Author Archive | Dan Blystone


Shooting Star Pattern Forms in GBP/AUD

A shooting star Japanese Candlestick pattern (bearish reversal) has formed on the GBP/AUD daily chart. The pattern appeared in the context of a strong uptrend dating back to September of 2017. From the close of yesterday’s candle, price has already dipped about 65 pips at the time of this writing. A confluence of bearish signals formed as […]

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Australian Dollar Falls to Fresh 2018 Lows Amid Renewed China Trade Fears

AUD/USD Monthly Chart The Australian dollar fell sharply across the board as trade war fears flared up again on Tuesday. Reports that President Trump is considering a crack down on Chinese companies investing in the US sent stocks tumbling. The move would put into action an emergency law to restrict Chinese investment in ‘sensitive’ emerging […]

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GBP/USD Heavy as EUR/GBP Cross Spikes Higher

After reaching its highest levels since February 2nd, cable abruptly sold off in early trading on Tuesday. Looking at the GBP/USD daily chart above we can see that price has formed a bearish engulfing pattern. Lacking any fundamental driver, analysts point to a sharp rally in the EUR/GBP cross.  Additionally, diminishing fears of a trade […]

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