USDCAD Is Facing Channel Support
USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair...
Category: Special Focus
Gold Broke Above Triangle Pattern on 4-hour Chart
XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37. Near term...
USDCNH Broke Below 6.8680 Key Support
After breaking below the lower support trend line of the triangle patter on the daily chart, USDCNH continued to break through the 6.8680 key support, indicating that the bearish movement from the January 3 high of 6.9867...
EURGBP Might Be Forming Double Bottom Pattern
EURGBP might be forming a double bottom pattern on its daily chart. The first bottom is at the December 2016 low of 0.8304, and the second bottom is at the April 18 low of 0.8313. The neckline...
Gold Rebounded Away From Trend Line
After touching the ascending trend line from 1180.51 to 1194.94 on daily chart, XAUUSD rebounded strongly to 1265. Further rise to test the resistance of the descending trend line from the July 2016 high of 1375.11 to...
EURJPY Broke Above the Major Resistance of 124.09
EURJPY broke above the major resistance of the December 2016 high of 124.09, indicating that the long term uptrend from the June 2016 low of 109.04 has resumed. The long term uptrend could be expected to continue...
USDCNH Broke Below Channel Support
USDCNH broke below the bottom trend line from 6.8680 to 6.8837 of the price channel on the 4-hour chart, indicating that the short term uptrend from 6.8680 had completed at 6.9171 already. The subsequent downward movement extended...
USDJPY Failed to Break Above 115.50 Resistance
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...
EURUSD Broke Above Channel Resistance
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...
Bitcoin Remains in Uptrend
BTCUSD stays above a rising trend line on daily chart, indicating that the pair remains in uptrend from 905. As long as the pair is above the trend line the fall from 1800 could be treated as...