GBPUSD Triangle Breakout (Aug 03, 2016)

by Kate Curtis | August 3, 2016 4:53 am
GBPUSD was previously consolidating inside a symmetrical triangle pattern on its 1-hour time frame before price decided to go for an upside breakout. This signals that buyers are taking control of price action and are ready to...

EURJPY Channel Pullback (Aug 02, 2016)

by Kate Curtis | August 2, 2016 4:25 am
EURJPY has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price seems to be finding support at the bottom of the channel and could be due for another test of resistance....

GBPJPY Countertrend Setup (Aug 01, 2016)

by Kate Curtis | August 1, 2016 5:19 am
GBPJPY has been trending lower on its 1-hour time frame, moving inside a descending channel. Price is testing support at the 135.00 major psychological level, which could keep losses in check for now. If so, the pair...

GBPUSD Symmetrical Triangle (July 29, 2016)

by Kate Curtis | July 29, 2016 4:26 am
GBPUSD has been forming higher lows and lower highs, creating a symmetrical triangle pattern on its 1-hour time frame. Price recently bounced off the triangle support and looks ready to make another test of resistance. The 100...

GBPJPY Support Turned Resistance (July 28, 2016)

by Kate Curtis | July 28, 2016 3:56 am
GBPJPY recently broke below support at the 139.00 major psychological level then dipped to the 136.00 area before pulling up. Applying the Fib tool on the latest swing high and low on the 4-hour time frame shows...

USDCAD Breakout Correction (July 27, 2016)

by Kate Curtis | July 27, 2016 2:16 am
USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action. However, the rally was cut short at the 1.3200 area and a correction seems to be taking...

USDCAD Triangle Breakout (July 26, 2016)

by Kate Curtis | July 26, 2016 2:48 am
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining...

USDJPY Descending Channel (July 25, 2016)

by Kate Curtis | July 25, 2016 5:07 am
USDJPY has been trending lower on its longer-term time frames, moving inside a descending channel on its daily time frame. Price is currently testing the channel resistance at the 106.50-107.00 area, which lines up with a former...

USDCAD Countertrend Setup (July 22, 2016)

by Kate Curtis | July 22, 2016 5:58 am
USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon. Price is making its way towards the top of the channel at the 1.3200 major psychological...

EURAUD Triangle Bounce (July 21, 2016)

by Kate Curtis | July 21, 2016 11:34 am
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame. Price appears to be bouncing off the support zone and could carry on...