On its daily time frame, USD/CHF has retraced to an area of interest around the .8900 major psychological level. This area served as support in the past and might hold as resistance moving forward. Stochastic is already...
After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off...
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame. This suggests that bulls are back in action...
USD/CAD recently broke above a triangle pattern on its 4-hour time frame, suggesting that the uptrend is ready to resume. This breakout was sparked by comments from BOC Governor Poloz, suggesting that a rate cut might be...
NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near...
EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level. This could be indicative of more losses for the pair, but...
The short-term selloff on GBP/JPY may soon be over, as a classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame. A double bottom can be seen after the pair tested the support around 167.75 a...
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone. A...
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month....
NZD/USD is in a strong uptrend on its short-term time frame, boosted by rate hike expectations in this week’s RBNZ interest rate decision. Earlier today, New Zealand Prime Minister John Key remarked that rates need to return...
