Trade Pattern-Ideas

Note: This section contains information in English only.
Fri, 04 Oct 2019 05:22:52 GMT

ETH/USD 4H Chart: Stranded between SMAs

Since September 20, the ETH/USD currency pair has depreciated about 30.7% in value. The decline began after the pair reversed from a one-month high level at 230.8. The exchange rate is currently stranded between the 200– hour SMA at 187.40 and the 50– hour SMA at 176.29.

Fri, 04 Oct 2019 05:21:10 GMT

BTC/USD 4H Chart: Pressured by 50– period SMA

The Bitcoin cryptocurrency has depreciated about 21.82% in value against the US Dollar since September 22. The currency pair tested the lower boundary of a descending channel pattern at 7875.37 during last week's trading sessions.

Thu, 03 Oct 2019 14:16:53 GMT

EUR/CZK 1H Chart: Two scenarios likely

The Euro has been depreciating against the Czech Koruna since the middle of September. This movement has been bounded in the falling wedge pattern.

Thu, 03 Oct 2019 14:14:37 GMT

EUR/HUF 1H Chart: Short-term decline expected

At the end of September, the EUR/HUF currency pair reached the upper boundary of the rising wedge pattern at the 336.00 mark. As apparent on the chart, the rate has already reversed south from the given line.

Thu, 03 Oct 2019 06:25:07 GMT

GBP/JPY 4H Chart: Tests 200-period SMA

The British Pound has been depreciating against the Japanese Yen within an ascending channel pattern since September 20. The GBP/JPY exchange rate tested the lower boundary of the channel pattern at 131.72 during the morning hours of Thursday's trading session.

Thu, 03 Oct 2019 06:18:32 GMT

AUD/JPY 4H Chart: Short-term decline likely

Downside risks have dominated the AUD/JPY currency pair since September 15 after the Aussie reversed from the upper boundary of a descending channel pattern at 74.26.

Wed, 02 Oct 2019 11:33:27 GMT

USD/ILS 1H Chart: Two scenarios likely

The US Dollar has been depreciating against the Israeli Shekel since the beginning of September. This movement has been bounded in the falling wedge pattern. Currently, the USD/ILS exchange rate is trading at the 3.4850 level.

Wed, 02 Oct 2019 11:32:00 GMT

USD/MXN 1H Chart: Upside potential could prevail

The US Dollar has been appreciating against the Mexican Peso since the middle of September when the USD/MXN currency pair reversed north from the lower boundary of the rising wedge pattern at 19.33.

Wed, 02 Oct 2019 06:01:38 GMT

BRENT.CMD/USD 4H Chart: Likely to maintain channel

The Brent crude oil prices have declined by about 14.60% in value since September 17. The commodity is currently trading in a junior descending channel pattern.

Wed, 02 Oct 2019 06:00:12 GMT

LIGHT.CMD/USD 4H Chart: Could make short-term pullback

The Light crude oil prices have depreciated about 13.46% in value since September 17. A breakout occurred through the lower boundary of an ascending channel pattern at 55.11 during Monday's trading session.

Tue, 01 Oct 2019 14:24:24 GMT

EUR/DKK 1H Chart: Bears likely to prevail

The Euro has been appreciating against the Danish Krone since the beginning of September after the EUR/DKK exchange rate reversed north from the support level formed by the Fibonacci 38.20% retracement at 7.4555.

Tue, 01 Oct 2019 14:22:56 GMT

USD/DKK 1H Chart: Rising wedge pattern in sight

The US Dollar has been appreciating against the Danish Krone since the beginning of July within the rising wedge pattern. Currently, the USD/DKK currency pair is testing the upper pattern line at 6.8600.

Tue, 01 Oct 2019 06:01:41 GMT

GBP/CAD 4H Chart: Breakout occurs

The GBP/CAD exchange rate has depreciated about 310 pips since last week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 1.6374 on September 27.

Tue, 01 Oct 2019 05:59:46 GMT

GBP/AUD 4H Chart: Bullish signals

The GBP/AUD currency pair depreciated about 241 basis points during last week's trading sessions. The pair tested a support cluster formed by the weekly pivot point and the 100– hour simple moving average at 1.8187 during the Asian session on Tuesday.

Mon, 30 Sep 2019 14:21:31 GMT

USD/THB 1H Chart: Two scenarios likely

The USD/THB exchange rate has been appreciating since the beginning of September, after it reversed north from the lower boundary of the long-term descending channel.

Mon, 30 Sep 2019 14:19:57 GMT

USD/ZAR 1H Chart: Short-term advance expected

The USD/ZAR currency pair has been trading upwards since the middle of September, after it reversed north from the lower boundary of the rising wedge pattern.

Mon, 30 Sep 2019 06:22:25 GMT

EUR/CAD 4H Chart: Decline likely to continue

The Eurozone single currency has depreciated about 1.08% in value against the Canadian Dollar since last week's trading sessions. The 100– hour simple moving average pressured the currency pair lower during this period.

Mon, 30 Sep 2019 06:20:26 GMT

EUR/AUD 4H Chart: Stranded between SMAs

The common European currency traded sideways against the Australian Dollar during last week's trading sessions. The currency pair is currently trading between the 50– period moving average and the 100-hour SMA.

Fri, 27 Sep 2019 11:14:43 GMT

HKD/JPY 1H Chart: Falling wedge pattern in sight

The Hong Kong Dollar has been appreciating against the Japanese Yen since the end of August when the HKD/JPY currency pair reversed north from the lower boundary of the falling wedge pattern at 13.38.

Fri, 27 Sep 2019 11:13:12 GMT

AUD/CHF 1H Chart: Short-term advance expected

The Australian Dollar has been appreciating against the Swiss Franc since the middle of August. This movement has been bounded in the ascending channel. Currently, the AUD/CHF currency pair is trading near the lower channel line at 0.6690.

Thu, 26 Sep 2019 11:33:06 GMT

USD/CNH 1H Chart: Bulls could prevail

The US Dollar has been depreciating against the Chinese Offshore Renminbi since the beginning of September when the USD/CNH currency pair reversed south from the upper boundary of the rising wedge pattern.

Thu, 26 Sep 2019 11:31:25 GMT

XAG/USD 1H Chart: Short-term channel in sight

Silver has been depreciating against the US Dollar within the descending channel since the beginning of September. As apparent on the chart, the XAG/USD exchange rate reversed south from the upper channel line.

Wed, 25 Sep 2019 11:51:12 GMT

EUR/SEK 1H Chart: Bulls likely to prevail

The European Common Currency has been appreciating against the Swedish Krona since the beginning of September. This movement has been bounded in the ascending channel.

Wed, 25 Sep 2019 11:49:17 GMT

USD/SEK 1H Chart: Short-term increase expected

The US Dollar has been appreciating gradually against the Swedish Krona since the beginning of September. This movement has been bounded in the rising wedge pattern.

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