EURAUD Triangle Bounce (July 21, 2016)

by Kate Curtis | July 21, 2016 3:53 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...

GBPUSD Reversal Pattern (July 20, 2016)

by Kate Curtis | July 20, 2016 3:39 am
GBPUSD seems ready to resume its drop, as a head and shoulders pattern can be seen on its 1-hour time frame. This is a classic uptrend reversal signal, with selling pressure likely to increase once price has...

AUDUSD Trend Line Test (July 19, 2016)

by Kate Curtis | July 19, 2016 4:05 am
AUDUSD has been trending higher on the short-term time frames, moving above a rising trend line connecting the recent lows of price action. The pair is currently testing this support area and could be due for a...

EURUSD Range Support (July 18, 2016)

by Kate Curtis | July 18, 2016 5:30 am
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top. ...

USDCHF Rising Channel (July 15, 2016)

by Kate Curtis | July 15, 2016 2:17 am
USDCHF has been trending higher recently, moving inside a rising channel visible on its 1-hour and 4-hour charts. Price is currently testing the channel support and could be due for a bounce back to the resistance at...

EURAUD Descending Channel (July 14, 2016)

by Kate Curtis | July 14, 2016 4:20 am
EURAUD has been trending lower on its short-term and long-term time frames, but a potential opportunity to catch the downtrend has materialized on the 4-hour chart. Price is bouncing of the descending channel support and might be...

AUDJPY Retracement Setup (July 13, 2016)

by Kate Curtis | July 13, 2016 3:23 am
AUDJPY has been on such a strong rally these days but a correction might be due. Price appears to have hit a ceiling at the 80.00 major psychological level and could make a pullback to the Fib...

EURNZD Descending Channel (July 12, 2016)

by Kate Curtis | July 12, 2016 3:40 am
EURNZD is in the middle of pulling back up to the descending channel resistance visible on its 4-hour time frame. Using the Fib tool on the latest swing high and low shows that the 61.8% retracement level...

AUDJPY Rising Channel (July 11, 2016)

by Kate Curtis | July 11, 2016 5:26 am
AUDJPY has started to trend higher on its 1-hour time frame, moving inside a rising channel on the short-term chart. Price is currently testing the channel support and might be due for a bounce towards the resistance...

EURCAD Descending Channel (July 08, 2016)

by Kate Curtis | July 8, 2016 3:19 am
EURCAD is still moving inside its descending channel visible on the pair’s 4-hour time frame. Price is moving closer to the channel resistance around the 1.4450 minor psychological mark and 200 SMA.  The 100 SMA appears to...