and went into a correction phase. The pair should keep this bullish outlook...

22 - 26 EURUSD Weekly Technical Outlook EURUSD Last week EURUSD went north after the break of the strong resistance level at 1.3250. But it had been face with a strong supply forces at 1.47, and went into a correction phase. The pair should keep this bullish outlook as long as price remains...

GBPUSD Reversal Confirmation GBPUSD Reversal Confirmation Right now the pair changed its mid term direction by breaking above latest high at 1.5500. GBPUSD today confirmed its up trend by that break. Now it is targeting resistance areas at 1.5882, 1.6400, and then 1.6650. Trading Strategy...

USDJPY Weekly Technical Outlook Japanese Yen is in a clear down trend since the mid of last month. Continuation of down trend is something highly expected as long as we stayed under last top at 94.00. Trading Strategy We will be looking to short USDJPY with a stop loss at 94.00 and our first...

Weekly Outlook for GBPUSD Bears still having the upper hands on that pair after its break of the major support at 1.7406. GBPUSD formed a lower support at 1.4465 and started on last week to retrace moving up. But bulls lost their appetite to continue moving up after they faced the strong...

In this section we will be watching larger time frames for direction continuation, weaknesses, and/or reversals signs. We will be writing to you our expectations for Forex market pairs' direction for the week a head along with the price levels which by breaking them the pair will cancel or...