USDCAD currently in an up tree and is continuing to follow the trend line also the value of the USD is playing a big part the in continuation of the uptrend vs CAD Dollar.
AUDUSD broke out of consolidation and blow right through support level of 0.74600. should reach TP 0.73059 as that is a very strong support level .. Also the Value of the USD is continuing to be strong which is helping to drive the price down.
USDJPY, as shown below, managed to break below red bullish channel. This may suggest that price is starting to correct down towards 109.40-109.20 after which it will move up once again before finishing its corrective move downward.
EUR/CHF slid after the bearish pin bar candlestick pattern that we covered yesterday in our New York Session Watch. Before the price fell from the 1.2115 resistance level, there's another two candlestick patterns which add odds to the downside which is the doji candlestick pattern and the inside bar candlestick pattern. The current support level is at 1.2080 and...
We have a false break of the inside bar candlestick pattern on AUD/USD. First, the price broke below the low of the inside bar candlestick pattern but then moved back up and closed within the inside bar candlestick pattern which traps the sellers who sold at the break of the inside bar candlestick pattern. Note that the Stochastic and Commodity Channel Index (CCI)...
NZD/JPY formed an inside bar candlestick pattern at the mid band of the bollinger band and there's another bullish pin bar candlestick pattern after the breakout of the inside bar candlestick pattern which shows more buyers are coming in. Note that the stochastic indicator was showing oversold at the time the price formed the inside bar candlestick pattern which...
GBP/USD has been in a strong down trend since last month but seemed to find some ground in the last few days. There's an inside bar candlestick pattern formed on this pair, so the price could potentially move slightly higher to the resistance level and fill the gap before continuing to move lower. The stochastic and Commodity Channel Index (CCI) are showing the...