GBPUSD Double Bottom Pattern (Mar 23, 2015)
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the...
Author: Kate Curtis
NZDUSD Ascending Channel (Mar 20, 2015)
NZDUSD seems to be starting an uptrend on its short-term time frames, as the pair is creating an ascending trend channel on its 1-hour chart. The short-term moving average has just crossed above the long-term moving average,...
GBPUSD Major Correction (Mar 19, 2015)
GBPUSD made a strong bounce during the FOMC statement, as dollar bulls were disappointed to find out that the Fed lowered their growth and inflation forecasts. Although the statement no longer contained the “patient” wording in discussing...
EURJPY Potential Reversal (Mar 18, 2015)
EURJPY might be done with its recent downtrend, as a short-term reversal pattern formed on its 1-hour time frame. A double bottom can be seen, with price currently testing the neckline of the formation. Moving averages have...
EURUSD Double Bottom (Mar 17, 2015)
EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place. On its 1-hour chart, the pair has formed a double bottom pattern, indicating that the downtrend could turn....
EURAUD Head and Shoulders Breakdown (Mar 16, 2015)
EURAUD broke below the neckline support of its head and shoulders pattern on the daily time frame, indicating that the pair is in for longer-term declines. Price is now 200 pips below the neckline at the 1.4000...
AUDUSD Forex Correction (Mar 13, 2015)
AUDUSD has recently made a strong drop below a key support level near the .7750 minor psychological mark. After that, price reached the .7750 minor psychological handle before making a retracement. Price is waiting at the 38.2%...
EURCHF Descending Triangle Pattern (Mar 12, 2015)
EURCHF could be in for a break below its descending triangle pattern, as the ongoing quantitative easing program of the European Central Bank has been weighing on the shared currency. At the moment, the pair is still...
NZDJPY Descending Trend Line (Mar 11, 2015)
NZDJPY has been in a downtrend on its 1-hour forex chart, as a descending trend line can be drawn to connect the recent highs. The pair just dipped to the 88.00 major psychological support level and is...
GBPJPY Forex Retracement (Mar 10, 2015)
GBPJPY showed increased downside momentum recently, as price broke below a major support zone and dipped close to the 181.00 mark. The pair seems to be in the middle of a retracement right now, as price pulled...