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Double Top and Triangle on Intraday EUR/USD
The 60 minute EUR/USD has formed an asymmetrical triangle pattern on the 60 minute chart. This alert is a Continuation Triangle emerging pattern that is of particular note because of the horizontal resistance or double top.
The 60 minute EUR/USD has formed an asymmetrical triangle pattern on the 60 minute chart. This alert is a Continuation Triangle emerging pattern that is of particular note because of the horizontal resistance or double top.
28 July | 
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0 comments Risk Appetite Returns, USD/JPY Tests 95.00
The USD/JPY has been climbing steadily as the Yen has been falling against the U.S. Dollar. This movement reflects the week-long rally in the U.S. Equities markets enjoyed a rally last week as the Dow Industrial Average broke 9,000 for only the second time this year.
The USD/JPY has been climbing steadily as the Yen has been falling against the U.S. Dollar. This movement reflects the week-long rally in the U.S. Equities markets enjoyed a rally last week as the Dow Industrial Average broke 9,000 for only the second time this year.
27 July | 0 comments
0 comments Uptrending EUR/USD Forms Channel
The EUR/USD has been moving in a mark up cycle on the four hour chart since July 14th. This climb has brought the pair often called the "fiber" to the doorstep of 1.4300. This level represents not only a major psychological level, but also significant resistance that was tested during May this year.
The EUR/USD has been moving in a mark up cycle on the four hour chart since July 14th. This climb has brought the pair often called the "fiber" to the doorstep of 1.4300. This level represents not only a major psychological level, but also significant resistance that was tested during May this year.
24 July | 0 comments
0 comments GBP/USD Tests 1.6550 Ceiling
The GBP/USD has rallied to make a triple top as prices once again are being rejected by the 1.6550 ceiling. Although the Emerging Continuation Channel Up pattern is wide, it shows some very important clues about what could be next for the pair known as the "cable".
The GBP/USD has rallied to make a triple top as prices once again are being rejected by the 1.6550 ceiling. Although the Emerging Continuation Channel Up pattern is wide, it shows some very important clues about what could be next for the pair known as the "cable".
23 July | 1 comment
1 comment GBPUSD short term movement
Here are three chart patterns from today's GBPUSD short term frames. The top pattern (1) is taken from the 240 minute time frame. (1) is a continuation triangle with resistance (A) around 1.6530 and support (B) around 1.5830.
Here are three chart patterns from today's GBPUSD short term frames. The top pattern (1) is taken from the 240 minute time frame. (1) is a continuation triangle with resistance (A) around 1.6530 and support (B) around 1.5830.
22 July | 0 comments
0 comments AUD/USD Climbs towards 0.8200
The AUD/USD has been rallying over the past ten days to get to a ceiling that has been the area that sellers have been waiting for.
The AUD/USD has been rallying over the past ten days to get to a ceiling that has been the area that sellers have been waiting for.
22 July | 0 comments
0 comments Watching the Downtrend on the USD/CHF
The USD/CHF has been trending lower as the Dollar Index has been weakening. Both short and longer term intraday charts are setting up within Continuous Channel Down Emerging patterns. A very low Initial Trend might be the main indicator of a breakdown or breakout.
The USD/CHF has been trending lower as the Dollar Index has been weakening. Both short and longer term intraday charts are setting up within Continuous Channel Down Emerging patterns. A very low Initial Trend might be the main indicator of a breakdown or breakout.
21 July | 0 comments
0 comments EUR/USD Heading Higher within Channel Pattern
The 60 minute EUR/USD has formed a Continuation Channel Up Emerging pattern as price rallied through 1.4200. Recent corrections to 1.4143 and 1.4210 show there is buying support on short and longer term intraday weakness.
The 60 minute EUR/USD has formed a Continuation Channel Up Emerging pattern as price rallied through 1.4200. Recent corrections to 1.4143 and 1.4210 show there is buying support on short and longer term intraday weakness.
20 July | 0 comments
0 comments USD/CAD Accumulates within Intraday Triangle
The accumulation phase of a market is identifiable by the sideways price action it travels in. More so, it's the tighter range that separates accumulation from the more volatile, wider ranging cycles known as distribution.
The accumulation phase of a market is identifiable by the sideways price action it travels in. More so, it's the tighter range that separates accumulation from the more volatile, wider ranging cycles known as distribution.
17 July | 0 comments
0 comments USD/JPY Reaches Intraday Forecast Region Support
Chart patterns are not the only tool available to determine the next leg of movement in a pair. Often the support and resistance identified by Forecast Regions can overlap across timeframes and offer insight into where buyers and sellers are stepping in.
Chart patterns are not the only tool available to determine the next leg of movement in a pair. Often the support and resistance identified by Forecast Regions can overlap across timeframes and offer insight into where buyers and sellers are stepping in.
16 July | 0 comments
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