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GBP/USD Intraday Downtrend Correction
The GBP/USD pair had been trending lower until the short push towards the 1.6600 level found buying support.
The GBP/USD pair had been trending lower until the short push towards the 1.6600 level found buying support.
20 November | 
0 comments
0 comments USD/CAD Trends Higher Into Wedge Resistance
The 30 minute USD/CAD has been rallying as prices traded within a Continuation Rising Wedge pattern. As prices are rapidly running out of room to move within the bottleneck of this Continuation Risi
The 30 minute USD/CAD has been rallying as prices traded within a Continuation Rising Wedge pattern. As prices are rapidly running out of room to move within the bottleneck of this Continuation Risi
19 November | 1 comment
1 comment Fading the Intraday EUR/USD Rally
The 30 minute EUR/USD has almost rallied to the Forecast area which was support and now is resistance. Let's take a look at each step which, when tallied up resulted in this occurrence:
The 30 minute EUR/USD has almost rallied to the Forecast area which was support and now is resistance. Let's take a look at each step which, when tallied up resulted in this occurrence:
18 November | 0 comments
0 comments USD/JPY Forms Channel in Downtrend
A lower trending USD/JPY on the 30 minute timeframe is evident throughout the Monday session. This as the Yen continues to rally against the Dollar, reflecting risk appetite in U.S. Equities. The do
A lower trending USD/JPY on the 30 minute timeframe is evident throughout the Monday session. This as the Yen continues to rally against the Dollar, reflecting risk appetite in U.S. Equities. The do
17 November | 0 comments
0 comments GBP/USD Nears Breakout Level
On the 30 minute GBP/USD timeframe a Continuation Rising Wedge has formed as the uptrend has continued through the 1.6700 level. If prices can find more buying support the momentum could push the GB
On the 30 minute GBP/USD timeframe a Continuation Rising Wedge has formed as the uptrend has continued through the 1.6700 level. If prices can find more buying support the momentum could push the GB
16 November | 1 comment
1 comment AUD/USD: Using Forecast Area Support to Set up a Trade
The 240 minute AUD/USD timeframe has broken the Continuation Rising Wedge pattern and is currently reaching the support at the Forecast area (F). Keep in mind that only complete chart pattern alerts
The 240 minute AUD/USD timeframe has broken the Continuation Rising Wedge pattern and is currently reaching the support at the Forecast area (F). Keep in mind that only complete chart pattern alerts
13 November | 0 comments
0 comments USD/CAD Moving Lower within Falling Wedge
The 60 minute USD/CAD has formed a Reversal Falling Wedge. However do not assume that the trending chart pattern will continue or reverse. Instead observe the levels to determine which trend wil
The 60 minute USD/CAD has formed a Reversal Falling Wedge. However do not assume that the trending chart pattern will continue or reverse. Instead observe the levels to determine which trend wil
12 November | 0 comments
0 comments USD/CHF Intraday Downtrend Slowing
The downtrend on the USD/CHF is leveling out as prices bounce off the 1.0050 area. Note that prices have been as low as 1.0031. The 1.0000 level will therefore be a strong psychological area as th
The downtrend on the USD/CHF is leveling out as prices bounce off the 1.0050 area. Note that prices have been as low as 1.0031. The 1.0000 level will therefore be a strong psychological area as th
11 November | 0 comments
0 comments EUR/USD Trending Patterns on Multiple Timeframes
The mark up cycle on the EUR/USD is taking place on both the 60 and 240 minute timeframes. On the 240 minute chart a Continuation Rising Wedge chart pattern has broken up through the green resistanc
The mark up cycle on the EUR/USD is taking place on both the 60 and 240 minute timeframes. On the 240 minute chart a Continuation Rising Wedge chart pattern has broken up through the green resistanc
10 November | 2 comment
2 comment Intraday Trending AUD/USD below 0.9200
The Continuation Rising Wedge pattern is setting up some near-term trading opportunities. Two factors are indicative of this: 1) The market cycle (C) is heading higher; and 2) The Ini
The Continuation Rising Wedge pattern is setting up some near-term trading opportunities. Two factors are indicative of this: 1) The market cycle (C) is heading higher; and 2) The Ini
9 November | 0 comments
0 comments My FXBank
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