M - Price is currently stalling at a historical S/R level at 0.70700. There is not a strong reversal yet, so that is something to keep in mind when analyzing this pair, but price is still currently sitting at a key level.
W - Price has formed a triple bottom at key S/R. There was a small bullish bar that closed last week that is signaling price action may be...
1M - Price is at a historical S/R level around 1.00500. Although we do not have a reversal candle at this level yet, price is still sitting at this key level and the lower timeframes are starting to show a clearer picture of what USDCHF may do over the next week or two.
1W - The weekly chart is clearly sitting at a key S/R level. On this timeframe the level is...
1M - We saw last month close with a strong bullish engulfing bar off of a historical support level. This is a key level that price action has failed to break below numerous times. It is all time lows for GBPCHF and a strong rejection off of this level could mean we may see price action continue higher over the next couple of months.
1W - After a double bottom,...
The weekly chart just formed a bullish engulfing candle and closed just above the 50 ema. The weekly overall is making higher lows. There is a clear ascending triangle formed, so this could potentially pop to the weekly highs. On the daily chart, we just got confirmation of the weekly by forming a double bottom and then a strong move forming a higher high. It also...
All the technicals point bearish for the S&P 500. It has been decelerating and essentially moving sideways since Jan 2015. With the BREXIT vote just passed in favor of leaving the EU, caused the stock market to take a big hit and breakout of consolidation. This could be it...
USD/CAD has been in a bullish trend for going on 4 years now. It was very overextended and based on the monthly chart, it has a lot of room to pull back. We finally got a pullback and then formed a bearish head and shoulder pattern on the daily chart. This confirms the higher time frames outlook and presents a great opportunity for a short trade possibly down to...
We had a recent symmetrical triangle that lasted four months time. This past week we saw many pairs begin their pullbacks and with the AUDUSD pair we have a lot of confluence supporting a trend continuation.
We had an overextended bullish run on the USDCAD-0.01% pair up to historically high area of 1.46-1.47 and since then finally got the pullback that was overdue. On the daily we had nice deceleration to the .382 fib retracement from recent swing high and now are currently forming a beautiful doji for a nice setup in the week to come. 4hr & 1hr charts show a...
