AUD/CHF approached the support level at 0.9313, forming a falling wedge pattern on the 4H chart. The formation has 61% quality along with 50% magnitude in a 77-bar period. The price decreased to the pair's five-month high around 0.9313 after it had been capped by the resistance at 0.9445. The SMA200 indicator continues to decrease, which shows downtrend on the 4H timeframe. Total bias on the
EUR/USD was capped at 1.3282 forming a channel down formation on the 1H chart. The pattern has 63% quality along with 85% magnitude in a 77-bar period. Pair decreased from its one month high at 1.3282 to the support around level around 1.3121, then slowed near resistance at 1.3151. Present bias on the 1H timeframe remains bullish, which could lead to a possible resistance level breakout. If
EUR/GBP touched 0.8111 level, forming a channel down pattern on the 1H chart. The formation has 60% quality along with 73% magnitude in a 121-bar period. The pair approaches its three-year low around 0.8092, which could turn into a strong support level. The pair bias on 4H is neutral which increases the possibility of pair's rebound. If the price recovers, the first target for long investors
AUD/USD slowed near the support level around 1.0285 and has formed a Channel Up pattern. The formation has 63% quality along with 55% magnitude within 79 bars. The price recovered from its four-month low around 1.0225, then grew to the 1.0473 high, and dropped to the pattern's support level around 1.0272. The pattern's bias on the 4H timeframe is bearish, which leads to the possible
GBP/USD was capped twice at 1.6064 level, forming an ascending triangle pattern on the 4H chart. The formation has 75% quality along with 59% magnitude in a 62-bar period. The price rebounded from its one month low at 1.5725, and increased to the pair's four-month high around 1.6064, where it was capped. The price is fluctuating above SMA200 indicator, which leads to the pair's
USD/CAD slowed near support level around 0.9850 forming a channel up pattern on the 1H chart. The formation has 61% quality along with 54% magnitude in a 58-bar period. The price rebounded from its eight-month low around 0.7950, then was capped at 0.9894 and fell to the support level 0.9832. The price is fluctuating below 200SMA indicator, while indicator is decreasing during last bars, which leads
NZD/USD touched its support level around 0.8086 and has formed a Channel Up pattern on the 4H chart. The formation has 60% along with 62% magnitude within 155 bars. The formation started on March 19 and its 155-bar length increases the reliability of the pattern. The price was capped at 0.8287, then at 0.8318, after it fell to the support level around 0.8087. Most of the
GBP/USD slowed near the support level around 1.6225, and has formed a channel up pattern on the 1H chart. The formation has 60% quality and 50% magnitude in a 73-bar period. The pair has been growing during last two weeks after it had rebounded from its one month low around 1.5800/24. The Stochastic indicator sharply decreased to the 20% level and now is trying
NZD/JPY was depreciating during last two months and has formed a falling wedge pattern on the 4H chart. The formation has 76% quality along with 75% magnitude within 112 bars. The price decreased after it had been capped off the resistance level around 68.89, and fell to the 65.58 support level, forming the pattern. The Stochastic indicator pierced its 20% oversold level, which shows pair
EUR/USD rebounded from the support level at 1.3157 forming a channel up pattern on the 4H chart. The formation has 77% quality along with 52% magnitude in a 42-bar period. The price recovered from its two-month low around 1.2994, then grew to 1.3262, and has slowed near its present support level around 1.3267. The Stochastic indicator touched its overbought level at 80% and bounced off to
NZD/USD bounced off the support level at 0.8120, forming a rising wedge pattern on the 1H chart. The formation has 61% quality along with 83% magnitude in a 47-bar period. The price was capped at 0.8220, then at 0.8226, and lowered to the support level around 0.8198. The Stochastic indicator lowered to 40.78% after it had touched the 80% area. The initial target for bears is
USD/JPY was fluctuating in a wide range during last 114 bars, and has formed a channel down pattern on the 30M chart. The formation has 59% quality along with 81% magnitude. The price was capped 82.54, then bounced off at 81.86 and eased to the support level around 80.61. The Stochastic indicator reached 80% level and is trying to recoil, which increases the possibility of
GBP/USD rebounded to 1.5805 after had reached its five-month high at 1.6062, forming a descending triangle formation on the 4h Chart. The pattern has 65% quality along with 55% magnitude in a 56-bar period. The price increased to 1.5886 and may test the pattern's resistance level around 1.5895. The Stochastic indicator recoiled from the 26% level and is trying to reach its overbought area at 80%.
EUR/USD was consolidating during the 218-bar period and has formed a Triangle pattern on the 4H chart. The formation has 75% quality along with 59% magnitude. The price recovered from $1.3002, then was capped at $1.3382, and slowed near present support around $1.3007/23. RSI indicator broke its critical area at 30% and bounced back to 37% value, which increase the possibility of the price recoil.
AUD/JPY rebounded at 86.81, then at 85.17 and has formed a falling wedge pattern on the 4h chart. The formation has 69% quality along with 64% magnitude in a 44-bar period. The price was fluctuating in a wide downward range during last two weeks, after it had been capped near 88.63, the six-month high. The RSI indicator is fluctuating in the tight range near its
USD/JPY was trading in a wide range during last weeks and formed a channel down pattern. The formation has 60% quality along with 45% magnitude in an 81-bar period. The pair tumbled to the support around 81.37, and immediately rebounded to 81.64. The Stochastic indicator has not reacted yet on the price fall, while RSI indicator decreased sharply. If the pair bounces off the support level
NZD/USD was decreasing during the last week, forming a Descending triangle pattern. The formation has 76% quality along with 71% magnitude within 117 bars. The price recoiled from the pattern's support level at 0.8123, and slowed testing the resistance at 0.8169. Bullish investors may focus their attention on the key level around 0.8178/97. If the price breaks this level, the forecast target for long traders
AUD/USD was capped at 1.0557, then at 1.0463, and formed a downside channel pattern on the 1H chart. The pattern has 58% quality along with 79% magnitude in a 147-bar period.The pair slowed near the support level around 1.0247, and now is trying to rebound. The RSI indicator supports the idea of a possible price recovery, after it bounced off
USD/JPY was consolidating during last two days and formed a triangle pattern on a 1D chart. The formation has 73% quality along with 50% magnitude in a 34-bar period. The pair eased after it touched the resistance around 84.17 on March 15, and now is trading in 82.00 to 82.30 range. The formation would not last long, so traders may expect support or resistance
USD/CHF slowed near support level around 0.9080 and formed a Channel Up formation on the daily chart. The pattern has 65% and 40% magnitude within 122 bars. The pair was trading in a tight range after it touched the support at 0.8938 for the first time. The Stochastic indicator is trying to rebound from its critical area, and is 75% now, which may lead
USD/JPY rebounded twice from the resistance level at 83.02, then at 82.99, forming a Channel Down pattern on the 1H chart. The formation has 61% quality along with 88% magnitude in a 67-bar period. The price skyrocketed to the pair's resistance level at 82.99 on April 3, and eased afterwards. The RSI indicator jumped above 70% level, and eased, which can be a sign
EUR/USD has been consolidating since March 26, forming a Triangle pattern on the 4H chart. The formation has 66% quality along with 40% magnitude in a 33-bar period. The pair rebounded twice from the resistance at $1.3385 then at $1.3376, and formed the pattern. The pair's bias is neutral on the 4H and 1D timeframes, while on the one week chart it gives a "strong buy"
USD/CHF bounced off the resistance level at 0.9003 and formed a falling wedge pattern on the 1H chart. The formation has 72% quality along with 53% magnitude within 125 bars. Greenback has been depreciating against Swiss Franc during last two weeks, and decreased to 0.9038. The price was capped twice at 0.9092, then at 0.9071, and dropped to the resistance around 0.9003. The Stochastic indicator
EUR/JPY has been trading in a tight range during last few days, forming a rising wedge pattern. We already observed this pattern on March 30, when the price was fluctuating near the resistance around 108.75. At present the formation has 75% quality and 69% magnitude in a 95-bar period.