AUDUSD recently broke below the bottom of a longer-term ascending channel visible on its daily and 4-hour chart. On the shorter-term time frames, it can be seen that the pair is moving inside a descending channel formation...
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support,...
EURUSD has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and currently testing resistance. If the ceiling holds, EURUSD could pull back to the channel support at the 1.1150 minor psychological level....
AUDUSD has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price is trading around the middle, though, still deciding whether to test the resistance at .7625 or support at .7550. The...
EURGBP has been moving in an ascending channel visible on its longer-term time frames and is just testing the resistance. Price seems to be making a correction from the uptrend at this point and applying the Fib...
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be...
EURUSD is on an uptrend on its 4-hour time frame, moving above an ascending trend line and getting ready to test support. The Fib tool applied on the latest swing high and low shows that the 61.8%...
EURAUD has been declining on its 4-hour chart but a reversal pattern has formed, signaling a potential uptrend. Price has failed in its last two attempts to break below the 1.4500 major psychological support, creating a double...
USD The US dollar gave up some of its recent gains when the FOMC minutes showed that the central bank is in no rush to hike interest rates. Most policymakers judged that it would be prudent to...
GBPAUD has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. Price is starting to pull up from its recent dive and applying the Fib tool...
