Tag Archives: breakout

GBPUSD – selling pressure for symmetrical triangle breakout

Posted on May 9, 2012 by

Hi all, as you would no doubt have noticed the selling against the USD has been prolific in the last 24 hours though of course some currencies have copped it more than others – AUD and NZD – I’m looking … Continue reading →

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Apollo Group (APOL US) – Buy on Wedge Breakout

Posted on February 15, 2012 by

Hi everyone, the chart that I am looking at here is Apollo Group (APOL) and you can see that price has already broken out of a wedge formation. The reason I quite like the look of this setup is due … Continue reading →

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Oil and Gold – Charts and Commentary

Posted on November 9, 2011 by

Hello everyone, below you will find a video outlining some of the current considerations that are impacting on the price of gold and oil.

Posted in Commodity, Gold, Market | Tagged , , , | 1 Comment

Aussie dollar shows the danger of moving too soon

Posted on September 14, 2011 by

Hello everyone, as I was watching the AUDUSD trading this afternoon I thought it was worth recording some thoughts on the different ways in which breakouts occur. As I was recording I also thought that you could look at these … Continue reading →

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AUDUSD setting up potential hourly symmetrical triangle

Posted on April 29, 2011 by

Hi again everyone, it’s been something of a morning of intra-day patterns so I figured I would just keep posting them as I find them. In this case you can see the fast moving AUDUSD trading in something of a … Continue reading →

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US30 setting up in wedge pattern

Posted on April 29, 2011 by

Good morning all, this is a pattern that was spotted by the CMC Markets Pattern Recognition feature that is built into our platform on the US30 Index CFD hourly chart:

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BHP AU almost at retracement point to the channel

Posted on March 22, 2011 by

Good morning everyone – the following isn’t a chart setup per se but I thought it was worth a look in any case because we are talking about the Big Australian afterall. Recently I showed you a chart where BHP … Continue reading →

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HGG forms up for Symmetrical Triangle

Posted on March 11, 2011 by

After quite a sharp run up in price, Henderson Group has entered into a symmetrical triangle consolidation pattern (one could possibly argue double top pattern as an alternative). This will mean that traders will now be looking for a breakout … Continue reading →

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BHP hits bottom end of daily channel

Posted on March 11, 2011 by

Good morning everyone, anyone who watches the Australian market will be an avid watcher of BHP Billiton shares. Given the huge amount of the index that it makes up it’s a key company because it can genuinely move the market. … Continue reading →

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Incitec Pivot (IPL AU) in Symmetrical Triangle

Posted on March 9, 2011 by

Hi everyone, I wanted to show you a chart from the Australian market of a symmetrical triangle in fertiliser maker IPL. I think that at the moment this type of consolidation pattern is similar to what we are seeing in … Continue reading →

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