Trade Pattern-Ideas

Note: This section contains information in English only.
Thu, 06 Feb 2020 05:57:03 GMT

GBP/JPY 4H Chart: Could continue to decline

The Pound Sterling has declined by 2.38% in value against the Japanese Yen since January 23. The currency pair tested a support level formed by the weekly S1 at 141.12 on February 4.

Thu, 06 Feb 2020 05:54:07 GMT

AUD/JPY 4H Chart: Buy signals

The Australian Dollar has continued to edge lower against the Japanese Yen. The currency pair has declined by 3.72% in value since January 27.

Wed, 05 Feb 2020 15:06:25 GMT

TRY/JPY 1H Chart: Two scenarios likely

The Turkish Lira has been depreciating against the Japanese Yen since the middle of January after the TRY/JPY currency pair failed to surpass the 18.80 level. The pair has already declined below 18.40.

Wed, 05 Feb 2020 15:03:06 GMT

CAD/JPY 1H Chart: Short-term advance expected

The Canadian Dollar has been appreciating against the Japanese Yen within the ascending channel since the October. As apparent on the chart, the CAD/JPY exchange rate reversed north from the lower channel line at 81.60.

Wed, 05 Feb 2020 07:19:10 GMT

BRENT.CMD/USD 4H Chart: Could edge up slightly

The 50– period simple moving average has been guiding the Brent crude oil lower against the US Dollar. The pair tested January 2019 low level at 53.83 during yesterday's trading session.

Wed, 05 Feb 2020 07:17:38 GMT

LIGHT.CMD/USD 4H Chart: Trades in narrow channel

The light crude oil has declined by 23.21% in value against the US Dollar since January 8. A narrow descending channel pattern has been guiding the price since the beginning of January.

Tue, 04 Feb 2020 15:28:42 GMT

EUR/RUB 1H Chart: Ascending channel in sight

The Euro has been appreciating against the Russian Ruble since the beginning of January. This movement has been bounded within the ascending channel.

Tue, 04 Feb 2020 15:26:36 GMT

USD/RUB 1H Chart: Some upside potential could prevail

The Dollar has been appreciating against the Russian Ruble since middle of January after the USD/RUB exchange rate failed to surpass the Fibonacci 61.80% retracement at 61.31.

Tue, 04 Feb 2020 06:20:58 GMT

GBP/CAD 4H Chart: Tests support cluster

The Pound Sterling has surged by 3.30% in value against the Canadian Dollar since January 14. The currency pair tested the 61.80% Fibonacci retracement level at 1.7462 on January 31.

Tue, 04 Feb 2020 06:18:28 GMT

GBP/AUD 4H Chart: Two scenarios likely

The British Pound has surged by 5.11% in value against the Australian Dollar since January 15. The currency pair tested the upper boundary of an ascending channel pattern at 1.9755 on January 31.

Mon, 03 Feb 2020 11:47:05 GMT

USD/THB 1H Chart: two scenarios likely

The US Dollar has been appreciating against the Thai Baht since the beginning of January after the USD/THB currency pair reversed north from the Fibo 100.00% at 29.75.

Mon, 03 Feb 2020 11:44:57 GMT

USD/CNH 1H Chart: Bulls could prevail

The USD/CNH currency pair has been trading upwards since the middle of January when it failed to surpass the Fibonacci 38.20% retracement at 6.8333. Currently, the pair is trading at 7.0200 level.

Mon, 03 Feb 2020 04:53:11 GMT

EUR/CAD 4H Chart: Could edge lower

The European single currency has surged by 239 pips or 1.65% in value against the Canadian Dollar since last week's trading sessions. A breakout occurred through the upper border of a descending channel pattern on January 31.

Mon, 03 Feb 2020 04:51:54 GMT

EUR/AUD 4H Chart: Could make brief retracement

The common European currency has surged by 3.89% in value against the Australian Dollar since January 1. A breakout occurred through the upper boundary of an ascending channel pattern at 1.6456 during Friday's trading session.

Fri, 31 Jan 2020 13:53:25 GMT

GBP/NZD 1H Chart: Two scenarios likely

The British Pound has been appreciating against the New Zealand Dollar since the beginning of January when the GBP/NZD exchange rate failed to surpass the 1.9500 level.

Fri, 31 Jan 2020 13:50:32 GMT

GBP/CHF 1H Chart: Short-term channel in sight

The GBP/CHF exchange rate has been trading within the descending channel since the since the middle of last week.

Fri, 31 Jan 2020 06:35:35 GMT

CAD/CHF 4H Chart: Bearish run to continue

The Canadian Dollar has continued to trade in a descending channel pattern against the Swiss Franc. The currency pair has declined by 176 pips or 2.34% in value since the beginning of January.

Fri, 31 Jan 2020 06:33:33 GMT

CHF/JPY 4H Chart: Possible breakout

The Swiss Franc has been trading bearish against the Japanese Yen since the middle of January. The currency pair breached the 50-, 100– and 200– hour SMAs during these two weeks.

Thu, 30 Jan 2020 16:12:11 GMT

AUD/CHF 1H Chart: Two scenarios likely

The Australian Dollar has been depreciating against the Swiss Franc since the beginning of January after the AUD/CHF exchange rate failed to surpass the Fibonacci 23.60% retracement at 0.6816.

Thu, 30 Jan 2020 16:10:03 GMT

AUD/CAD 1H Chart: Downside potential could prevail

The Australian Dollar has been depreciating against the Canadian Dollar since the beginning of January. This movement has been bounded within the descending channel (4H time-frame chart).

Thu, 30 Jan 2020 06:24:31 GMT

NZD/CAD 4H Chart: Remains near 0.8600

The New Zealand Dollar has been trading downwards against the Canadian Dollar since December 30. This movement has been bounded within a junior descending channel pattern.

Thu, 30 Jan 2020 06:22:10 GMT

NZD/JPY 4H Chart: Breakout could occur

The New Zealand Dollar has been depreciating against the Japanese Yen since the end of December after the NZD/JPY exchange rate reversed from the upper boundary of an ascending channel pattern at 73.46.

Wed, 29 Jan 2020 12:06:43 GMT

CHF/SGD 1H Chart: Rising wedge pattern in sight

The Swiss Franc has been appreciating against the Singapore Dollar since the middle of January. This movement has been bounded within the rising wedge pattern.

Wed, 29 Jan 2020 12:05:14 GMT

EUR/SGD 1H Chart: Bulls could prevail

The Euro has been depreciating against the Singapore Dollar since the beginning of January after the EUR/SGD currency pair failed to surpass the 1.5150 level. As apparent on the chart, the pair declined below 1.5000.

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