USD/JPY has formed a Triangle pattern on 1H chart falling from 80.553 to 78.996. The pattern has 76% quality and 100% magnitude in a 162-bar period. The pattern started when pair rebounded from 80.553 and after testing support level at 78.996 and 79.216 slowed down at 79.415 where the pair is currently trading. The RSI and the Stochastic indicators suggest upcoming
USD/CHF has continued its way to the highest level this year and has formed a Channel Up pattern on the 4H chart. The pattern has 54% quality and 91% magnitude in a 104-bar period. The pattern started when pair bounced from SMA200 at 0.913 and after testing support level at 0.904 climbed to 0.958 where the pair is currently trading. All
GBP/USD has formed a Falling Wedge pattern on the 1H chart while moving to the lowest level since mid-March at 1.563. The pattern has 71% quality and 85% magnitude in a 192-bar period. The pattern started rebounding slightly below SMA200 at 1.612 and after testing support and resistance levels at 1.573 and 1.583 slowed near 1.565 where the pair is currently
USD/CAD has formed a Rising Wedge pattern on the 1H chart while moving to the highest level this year at 1.031 . The pattern has 60% quality and 70% magnitude in a 172-bar period. The price bounced from the support level at 0.99 and after rebounding from 1.029 slowed near 1.023 where the pair is currently trading. The Stochastic indicator is
GBP/USD continues its bearish trend and has formed a Channel Down pattern on the 4H chart. The pattern has 66% quality and 79% magnitude in a 69-bar period.The price bounced from the support level at 1.611, rebounded from 1.618, slowed near 1.573 level and currently is at 1.568. Both, the RSI indicator and the Stochastic indicator are below their critical
EUR/JPY continued its move to the lowest level in four months around 99.228 and has formed a Channel Down pattern on the 4H chart. The pattern has 63% quality and 98% magnitude in a 234-bar period.The price bounced from the support level at 104.622, then rebounded from 108.006 and slowed near 100.7 level where it is currently at. RSI indicator
EUR/USD has formed a Channel Down pattern on the 4H chart, moving down from 1.328 to it's five month low at 1.263 where the pair is currently at. The pattern has 55% quality and 86% magnitude in a 104-bar period. The price bounced from the support level at 1.315, then rebounded from 1.328 and slowed near 1.263 level. Short-term bearish trend
USD/CHF broke its resistance level at 0.9250 forming a channel up pattern on the 4H chart. The pattern has 64% quality with 75% magnitude in a 55-bar period. The price rebounded from the SMA200 indicator at 0.9116, then soared to the resistance level at 0.9470 and slowed near the 0.9481 level. Present bias on the 4H and daily timeframes is bullish, which leads to
AUD/JPY has been moving towrds its five-month low around 78.00 forming a falling wedge pattern. The formation has 73% quality and 46% magnitude within 166 bars. The pair rebounded from the resistance level at 81.69, then decreased to the 79.31 and slowed near 79.63. Present biases on hourly, 4-hour and daily time frames are neutral, which shows a balance between bulls and bears. SMA200 indicator was decreasing
EUR/USD has continued its move to the five-month low around 1.2623, forming a Channel Down pattern on the 4H chart. The formation has 56% quality and 86% magnitude in a 67-bar period. The price recoiled from the support level at 1.2954, then recovered from 1.2681 and slowed near 1.2717 level. Short-term trend showing Alligator indicator gives sell signals, supporting the idea of a downtrend extension. SMA200
EUR/GBP broke its two-year low and has continued to decrease forming a channel down pattern on the 4H chart. The formation has 53% quality along with 46% magnitude within 83 bars. The price was consolidated in a downward channel touching the pattern's lines many times, but it still is decreasing inside the pattern borders. Present bias on the 4H and daily timeframes is neutral while indicators
EUR/JPY extended its downtrend move forming a Falling wedge pattern on the 1H chart. The formation has 65% quality and 47% magnitude in a 137-bar period. The price recovered from the support level around 102.75, then tested it at 102.22 and soared to the 102.87. RSI indicator during all the downtrend is shows that the pair is oversold, which increase the possibility of pair's recovery.
USD/CAD rebounded from the 0.9795 level forming a rising wedge pattern on the 4H chart. The formation has 64% quality along with 58% magnitude in within 97 bars. The price recoiled from its almost half-year low around 0.975, and has grown to the 0.1007, where it is fluctuating now. Present bias on the 1H chart is neutral, while indicators give opposite signals, which leads to the
GBP/USD rebounded from the support level at 1.6050, forming a Channel Down pattern on the 1H chart. The formation has 67% quality along with 58% magnitude in a 97-bar period. The price dropped to the support level at 1.6066 after it had tested the eight-month high around 1.6300. The present bias on the 1H chart is bearish, while SMA200 is decreasing on the present
The pair slowed near 1.2880 level, forming a channel down pattern on the 1H chart. The formation has 51% quality along with 78% magnitude. The price decreased from its high 1.3080 to the support level at 1.2925, then grew to 1.3040, where it was capped. The price has been fluctuating below SMA200 indicator, which shows the pair's downtrend. Present bias on 1H timeframe is neutral,
EUR/JPY fell to 102.75 forming a triangle on the EUR/JPY 1H Chart. The pattern has 73% quality and 40% magnitude in a 95-bar period. The pair touched the resistance level first at 104.25, then at 103.77 and at 103.59, whereupon it slowed near the support level at 103.74. The pattern entered its final stage, so шf the price brakes the pattern's lines, a massive price
EUR/USD opened with a gap-down on May 6, then decreased to the 1.2910 support level, forming a falling wedge pattern. The formation has 64% quality and 42% magnitude in a 100-bar period. The price dropped to the support level at 1.2904 on May 11, recovered and slowed near the resistance around 1.2944. Pair's bias remains neutral on 1H and 4H timeframes showing that forces' balance
USD/CHF recoiled from 0.9114 level and has formed a Rising Wedge pattern on the 1H chart. The formation has 46% quality along with 72% magnitude in a 121-bar period. Price was fluctuating above SMA200 indicator, while the indicator was growing during that period, which leads to a present bullish trend. Present bias on 1H chart is neutral, while on 4H and 1D charts it gives
USD/CAD recoiled from its nine-month low around 0.9795 forming a rising wedge formation on the 4H chart. The pattern has 80% quality along with 87% magnitude in a 32-bar period. US Dollar appreciated against Canadian Dollar to 1.0062, then decreased to the support level at 1.0001. Pair's bias is neutral on 4H chart, which decrease a possibility of massive impulse after a breakout of the
CAD/JPY was capped from the resistance level around 82.63 and has formed a falling wedge pattern on the 4H chart. The formation has 45% and 73% magnitude within 53 bars. The price recoiled from the resistance level around 81.86, then decreased to its three month low around 79.19. The SMA200 indicator continue to decrease showing that a long-term trend-change is possible. Bearish traders may focus their
GBP/USD consolidated during last few days, forming a triangle pattern on the 1H chart. The formation has 67% quality along with 46% magnitude in a 78-bar period. The price recoiled after the pair had touched its nine-month high around 1.6300. SMA200 indicator's high matched with pair's rebound at 1.6197, after which pair decreased. The formation entered its final phase and a massive price impulse is
USD/JPY recoiled from its three-month low at 79.64 forming a falling wedge pattern on the 4H chart. The formation had 64% quality and 80% magnitude within 138 bars. USD was appreciating against JPY till March 15, when the price was capped twice around 84.13 level and started to fall. Present bias on the 4H and 1D timeframes remains bearish, which leads to a possible
AUD/CHF has been decreasing during the last few weeks forming a channel down pattern on the 1H chart. The formation has 68% quality and 75% magnitude within 189 bars. The price rebounded twice from the support level at 0.9332 and at 0.9296 respectively. Then the pair slowed near the resistance level around 0.9397, which increase the possibility of a bearish recoil. The Stochastic indicator tested
GBP/CAD reached its five-month high around 1.6081, forming a rising wedge pattern. The formation has 61% quality along with 60% magnitude in a 74-bar period. The price recoiled from the support level around 1.5897, and climbed to the resistance level around 1.6079. The price has been fluctuating over 200SMA, which leads to the pair uptrend during last 70 bars. Pair's bias is bullish on 4H,