Resistance at 0.72351 was tested numerous times in February and price action is now flirting with this level again. If price action fails to push though this level, I expect it to move back toward the 0.382 retracement of this most recent leg up. A 0.382 retracement would bring price action within range of a previous support at 0.70538, which has served as...
Daily price action has been held within an upward channel for several weeks now. The blue horizontal lines represent key support and resistance levels that have been tested numerous times, both inside and outside (not shown) of the channel. The green box represents a key region to enter a trade, however, which direction has not yet become clear. The 8, 20, and 50...
Bat continuation pattern inside a symmetrical triangle. See chart for details. Ideal Bat Criteria: XA is pattern's longest leg. AB retraces to 0.383 - 0.5 of the XA leg. BC retraces between 0.382 and 0.886 of the AB leg. CD is ideally equal to AB in price and time, but typically extends to the 0.886 retracement of the BC leg. D often occurs between the 1.618 and...
Technicals: Price is currently at point 'C' of a possible Cypher pattern. C almost touched a previous trend line established since October that has been touched three times and closely approached twice. C also almost touched the 0.618 retracement from the downward movement spanning mid-March to late-April. C is also the beginning of the third drive of a three...
See chart for technical details. Be aware of economic events scheduled through to the end of the week (employment numbers from both countries, etc). RSI (14) = 76.35