Cable made a strong rally in yesterday’s London session, creating a retracement opportunity from its recent slide. Applying the Fib tool on the latest swing high and low shows that the 38.2% to 50% levels span an...
AUDUSD has been trending higher, moving inside an ascending channel on its 4-hour chart. Price just bounced off the channel resistance around the .7750 minor psychological mark and could be due for a test of support near...
EURNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel resistance and might be due for a bounce or a break. The 100 SMA is above...
EURAUD has been trading sideways recently, moving inside a range between support at the 1.4450 minor psychological level and resistance at the 1.4525 area. Price seems to be on its way to test the top of the...
USDCAD seems to be tired from its uptrend, as a reversal pattern can be seen on its 4-hour time frame. Price is forming a head and shoulders formation and is gearing up to test the neckline at...
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement...
EURAUD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting its latest highs. Price is currently testing this resistance area, which lines up with the 61.8% Fibonacci retracement level on...
USDCAD is still trending higher, moving inside the ascending channel on its 4-hour time frame. Price just bounced off support and could be due for another test of resistance once it moves past the mid-channel area of...
EURGBP is trending higher on its 1-hour time frame, moving inside an ascending channel and signaling a possible upside break. Price has formed a bullish flag on the channel resistance at the .8475 area, with an upside...
EURUSD has been trending lower on its 4-hour time frame, moving inside a descending channel and currently testing the resistance. If this area keeps gains in check, price could head back to the channel support at the...
