Divergence trading patterns can signal traders of possible trade setups. There are 2 types of divergence patterns, regular divergence and hidden divergence. Both patterns can signal a trader on which side to trade the market. A divergence pattern...
USDCAD is testing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, another fall towards 1.3850 is possible. On the upside, a breakout of the trend line...
USDJPY moved sideways in a trading range between 106.74 and 107.43. A breakout of 107.43 resistance would indicate that the upside movement from 105.98 has resumed, then next target would be at 108.08 resistance, only break below...
AUDUSD is facing 0.6372 support. As long as this level holds, the sideways movement in a trading range between 0.6372 and 0.6569 could be treated as consolidation for the uptrend from 0.5507, further rise to 0.6700 area...
GBPUSD extended its downside movement from 1.2642 to as low as 1.2073, breaking below 1.2164 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
EURUSD failed to break below 1.0766 support and stayed in a trading range between 1.0766 and 1.0896. As long as 1.0896 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1018, a...
USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348, as long as this level holds, the fall from 1.4667 could be expected to resume and further decline to the rising trend line...
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.71 had completed at 105.98 already. Another rise towards 111.00 would likely be seen next week. Support is at 105.98,...
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as 0.6250 support holds, the upside movement could be expected to resume and further rise to 0.6900 area...
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely be seen and next target would be at 1.1700 area. Near term resistance is at 1.2280, a...
