USDJPY broke above the ascending triangle resistance on its 1-hour chart and confirmed the bullish momentum for the pair. This occurred after the stronger than expected US NFP report was released, increasing speculations for a Fed rate...
USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation, still deciding whether to make...
USDCAD is gearing up to test the bottom of its descending triangle pattern once more, after finding resistance around the 1.2500 levels. Price is nearing the support at the 1.2400 major psychological mark and may be due...
AUDCAD could be in for a breakout soon, as price is approaching the peak of its symmetrical triangle pattern on the 4-hour time frame. Stochastic is pointing down, indicating that a downside break is likely, although price...
EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level. This lines up with the 38.2% Fibonacci retracement level on...
NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart. This lines up with a broken support level and is close to the .7600...
GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower...
AUDJPY recently made a strong break past the 93.50 minor psychological resistance then zoomed up to the 94.00 handle. From there, the pair retreated and started to make a forex correction to the Fib levels marked on...
GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart. At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are...
USDCAD is still stuck inside the descending triangle forex pattern on its 1-hour chart, as price just bounced off the bottom and is now testing the resistance. The top of the triangle at the 1.2600 major psychological...
