CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that...
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the...
NZD/USD is forming a rising channel on its 1-hour time frame, after having bounced off the bottom near the .8200 major psychological support. The pair has moved past the middle of the channel after the New Zealand...
USD/JPY has confirmed the potential downtrend, after it made a retest of the broken trend line support last week. This could mean that further losses are in the cards for the pair. Take note though that stochastic...
AUD/JPY is on its way towards the bottom of the falling channel on the 4-hour time frame. A bounce might be in the cards since stochastic is indicating deeply oversold conditions. The pair could find support at...
Thanks to Australia’s weaker than expected jobs data, AUD/JPY finally broke below that short-term consolidation on the top of the falling channel on its 4-hour time frame. At the same time, the yen could continue to gain...
After its strong selloff in the past few days, GBP/AUD seems ready to make a retracement to an area of interest. On the 1-hour time frame, it can be seen that the broken support level is right...
GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently. The pair has just bounced off the bottom of the rising channel on the 1-hour time frame as indicating potential rallies. Stochastic is moving...
AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that...
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that...
