GBP/JPY might be on its way to resume its climb, now that price has made higher lows while stochastic drew lower lows. The support at the pair’s previous week highs around 169.00 seems to be holding well.
EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level.
AUD/USD has broken down to new lows yet again, dipping below the .9050 minor psychological support thanks to stronger than expected U.S. GDP data. This was enough to revive taper expectations for the FOMC meeting in December,...
NZD/USD has been trending lower in the near term, as seen on the 1-hour and 4-hour time frames. To be specific, a falling channel is starting to form on the 4-hour chart, as the pair is getting...
GBP/USD has been making significant breaks above psychological handles recently, confirming that the pair has strong bullish momentum. However, there have been a few pullbacks, eventually creating a short-term rising trend line on its 1-hour time...
EUR/USD is still in its uptrend for now, although the pair was pushed down to test the channel support on the ascending trend line on the 1-hour time frame. A bounce from this area could take the...
After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff.
After months of consolidation inside a 300-pip range, GBP/USD finally made an upside breakout as it reached the 1.6350 minor psychological level recently. This could mean that more gains are in the cards, as the next resistance...
AUD/JPY has just tested and bounced off the bottom of the range visible on the 1-hour and 4-hour time frames. It has shown enough momentum, perhaps enough to push it back to the top of the range...
CAD/JPY has staged such a strong rally recently yet it seems to be reaching an exhaustion at the moment. In fact, a bearish divergence can be seen with price making higher highs and stochastic making lower...
