GBPUSD Range Setup (Oct 31, 2014)
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for...
Author: Kate Curtis
CADJPY Countertrend Setup (Oct 30, 2014)
CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range. Resistance at the 97.50-98.00 area might hold and push the pair back to the bottom of the...
EURJPY Double Bottom Breakout (Oct 29, 2014)
The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00. The pair is climbing past the 138.00 handle and...
CADJPY Ascending Trend Channel Support (Oct 28, 2014)
CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows. A bullish divergence can be seen, with stochastic making lower lows. MACD is also reflecting a...
USDCHF Retracement Play (Oct 27, 2014)
USDCHF has been in a strong climb recently, even breaking past a key resistance area around the .9500 handle. However, the pair seems to have lost steam and may be due for a pullback to the area...
USDJPY Correction Over? (Oct 24, 2014)
USDJPY is stalling at an area of interest, which lines up with the 108.00 major psychological resistance level. This also coincides with the 200 SMA and the 61.8% Fibonacci retracement on the latest swing high and low...
NZDUSD Rising Channel Support (Oct 23, 2014)
NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. Stochastic is indicating oversold conditions with a bullish divergence, suggesting...
AUDCAD Reversal Pattern (Oct 22, 2014)
A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame. Price has found resistance at the .9950 mark and is finding support at the...
EURJPY Retracement Setup (Oct 21, 2014)
EURJPY has pulled up from its continuous dive in the past month and appears to be making a quick correction. For now, it is stalling at the 38.2% Fibonacci level, which is aligned with a former support...
Short-Term Uptrend on EURUSD (Oct 20, 2014)
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding. Price is making its way to the channel support near the 1.2750 minor psychological level, which might...