NZDUSD Countertrend Setup (Mar 4, 2016)

by Kate Curtis | March 4, 2016 1:20 pm
NZDUSD has slowly been trending higher, moving inside an ascending channel visible on its 1-hour time frame. Price just bounced off support and is making its way to the top for a potential test of resistance. If...

GBPUSD Downtrend Retracement (Mar 3, 2016)

by Kate Curtis | March 3, 2016 4:20 am
GBPUSD has been trending lower on the longer-term time frames and the recent rally offers an opportunity to short on a pullback. A descending trend line can be drawn to connect the latest highs of price action...

EURJPY Reversal Pattern (Mar 2, 2016)

by Kate Curtis | March 2, 2016 4:19 am
EURJPY has been selling off recently but it seems that a reversal is about to take place. Price formed a double bottom pattern visible on its 1-hour chart, hinting that an uptrend might take place.  Price failed...

GBPAUD Downtrend Setup (Mar 1, 2016)

by Kate Curtis | March 1, 2016 3:42 am
GBPAUD has been trending below a descending trend line on its 4-hour time frame and seems to be ready for a pullback. Price bounced off the 1.9300 area and might retrace to an area of interest near...

AUDUSD Ascending Channel (Feb 29, 2016)

by Kate Curtis | February 29, 2016 6:50 am
AUDUSD has been trending higher in the past weeks, trading above an ascending channel on its 1-hour time frame. Price is currently testing the trend line support and might be due for a bounce or a break....

GBPJPY Descending Trend Line (Feb 26, 2016)

by Kate Curtis | February 26, 2016 4:09 am
GBPJPY has been trending lower across multiple time frames, moving below a descending trend line on its 4-hour forex chart. Price is currently pulling up to the resistance area and might be ready to resume its drop...

USDJPY Descending Trend Line (Feb 25, 2016)

by Kate Curtis | February 25, 2016 4:16 am
USDJPY has been trending lower recently, moving below a descending trend line connecting the latest highs of price action on the 1-hour chart. Price is currently testing this trend line and might be due for another drop....

EURAUD Channel Breakout (Feb 24, 2016)

by Kate Curtis | February 24, 2016 3:47 am
EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows. However, price made a downside break of support recently, indicating that a reversal might take place....

NZDUSD Triangle Breakout (Feb 23, 2016)

by Kate Curtis | February 23, 2016 5:36 am
NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart. Price recently broke past the triangle resistance and zoomed up to the .6725 level before...

USDCAD Descending Triangle (Feb 22, 2016)

by Kate Curtis | February 22, 2016 9:15 am
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once...