GBPUSD had been trading below a descending trend line since mid-June but the pair recently broke to the upside. This signals that a reversal is in order, especially since price made a pullback to the broken trend...
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair...
AUDUSD bounced off its recent lows as risk appetite returned to the markets in the past few trading sessions. The pair looks ready to retrace to the broken support at the .7600 major psychological level, which lines...
NZDUSD has been on a strong downtrend in the past few weeks but price is pulling up to test a resistance level on its 1-hour time frame. Price is trading around the descending trend line connecting the...
USDCHF is currently testing the resistance of the symmetrical triangle visible on its daily forex chart. Price is also encountering a ceiling around the moving averages, indicating that a selloff might take place. Stochastic is still...
EURUSD has had trouble breaking past the 1.1400 major psychological barrier and has formed a double top pattern on its 4-hour chart. This reversal signal could indicate that the previous uptrend is over and that selling pressure...
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near...
USDJPY was rejected at the resistance of the descending channel on its 1-hour time frame, which suggests that the selloff could resume. The pair found resistance at the 123.50 minor psychological level and could head back towards...
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic...
AUDUSD recently bounced off its long-term support at the .7600 major psychological level and could be ready to test the top of the range again. Price is moving up towards the resistance at .7800, which might keep...
