USDJPY Ascending Trend Line (Dec 20, 2016)
USDJPY is still trending higher, moving above an ascending trend line on its 1-hour time frame and gearing up for a test of support. Applying the Fib tool on the latest swing low and high shows that...
Author: Kate Curtis
EURAUD Range Setup (Dec 19, 2016)
EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark. If this holds as a ceiling, the pair could...
GBPJPY Short-Term Uptrend (Dec 16, 2016)
GBPJPY is still trending higher, moving above a rising trend line on its 1-hour chart and getting ready for another test of support. The trend line coincides with a former resistance at the 146.00 to 146.50 levels,...
AUDUSD Breakdown and Correction (Dec 15, 2016)
AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing. Applying the Fib tool on the breakdown move shows that the 50% level lines up with the broken wedge...
AUDUSD Rising Wedge (Dec 14, 2016)
AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level....
USDJPY Long-Term Area of Interest (Dec 13, 2016)
USDJPY appears to be stalling from its recent rallies as price is approaching a long-term area of interest visible on the daily and weekly charts. Price previously broke below support at the 116.00 major psychological level, which...
NZDUSD Rising Channel (Dec 12, 2016)
NZDUSD is trending higher on its 1-hour time frame, moving inside a rising channel connecting the latest highs and lows of price action. Price is currently testing the channel support, which lines up with a former short-term...
EURAUD Range Setup (Dec 09, 2016)
EURAUD has been moving sideways recently and the latest set of market events have allowed the range to hold. Price just bounced off the resistance at 1.4475 and is now headed back towards support at the 1.4150...
GBPJPY Ascending Trend Line (Dec 08, 2016)
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines...
GBPUSD Uptrend Correction (Dec 07, 2016)
Cable has been trending higher recently, moving inside an uptrend channel visible on its 1-hour chart. Price just hit the top of the channel and is showing signs of a pullback to support at the 1.2500 major...