AUDCAD recently broke past a consolidation pattern on its long-term time frames and is currently making a pullback. Price is finding support around the 50% Fibonacci retracement level, which lines up with the former resistance around the...
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around...
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same...
GBPUSD is consolidating inside an ascending triangle pattern on its 4-hour chart ahead of today’s event risks. Price just bounced off the bottom of the formation and may be due for another test of resistance around the...
AUDUSD recently surged past the .7350 minor psychological resistance, which has served as a barrier towards the end of last month. Price topped out around .7420 and is showing signs of a pullback to the broken resistance....
CADJPY had been trading inside a descending triangle pattern on its 4-hour time frame before the pair made a break below support. This suggests that further losses are likely, possibly triggering a downtrend of around 400 pips...
EURUSD is currently testing the descending triangle resistance and might be due for a move back to the support at the 1.0850 minor psychological level. Stochastic is pointing down, indicating that sellers are in control, while RSI...
AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff. Price has failed in its last two attempts to break below the .7250 minor psychological support level and is...
EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support. This lines up with the 61.8%...
EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows. Price could draw support around the 1.5000 to 1.5100 area, which...
