as we can see here on the EUR/NZD chart that the market was previously trending in an uptrend for quite a while. until the market then came and used a previous resistance level as support then bounces back up (as expected in an uptrend), from here the market attempted to break into new areas but failed, after the fail of the break, the market came back down...
as we can see here on the USD/JPY chart that it has just broken to the upside from a downward trend. price just broke through the top resistance trendline and has moved up to then change momentum near a previous resistance level and then came back down to approach the previously broken trend line. at this point, if price settles and creates new structure above the...
AUDCAD has been travelling in a descending channel and the most recent interaction with the channel was the top.Price hit the top of the channel ,came back down and has reached a major support zone. Price will either break below the support zone, come back up to retest it. We could then see a large rally down, however if price makes a higher high and breaks above...
as we can see here on the EUR/AUD chart that it has broken from an uptrending funnel to a move to the downside. now the market looks like it has just tested the previously broken support line to now make it a new resistance level. due to the nature of this kind of pattern, there is a possibility that a head and shoulder pattern is going to be formed. so we will...
as we can see here on the EUR/USD chart, that the EUR has been gaining strength against the US dollar. and now we can see that the market has broken through a sideways consolidation to start trending to the upside. now the market is creating higher highs and higher lows, which is within strong support and resistance trend lines. at this point, price is now moving...
as we can see here on the CHF/JPY chart, that the yen has been trading weakly against the Swiss franc, and the market had been previously trading in a downward funnel for a while. the market was trending down and moved into a strong support zone, then from here, it moved its momentum sideways into consolidation, after a double top / 2 triangles were formed as a...
as we can see here on the EUR/JPY chart that the pair is in a downward trend, and has been creating lower and lower lows within the daily timeframe chart. now the pair has paused its momentum and has started to move sideways with a single triangle pattern which has created support and resistance levels. due to the nature of this pattern formation, we should wait...
as we can see here on the EUR/JPY chart. the market has been trending within the top blue trendline and the bottom blue support area. for the 3rd time price has tested the bottom blue support area and has bounced off to have a strong move to the upside towards the top resistance line. now price has retraced and has tested 0.5 fib level and the candlesticks are...
as we can see here on the EUR/USD chart, the EUR has been trading strongly against the dollar, due to its weakness with all of the president trump news. previously price was trading in an upward trend between an upwards resistance and support trend line. in the trending area, after the first triangle price then rocketed to the upside very strongly passing various...
as we can see here on the CHF/JPY chart, JPY has been trading strongly against the Swiss franc.price has previously doubled topped to confirm a change in the structure after a long term downtrend. now price has rocketed to the upside and has moved strongly approaching a very important resistance trend line/area. because of how strongly price has approached the...
as we can see here on the AUD/USD chart price has been trending sideways between the 2 major pink support and resistance levels for a little while now. previously price has come down to test the support level but however has broken past it, as a fake-out, to then move back to the upside to the previously trending area, before it broke out. now we can see that...
as we can see here on the USD/CAD chart it has recently been having strong moves to the downside, after breaking down from the top support level. this was all because of the recent US news with president trump which has caused the currency to weaken. now price is potentially trending in a downward channel, and has tested the downward resistance trend line and has...
as we can see here the pound has just had a strong move to the upside, against the dollar. previously the market has been trending within the top and bottom blue support and resistance levels, and now the market is approaching the top level again. in the past there have been strong tests on this level with different types of single and multiple patterns, after...
as we can see here NZD/JPY has been trending around an in this funnel. right now we can see there has been a previous breakout to the upside from the funnel to then test the a major resistance area, to then break back into the downside and then move back to trending in the funnel with a double top on the bottom support line to show confirmation of structure. for...
as we can see here GBP/NZD has been previously in an up trending funnel. from this funnel, it then broke to the downside for the market to move momentum into new downside areas. after an approximately 100 pip drop, it then created new structure with a small double top as a sign of market confirmation. after this point market momentum then bounced to a strong...
here we can see that USD/CAD was previously in an upwards trending market for a while, and has suddenly broken through to the downside. once it broke through it then came back to retest the support line, to then have a strong move further to the downside towards a major support level. at this level, it then built a strong structure as confirmation for a potential...
as we can see here on the daily timeframe this pair has been trending in a downwards structure for a while, and now we can see a big triangle has formed with a head and shoulders at the top. now we can see that it has approached back down to a strong resistance level and has tested it. because of the nature of this type of pattern, with reassurance from a low RSI,...
as we can see here this currency pair has been consolidating sideways between 2 strong support and resistance levels. however, if we look at the bigger picture, we can see a nice double top forming (represented by 2 triangles). this means when price hopefully gets back to the bottom support level could be potentially looking for a nice bounce back and a move of...