AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame. As you can see from the chart, the pair bounced off the 96.00 major psychological support a couple of...
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame. A double bottom formation can be seen after the pair failed in its past two attempts to break below...
EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on. Price could head back to the top of the range near the .8050 minor...
AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame. The pair previously bounced off its lows and is showing...
GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards. The previous uptrend could soon be reversed if price breaks below the neckline of the pattern...
USDCAD has been on a short-term uptrend, as shown by the ascending trend line connecting the pair’s recent lows. Price looks ready to make a test of the trend line for now and may bounce off support,...
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs. This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has...
GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark. Price recently bounced off the bottom...
EURUSD is consolidating inside a symmetrical triangle pattern ahead of the top-tier events from both the euro zone and the US this week. For today, German and French manufacturing and services PMIs are lined up and these...
EURGBP has been moving inside a rising channel since the start of the month, as the uptrend might carry on. The pair is gearing up to test the top of the range around the .7950 minor psychological...
