Trade Pattern-Ideas

Tue, 26 May 2020 11:58:28 GMT

ZAR/JPY 1H Chart: Some upside potential could prevail

The ZAR/JPY currency pair has been trading upwards since the beginning of May, after the pair reversed north from the psychological level at 5.60.

Tue, 26 May 2020 05:17:12 GMT

GBP/CAD 4H: Could make brief pullback

The GBP/CAD exchange rate has declined by 3.43% since the beginning of May. The currency pair tested the lower boundary of a descending channel pattern at 1.7000 on May 19.

Tue, 26 May 2020 05:15:03 GMT

GBP/AUD 4H Chart: Decline likely t continue

Since the beginning of May, the British Pound has declined by 4.84% against the Australian Dollar. The currency pair was pressured lower by a long-term descending channel pattern.

Mon, 25 May 2020 10:34:30 GMT

GBP/CHF 1H Chart: Falling wedge pattern in sight

The British Pound has been trading downwards against the Swiss Krone within a falling wedge pattern since the end of April.

Mon, 25 May 2020 10:23:51 GMT

EUR/CHF 1H Chart: Upside potential could prevail

The EUR/CHF currency pair failed to decline below the monthly S1 at 1.0518. Last Monday, the pair skyrocketed to the monthly R1 at 1.0632.

Mon, 25 May 2020 05:01:20 GMT

EUR/CAD 4H: Breached channel pattern

The Eurozone single currency has surged by 1.63% against the Canadian Dollar since May 11. The currency pair breached the upper boundary of a descending channel pattern at 1.5249 during last week's trading sessions.

Mon, 25 May 2020 04:59:51 GMT

EUR/AUD 4H Chart: Traded sideways

The common European currency has been trading sideways against the Australian Dollar since May 12. The currency pair traded between the range of 1.6866/1.6636 during the past two weeks.

Fri, 22 May 2020 10:52:19 GMT

USD/SEK 1H Chart: Two scenarios likely

The US Dollar has been depreciating against the Swedish Krona within a falling wedge pattern since the beginning of April. The USD/SEK currency pair has already declined below 9.8000.

Fri, 22 May 2020 10:40:36 GMT

EUR/SEK 1H Chart: Falling wedge pattern in sight

The EUR/SEK currency pair has been trading within a falling wedge pattern since the beginning of May.

Fri, 22 May 2020 05:25:27 GMT

GBP.IDX/GBP 4H: Could continue to surge

The UK100, which measures the best 100 performing stocks from the UK LSE, has surged by 6.44% since last week's trading sessions. The index breached the 6007.5 on May 18.

Fri, 22 May 2020 05:23:07 GMT

DOLLAR.IDX/USD 4H Chart: Decline likely to continue

The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 141 basis points or 1.41% since May 14. The currency pair breached the 50-, 100– and 200– period SMAs during this week's trading sessions.

Thu, 21 May 2020 10:49:49 GMT

USD/NOK 1H Chart: Falling wedge pattern in sight

The USD/NOK exchange rate has been trading downwards within a falling wedge pattern since the end of April.

Thu, 21 May 2020 10:35:39 GMT

EUR/NOK 1H Chart: Two scenarios likely

The EUR/NOK currency pair has been trading within a falling wedge pattern since the end of April.

Thu, 21 May 2020 05:33:36 GMT

NZD/CAD 4H: Likely to continue to trend bullish

The New Zealand Dollar has edged higher by 188 pips or 2.25% against the Canadian Dollar since this week's trading sessions. The currency pair breached the 50-, 100– and 200– period SMAs on May 19.

Thu, 21 May 2020 05:29:48 GMT

NZD/JPY 4H Chart: Could aim at 64.96

The New Zealand Dollar has surged by 261 pips or 4.11% against the Japanese Yen since this week's trading sessions. The currency pair tested the upper boundary of a long-term descending channel pattern at 66.10 on May 20.

Wed, 20 May 2020 11:01:22 GMT

EUR/CZK 1H Chart: Rising wedge pattern in sight

The EUR/CZK exchange rate has been trading within a rising wedge pattern since the middle of April.

Wed, 20 May 2020 10:38:53 GMT

EUR/TRY 1H Chart: Bears could prevail

As apparent on the chart, the EUR/TRY currency pair failed to surpass the psychological level at 7.8000. The pair has been trading downwards since the beginning of May.

Wed, 20 May 2020 04:31:37 GMT

USD/CHF 4H: Two scenarios likely

The US Dollar has surged by 1.45% against the Swiss Franc since May 1. However, the USD/CHF currency pair has been trading sideways since this week's trading sessions.

Wed, 20 May 2020 04:29:00 GMT

EUR/GBP 4H Chart: Could edge lower

The common European currency has surged by 3.05% against the British Pound since the beginning of May. The currency pair tested the upper boundary of an ascending channel pattern at 0.8953 on May 18.

Tue, 19 May 2020 10:59:51 GMT

EUR/SGD 1H Chart: Pair could maintain consolidation

The EUR/SGD exchange rate has been trading sideways in the 1.5300/1.5570 range since the end of April.

Tue, 19 May 2020 10:48:02 GMT

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

The AUD/SGD currency pair has been trading within a rising wedge pattern since the end of April.

Mon, 18 May 2020 10:47:57 GMT

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

The USD/PLN exchange rate has been trading within a rising wedge pattern since the middle of April. The rate has already surpassed the 4.2000 level.

Mon, 18 May 2020 10:27:46 GMT

USD/TRY 1H Chart: Two scenarios likely

The USD/TRY currency pair failed to exceed the psychological level at 7.2500. Since the beginning of May, the pair has been trading downwards.

Mon, 18 May 2020 07:16:27 GMT

EUR/NZD 4H: Breakout occurs

The common European currency has surged by 3.63% against the New Zealand Dollar since May 10. A breakout occurred through the upper boundary of a descending channel pattern during last week's trading sessions.

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