The price for USD/CAD has been ranging between Support and Resistance lines. They have survived multiple tests and proved their reliability so the price has recently bounced and rising again!
The price for GBP/USD had shown rise after leaving the Descending channel. The current fluctuations provides ground to expect the pair to fall forming the Cup and Handle pattern.
The situation on the CAD/JPY is not clear at the moment. The Resistance zone has recently undergone a serious test which was the 4th one so there is high possibility the next one is to be the break out of the current Resistance. There is no predisposition for the rapid rise , so the price will slowly move down.
AUD/CHF has recently tested the Resistance zone and the latter has proved its reliability. The price is falling and expected to leave the pennant.
Another analysis gave the proper price direction. The EUR/USD has tested the Resistance one more time and now is pulling back and is going to range inside between two zones.
The analysis on the 4H timeframe for NZD/USD has been reliable and the Triple Top pattern has recently been formed. Nothing unexpected on the market has occurred and the price is back to the pennant. The next patter to be formed is the Triple Bottom.
An interesting perspective on the EUR/GBP daily time frame! The price recovered above the level it was before the Downward channel and has already tested the Resistance zone. The sharp bounce from the support line gives us the ground to assume that the price will form the Double Top pattern.
The price for AUD/JPY on the 4H time frame has broke the Resistance line. For the time being , we can hardly observe the new Support line and since our EMAs do not provide us any predispositions for trade reversal I expect the price to go on rising.
The analysis was accurate and the NZD/USD is finishing the formation of Triple-Top pattern. For the time being, there are no sights of any changes in the price direction , so we are looking forward the testings of the Resistance line!
The situation on AUD/USD market on 4H timeframe is vague. There are no predispositions for the trend reversal of the rising price , though it is testing yet not confirmed Resistance zone.
The price for CHF/JPY on the 4h timeframe lately has breakout from the descending channel. It moving towards the Key Level and the following price direction depends whether it will break the latter or not.
EUR/USD on the 2h time frame has been ranging , testing the Resistance zone. I expect the one more pullback and the following fluctuations.
EUR/GPB has been rising inside the Saucer pattern. However, if the price will approach the Key Level then the fall will follow.
The market for USD/CAD is vague. The price is ranging in the smooth descending channel however , the Support line is not confirmed yet and I expect it to be the next price movement.
After the bounce from the strong Support line the rising price for NZD/USD is expected to form the Ttiple-Top pattern.
Greetings,everyone! The USD/JPY price has just hit the Resistance line for the second time. Since the latter can not be confirmed yet , I expect the fake breakout and the pullback of the price.
Welcome , everyone! After the sharp Uptrend the GBP/JPY price has been moving inside the Downward channel. At the moment , there is no predispositions for the price to break the channel , so we expect it to slightly fall.