USDJPY Triangle Breakout (Nov 28, 2014)
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session. This could be a sign that the pair is in for at least 150 pips in gains, which is the...
Author: Kate Curtis
AUDUSD Descending Trend Line (Nov 27, 2014)
AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action. The pair previously broke through support around the .8700-.8800 major...
GBPJPY Potential Reversal (Nov 26, 2014)
GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards. The pair is still a hundred pips away from testing the neckline support at the 184.00 levels....
USDCHF Range Setup (Nov 25, 2014)
USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725. The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of...
AUDUSD Reversal Pattern (Nov 24, 2014)
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level...
USDJPY Uptrend Retracement (Nov 21, 2014)
USDJPY has been on a steady climb but it appears to be retreating from its latest rally. Price peaked close to the 119.00 handle then showed signs of retracement to the 116.50-117.00 levels. The Fibonacci tool...
EURUSD Rising Trend Channel (Nov 20, 2014)
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for...
AUDUSD Head and Shoulders (Nov 19, 2014)
AUDUSD has recently been on a short-term climb, but it looks like the rally could be reversed now that a head and shoulders pattern formed on its 1-hour forex time frame. Price is a few pips away...
EURGBP Long-Term Reversal (Nov 18, 2014)
EURGBP has been falling for the past few months but a reversal pattern has just formed on its daily chart. This indicates that an uptrend may start as soon as price breaks past the .8000-.8050 resistance levels....
GBPUSD Descending Trend Line (Nov 17, 2014)
GBPUSD looks prime for a pullback as price found support around the 1.5600 major psychological level. The pair appears to be retreating to the descending trend line visible on its 4-hour forex chart. Stochastic has already...