USDCAD has formed a reversal pattern on its 1-hour time frame, suggesting that a downtrend might take place. Price has yet to break below the neckline support at the 1.1250 minor psychological level before confirming the potential...
USDCAD has recently broken past the 1.1200 major psychological resistance and zoomed close to the 1.1400 handle in the past weeks, before showing signs of a retracement. Price is now retreating back to the 1.1200 area, which...
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600...
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over. A triple bottom can be seen, as price found support around the .8700 handle and is...
EURJPY looks poised for more losses, as the pair recently broke below the descending triangle support on its daily time frame. Stochastic is already in the oversold zone, indicating that a bounce might take place in case...
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the...
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t...
USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. Price is currently testing the neckline around the 108.00 handle....
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs. The pair has bounced off the 1.2500 major psychological support level and pulled up to the...
GBPUSD has been in a steady downtrend in the past weeks, more so last Friday when the US released a strong NFP reading. Price has dropped from the 1.6150 area to 1.5950 where it is currently consolidating....
