EURCHF has been forming lower highs and higher lows, creating a symmetrical triangle pattern o its 1-hour chart. Price has been consolidating tightly and moving closer to the end of the triangle, indicating that a breakout might...
AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart. Price recently broke above the double bottom neckline as well, setting...
GBPAUD formed lower highs and found support at the 2.1425 level, creating a descending triangle pattern on its 4-hour forex chart. Price is currently testing the triangle support, with a potential breakdown likely to indicate the start...
EURAUD has just gotten rejected on its test of the range resistance at the 1.6200 major psychological level and is now headed towards support at the 1.5600-1.5650 area. This follows the formation of a double top pattern...
AUDUSD might be done from its recent slide, as it formed a double bottom formation on the 1-hour chart and a larger one on the 4-hour time frame. Zooming in to the shorter-term time frame reveals that...
EURUSD could be in for a short-term reversal from its recent selloff, as the pair formed a double bottom pattern on its 1-hour time frame. Price has yet to test and break above the neckline of the...
AUDUSD has been in a strong downtrend lately but it looks like the bearish momentum is fading. Price formed higher lows on the 4-hour chart while stochastic made lower lows, creating a bullish divergence. Stochastic has yet...
NZDUSD enjoyed a bit of support in recent trading sessions, as traders squared away their risk-off positions. The pair bounced off the bottom of its range around the .6250 minor psychological mark and might make its way...
EURJPY previously broke below a double top formation on its short-term time frames, signaling that a downtrend is in order. However, the pair enjoyed a bit of relief rally in recent trading sessions, allowing price to pull...
After breaking below the short-term support and indicating further downside momentum, EURGBP is showing signs of a potential pullback to the broken support. Using the Fibonacci retracement tool on the latest swing high and low on the...
