Archive

First, I’d like to wish everyone a happy New Year. Today is December 31st and the trading of the year 2011 has already ended, so it’s time to wish successful trading to all Forex traders in the next year.

My forecasts for 2011 were a complete failure. Mainly due to the worsening of the eurozone debt …

A rather awkward version of a descending triangle pattern has formed on the USD/CHF weekly chart. It begins with a huge fall in October 2008 (when the global financial crisis began) and is currently coming close to its end with the range of a price change narrowing down from above. This is probably …

For this week I’ve found more than last two times on the chart pattern field. EUR/CAD, AUD/USD, EUR/USD and USD/CHF currency pairs show some good setups for those traders that know how to trade on the chart patterns (and there is nothing difficult in that at all). …