On its 4-hour time frame, AUD/USD’s highs and lows can be connected to form an ascending channel. This shows that the pair’s uptrend is still intact, provided that the bottom of the channel holds as support for...
There isn’t much in terms of data in today’s economic schedule, but there could be an opportunity for a quick scalp trade for GBP/USD. The UK is set to print its CBI realized sales report at 12:00...
For the Kiwi bulls, the recent selloff in the Kiwi might be an opportunity to catch a long trade at a better price. However, the pair has still a few hundred pips to go before reaching potential...
EUR/USD is inside another consolidation pattern on its 1-hour time frame and, based on previous price action, this could mean another upside break.
AUD/CAD’s rallies seem to be exhausted already as the pair is in the process of testing the resistance at parity. This is in line with a former support level, which has held last year.
NZD/USD seems to need more buying power before sustaining its recent rallies, and a quick retracement might be in the cards.
EUR/USD has been on a tear after breaking past the 1.3600 major psychological level but it seems that a pullback could happen before the pair rallies any higher.
GBP/JPY’s recent rallies might come to a halt and start to reverse as the pair is hitting resistance at the 157.50 to 158.00 psychological levels.
A complex head and shoulders pattern seems to be forming on EUR/USD’s 4-hour time frame, as the pair is testing the neckline around the 1.3500 handle.
GBP/JPY is still on a steady uptrend on its longer-term time frame, despite the selloff seen in the past few weeks. The pair has just bounced off the rising trend line on the daily time frame after...
