There appears to be a bearish channel emerging on the four-hour chart of USD/PLN, but the upper boundary of the pattern for now is not as reliable as the lower one. Still, the pair is expected to stay beneath the trend-line at 3.63 and follow the bearish scenario. The nearest support level is at 3.59, but the sell-off is likely
With the help of demand at 1.3170 USD/SGD seems to have ended the downward correction that started after the price touched resistance at 1.3950 in mid-March. The bullish outlook is confirmed by the fact that the currency pair has formed an upward-sloping channel. However, in the very near-term we are likely to see a sell-off, being that the US Dollar
The US Dollar continues to gain value versus the Turkish Lira. This situation has recently resulted in the emergence of a bullish channel on a 4H chart. In addition to that, the pace of pair's growth should strengthen in the near-term, as the Greenback has bounced off the lower boundary of the pattern on Wednesday of the previous week. At
As a result of a decline and a subsequent stabilisation of the EUR/NOK currency pair, it managed to form a double bottom pattern on an hourly chart. Moreover, just recently the cross bounced back from the upper trend-line and is now on the way to form a triple bottom. Daily technical indicators are currently pointing to the downside, meaning that
The bullish tendency of USD/NOK we observed in 2014 was stopped this year in March by resistance at 8.40, and since then the pair has been in a distinct down-trend. In the short term, being supported by the dense demand area around 7.45, the US Dollar is likely to appreciate through the monthly pivot point at 7.7220. However, the gains
The outlook on EUR/PLN is bullish, since the currency pair is currently forming an upward-sloping channel. Moreover, the four-hour technical indicators are mostly giving ‘buy' signals. The Euro is well-positioned to rebound from the up-trend at 4.06 and challenge the upper edge of the pattern at 4.10. The next resistance level is at 4.12, represented by the weekly R1 and
Being unable to sustain a rally beyond 1.95, GBP/CAD turned around, and now there is a bearish channel emerging on the daily chart. During the next few weeks the currency pair is expected to move away from the upper boundary of the pattern at 1.85 (reinforced by the weekly and monthly PP) down to 1.78, where it is supposed to
In its pair with the Turkish Lira, the single European currency is approaching the upper boundary of the bullish channel, which is under the a considerable risk of being crossed as soon as the next week. At first, there are no formidable resistances in order to stop bulls from pushing the Euro upwards. The closest monthly pivot point is located
After forming a triangle pattern on a 4H chart a week ago, the USD/RUB pair has now created the same high-quality and magnitude pattern on the one-hour time frame chart. On the first day of May, this currency pair shows no noticeable movements in its price, thus keeping an overall outlook rather unclear. As a result, neutral expectations are also
Even though the Aussie/Yen currency pair experienced some weakness during two previous days, it is now expected to commence a rebound, even without reaching a lower trend-line of the bullish pattern. Currently, the pair is well-supported by the weekly R2 and 100-hour SMA at 94.26. These technical levels are estimated to provide the Australian Dollar with bullish momentum for future
The common currency has been under-performing the Norwegian Krone since the last week of March. Despite that, it has not lost any significant ground during all time until now. Judging from the signals of daily and weekly technical indicators, the pair's bears should eventually drive the Euro downwards. However, at 8.39 they are expected to meet a considerable demand represented
Even though the USD/PLN currency pair formed a rather narrow channel down pattern in recent days, it is still able to respect both boundaries of the figure at the moment. Meanwhile, after touching the upper trend-line earlier on Thursday, the currency pair is set for a further decline in value, while aiming at the pattern's support around 3.56. On its
For more than a week now, the AUD/NZD pair has been steadily growing within the borders of an ascending channel. Today, after substantial buying activity, the pair has begun consolidating and is even moderately moving to the downside. By the end of the day, a rebound is likely to occur, as the Aussie edges closer to the support trend-line around
The GBP/NZD currency pair experienced a strong decline in value during the second and third weeks of March. Following a stabilisation around 1.94, the Sterling began trading sideways versus the Kiwi, which eventually resulted in emergence of a rare rectangle pattern on a 4H chart. At the moment the pair is testing its upper boundary, which is strengthened by one
Following a period EUR/NZD's correction that took place from April 24 till April 28 inside the bullish channel, the pair is finally recovering from this week's lows at 1.4180. Moreover, it seems that bulls are getting stronger momentum, as the Euro has already managed to pierce through all but one daily support on Wednesday. Now, the main target is considered
The Sterling has been filling up the triangle pattern since the third week of January, by hovering strictly inside the pattern's boundaries. However, the trading range has narrowed to minimal in course of the last couple of weeks. This fact is well-proved by all 55, 100 and 200-period SMAs being located very close to each other at the moment. The
American Dollar is still undergoing a correction period against the Norwegian Krona, while trading inside boundaries of the bearish channel pattern. It seems that pair's bears are intending to push the US Dollar even lower, with a long-term target at January low around 7.46. This week two strong supports will try to prevent this scenario from becoming a reality. They
On April 16, the EUR/SEK currency pair reached its lowest point since March 18 at 9.2250. This level provided pair's bulls with considerable positive momentum for growth, and the single European currency recovered noticeably. In the meantime, the trading range inside the bullish channel has been decreasing over time. As a result, we are currently dealing with the rising wedge
The USD/JPY currency pair has approached a very important point in its development on a 1H time-frame. The pair has been creating a triangle pattern during last four trading days, and on April 28 the cross should commence an eventual break-out. Judging from technical indicators, the Greenback is more likely to decline, rather than to increase in value, as all
Since the last week of February, the US Dollar has been trading under unexpected bearish pressure against the Russian Rouble. Moreover, in case USD/RUB currency pair continues following two downward-sloping trend-line, we may soon observe a slump below the 49.40 mark, currently the 2015 low. Most of the selling pressure should be created by monthly S2, weekly PP and 55-period
Despite overall bullish tendency of the single European currency against the Turkish Lira, this currency pair is likely to commence a bearish correction in the short-term, unless bulls are able to stop sell-offs near the weekly pivot point at 2.9361. Market participants are strongly supporting a decline of the Euro, with 71% of all opened positions being bearish at the
Starting from July 2014, the US Dollar surged considerably against the Japanese Yen. However, the upward tendency was stopped by strong supply at 122. Since then, the pair has been trading in a narrowing range and mostly sideways, which led to emergence of the ascending triangle pattern. Currently, the pair is testing the lower boundary of the pattern, while 100-day
AUD/CHF approaching a vary important point in its development. Following a sharp appreciation of the Swiss Franc in January, AUD/CHF began trading sideways and the trading range narrowed considerably. It led to emergence of a triangle pattern on a 4H chart. Technical indicators are currently neutral on this cross, meaning that we should have closer look at market sentiment and
In course of last two trading weeks, Gold has been increasingly volatile. However, starting from April 21 the bullion managed to establish more stable trend, this time the one to the downside. At the moment the metal is hovering just near the upper trend-line of the bearish channel pattern. Therefore, there are more chances for a sell-off in the foreseeable