EUR/USD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic...
AUD/CAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support. The pair could now find resistance at the 38.2% to 50% Fib...
EUR/NZD has been in a massive selling spree over the past couple of trading days, pushing the pair all the way down by at least 150 pips. Using the Fibonacci retracement tool on the 1-hour time frame...
A double bottom pattern can clearly be seen on the daily chart of AUD/NZD, indicating that the recent downtrend is coming to an end. The neckline of the formation is around the 1.0900 to 1.0930 levels, although...
AUD/USD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher. In the 4-hour chart, the Fibonacci retracement tool shows that...
CAD/JPY is in a short-term uptrend, as seen on the channel connecting the highs and lows of price action on the 1-hour time frame. In fact, the pair just came off a test of the channel support...
AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to...
USD/CAD recently broke below a rising trend line on its 4-hour time frame, thanks to weak US non-farm payrolls data and a downbeat FOMC meeting minutes release. However, the pair is showing signs of exhaustion from the...
USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may...
A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break...
