USDJPY is moving inside a descending triangle pattern on its 4-hour time frame, as price made lower highs and found support at the 116.00 major psychological level. The pair is currently testing the triangle resistance for now...
AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level. The pair is currently testing support for now and...
EURNZD has been trading in a downtrend and is currently testing the descending trend line on its 4-hour forex chart. The falling resistance level might hold for now, as stochastic is indicating overbought conditions and is showing...
Last week’s SNB decision to remove the franc peg resulted to a massive rally for the Swiss currency and a 2000-pip selloff for EURCHF. According to SNB Chairman Thomas Jordan, this decision was made in anticipation of...
AUDJPY has been trading in a downtrend, as a descending trend line can be drawn to connect the pair’s recent highs. Price is currently testing the falling resistance level around the 97.00 major psychological resistance for now...
NZDUSD is testing the top of the range on its 4-hour forex chart, indicating that selling pressure might return sooner or later. Price is finding resistance at the .7850 minor psychological level and might be headed for...
NZDJPY recently broke below the bottom of the descending triangle pattern on its 4-hour time frame and is showing signs of a pullback. Price could retreat until the Fibonacci retracement levels which are close to the broken...
NZDJPY has shown increased downside momentum, as price broke below the bottom of the ascending triangle on its 4-hour time frame. The chart pattern is roughly 600 pips in height, suggesting that the resulting breakdown could be...
AUDUSD broke past a resistance area on its 1-hour time frame and rallied to a high of .8250 before retreating. Price is now retracing to the 50% Fibonacci level, which lines up with the broken resistance level...
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that...
