What’s in a price chart? A lot! Plain and simple, price patterns help you spot high-confidence trading and investing opportunities. Yes, fundamentals have their place, but technical analysis — forecasting the market by looking for price patterns...
USDCAD is now in downtrend from 1.1053. Further decline could be expected after a minor consolidation, and next target would be at 1.0900 area. Resistance is at 1.1000, only break above this level could trigger another rise...
USDCHF failed to break above 0.8861 resistance and pulled back to 0.8791. Deeper decline to test 0.8743 key support is possible, a breakdown below this level will trigger another fall towards 0.8300. On the upside, a break...
USDJPY remains in uptrend from 101.32, the price action from 102.72 could be treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 103.50 area. Support is at 101.96, only...
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already, then the following upward movement could bring price to 0.9550 – 0.9600 area. On the...
GBPUSD broke above 1.6857 resistance, and continued its upward movement from 1.6465. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, further rise could be...
EURUSD is facing 1.3879 resistance, a break above this level will signal resumption of the uptrend from 1.3672, then next target would be at 1.3950 area. On the downside, as long as 1.3879 resistance holds, the rise...
The USD/JPY pair fell during most of the session on Wednesday, but found support near the 102 handle. With that, it appears this market is ready to find buyers every time it falls, something that we have...
The USD/CAD pair tried to rally during the session on Wednesday, but fell back down and formed a shooting star. The shooting star of course is a very sign, and therefore we begin to wonder whether or...
The GBP/USD pair broke out to the upside during the session on Wednesday, and as a result we feel that the next leg higher has started. This should send this market to the 1.70 handle given enough...
