Daily candle chart

Quoting toyboy tramp

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Going into the new week, here's my selection of weekly charts where price action is more than interesting.

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Quoting peaches

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aud/jpy - weekly - daily - longterm:

The weekly charts shows a simple continuation of a bearish trend. There are now signs of a trend change.

For the daily I have no asian name for this pattern, but our friends over in the james16 thread maybe would call this as a DBHLC (a double bar high with a lower close of the second bar). So trend is down.

The longterm chart shows us that there is a trendline coming around ~0.91,
which might give suport a bit.

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Quoting peaches

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So, how will the USD move against other currencys ?

Below is a weekly chart of the dollar index:

http://en.wikipedia.org/wiki/US_Dollar_Index

It shows a spinning top followed by a bullish candle of last week. So we
see there is no confirmation of the spinning top, maybe a bullish continuation of the dollar index.

The second and third chart is the 10 year treasury note:

http://en.wikipedia.org/wiki/Treasury_security

The daily chart shows us after a doji a bullish engulfing candle,
the weekly candle looks like a hammer. A hammer has low reliabillity and needs confirmation.

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Quoting capetown

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Hello peaches..
I like this analyses. Great stuff.
Your decisions for following week are coming mostly from longer time frameslike weekly or monthly or just U use daily?? TX for answer.
Marcel

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Quoting peaches

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Hi marcel,

I try to identify trend on higher timeframes with candlesticks for example,
and then trade the daily. Sometimes I try to get a better entry on lower timeframes (4 h)

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Quoting peaches

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Hello dear hussin, dear all,

I´ll give it a try

EUR/USD - weekly and daily

I can not see a pattern on eur/usd but we notice on the weekly,
the upper wicks are going lower and the lower wicks are going lower,
so if we are short, we are on the rigth side of the weekly trend.

The longs upper wicks on the daily indicates massive selling pressure.

If the fridays candle would have been closed below wednesdays candle, we would have seen a three inside down: http://www.candlesticker.com/Cs75.asp

BUT this has not happend, because we are on a crossway and price has reached a mayor support, which can be seen on the longterm chart. The yellow trendline is holding price up a bit, but its only a matter of time (and good us data and bad eur data), an this trendline will be broken to the downside. I`am targeting 1,45 - 1,445.

This might not be reached tommorrow, because if you look a bit back left on the longterm chart, 1,46-1,47 has been in the past a bit of a consolidation area.

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Quoting hussin naiji

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but for weekly canlde chart EURUSD , now I think EURUSD is unclear after weekly close.
we have a weekly close below %50 real body previous week in fact a bearish Thrusting pattern with low reliability that we must wait for see a confirmation by red candles in the next day for truth this pattern .
we know this pattern is a bearish continuation pattern .
on the other hand we can see a pattern similar (very similar) bullish pricing line pattern with high reliability .
in fact difference in between this patterns is close above or below midpoint of the first day’s body.
let see

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Quoting hussin naiji

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if you look in the weekly candle chart EURUSD even you can easily see a bearish downside tasuki gap pattern previous weeks.
this pattern is a bearish continuation pattern with medium reliability.
attention:after appearance a window in a downtrend in fact this window will be a resistance line for previous trend in the next time.even er can see a false break for close window .
appearance a open of window in a downtrend is sign for continuation of fall , now we can see a confirmation for this pattern.
even we can see a Tweezers top and bearish engulfing pattern previous week .
attention to lower wick of red opening Bozu
with attention to above case THIS IS MY VIEWPOINT FOR EURUSD, WE AGAIN WILL SEE 1.4830 OR 1.4850 AND THEN CONTINUATION OF FALL BELOW 1.43XX

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Quoting hussin naiji

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ALSO

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Quoting peaches

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aud/usd weekly and daily:

the weekly chart has shown us the week before a candle, which I thought was an inverted hammer, as a bottom of a downtrend. But hussin has said absolutly correctly, that this is not an inverted hammer, because it is not at the bottom of a downtrend. The candle left and right has made new lower wicks, so again, if we are short on this one, we are on the right side of the trade.

The daily gives us more clear direction with a bearsih engulfing
candle.

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Quoting hussin naiji

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in the weekly candle chart GBPUSD we can see a forming bearish 3 crows pattern in fact we will see fall the third crow in the next week
chart is clear very clear

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Quoting hussin naiji

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im waiting
a inverted hammer or a bullish morning star or even a bullish morning doji star pattern. i see above 1.86XX GBPUSD in the next time .

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Quoting hussin naiji

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but why above 1.86 i will say to you in the next time

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