EUR/USD slowed near the support level around $1.3341, and formed an ascending triangle pattern on the 30m chart. The formation has 68% quality along with 64% magnitude within 81 bars. The price was capped twice around $1.3376 level before the formation appeared. The Stochastic indicator is recovering from its oversold area, which leads to the possible price rebound. If the pair increases, the short-term target
USD/CHF tested support level around 0.9026 creating a Channel Up pattern on the 4H Chart. The pattern has 49% quality along with 62% magnitude within 174-bar period. The pair bounced off the resistance level at 0.9334 and fell to the support at 0.9002/16. Stochastic reached its oversold area, showing that the pair is oversold, increasing the probability of a price recovery. If the Dollar grows
EUR/JPY was consolidating during the last 173 bars, forming a Rising Wedge pattern on 4H chart. The formation has 76% quality along with 66% magnitude. The price slowed near its support level around 109.23 and tried to break it, but failed to do so. Pair was trading in a tight range after testing the level and now it has a possibility to get back into
GBP/USD was traded in a wide range during the last month and has formed a Channel Up pattern on 4H chart. The formation has 60% quality along with 100% magnitude in a 80-bar period. Cable tested its resistance level twice and bounced off from $1.6000 to its support level near $1.5849. The price tried to recover but did not succeed and has returned back to
EUR/USD was capped at 1.3385, tumbled to 1.3277, forming a Channel Up pattern on 4H Chart. The pattern has 62% quality along with 40% magnitude within 21 bars. The pair has been growing since March 15, after two-week depreciation by 3.7%. Most of indicators remain neutral, while MACD and SAR lead to the pair's possible fall. If the price decreases, investors might focus their attention
USD/CHF reached its resistance level around 0.9052 and has formed a Channel Down pattern. The formation has 70% quality and 100% magnitude in a 246-bar period. Price was consolidating during last 246 bars, which shows strength of the pattern and increases its reliability. The pair bounced off the support at 0.9016 supported by RSI indicator and is now trying to break the resistance around 0.9053. If
EUR/JPY was capped at 111.24 and has formed a Channel Down formation on the 1H chart. The pattern has 58% quality and 52% magnitude within 191 bars. The pair was growing during last two months and has slowed near the resistance around 11.24/44. Yen tried to strengthen versus Dollar at February 26, but broke this level later. The pair's recoil was supported by RSI indicator,
AUD/USD spiked its resistance at $1.0500, bounced off slightly below the level, and has formed a Channel Down pattern. The formation has 61% quality along with 100% magnitude within 101 bars. The Downward channel pattern has been formed after the price was capped at three-month resistance around $1.0856. The stochastic indicator tumbled from its critical area to the middle of the channel, increasing the
USD/CHF slowed near the support level around 0.9000/34 and has formed a Channel Down pattern. The formation has 46% quality and 49% magnitude in a 58-bar period. The pair is trying to rebound from the support level but has not succeeded yet. The RSI indicator has reached its oversold area, which increases the possibility of a trend change. If the price bounces off the support
EUR/JPY slowed near resistance level around 109.05 and has formed a rising wedge pattern on 4H chart. The formation has 76% quality and 66% magnitude within 173 bars. The pair continued its bullish trend and bounced off the resistance at 108.48. The pattern started in the middle of February, and it points out the reliability of the pattern. Along with the price, the Stochastic indicator has
USD/CHF lowered near its support level and has formed a Falling Wedge formation. The pattern has 67% quality along with 66% magnitude within 52 bars. The pair has touched its resistance level twice at 0.9274 and 0.9178 during the last two weeks. The formation is in its last phase so traders could expect a powerful breakout on the pattern levels. The Stochastic indicator bounced off
EUR/USD attempted to break the resistance around 1.3293 and has formed a Channel Down formation on a 1D chart. The formation has 53% quality along with 70% magnitude in a 124 bar period. This is a long-term pattern which started on October 4th, 2011. Resistance level showed its strength after price was capped twice at 1.3486 and at 1.3293. Stochastic indicator has reached its
USD/JPY was capped by resistance around 84.20 and has formed a Double Top pattern on 4H chart. The formation has 55% quality and 29% magnitude within 40 bars. The Double Top pattern is a trend-change pattern, so the low magnitude shows that there was a continuous price movement before the formation had appeared. The price spiked support level at 83.02, decreased to 82.32, and has
EUR/USD has rebounded twice from the support level and has formed a Channel Down formation on the 30M chart. The pattern has 41% quality along with 64% magnitude in a 51 bar period. The price has rebounded from the support level at 1.3133. but has not moved straight to the resistance level. The RSI indicator shows that pair is oversold and increase the possibility
USD/JPY has tried to reach its support level in a Rising channel pattern during the last few days on the 4H chart. The formation has 60% quality along with 100% magnitude within 190 bars. The pattern started on February 1 and still exists during almost two months, which increases pattern's importance. The Stochastic indicator tumbled to its oversold area to 8% value, while the
EUR/USD rebounded twice from the resistance level and has formed a rising wedge pattern. The formation has 42% quality along with 79% magnitude in a 151 bar period. Price slowed near support level at 1.3227 and Stochastic indicator has declined from overbought area to the oversold zone. The Stochastic's present value around 16% could be a sign of the trend change. If EUR/USD recoils from the
USD/JPY has consolidated during last two days and has formed a Triangle pattern. Formation has 84% quality and 55% magnitude within 36 bars. The pair rebounded from triangle's support level at 83.53 and has inclined to resistance at 83.74. Price has slowed between the levels which is typical for pattern's final phase. Stochastic indicator rose during the last bars, but
GBP/NZD reached its resistance level at 1.9460 and has formed the ascending triangle pattern. It has 55% quality along with 80% magnitude in the 82 bar period. The pair recovered from its support level at 1.9095 and has inclined to its two-week resistance at 1.9460. Stochastic indicator is reaching the critical area at 80%, which shows us the pair is overbought
EUR/JPY has slowed around the resistance level at 110.40 and has formed an upside channel pattern on the 1H chart. The formation has 65% quality and 56% magnitude within 126 bars.On the highest timeframe pair tested 26th February high around 110.30. On the current 1H chart pair slowed near channel resistance level which has matched with the previous one-month high
USD/CHF touched a resistance level at 0.9173 and formed a descending channel on 30M chart. The pattern has 44% quality and 94% magnitude in a 92 bar period. The pair fluctuated in a horizontal range inside the channel and reached the resistance level at 0.9173. Stochastic indicator reached its overbought area and supports the idea of the pair's possible recovery. Bearish traders will pay attention to
EUR/JPY is slowing around its resistance level and has formed an upside channel on 1H chart. The pattern started on March 9 and it has 46% quality along with 52% magnitude within 107 bars. Euro is gaining versus Yen to the previous two-month high at 109.95 where pair has previously bounced off. Stochastic indicator has reached overbought zone increasing the possibility of pair short-term rebound
NZD/JPY is fluctuating around its resistance level and has formed an ascending triangle on 30M chart. The pattern started on March 9 and has a 50% quality along with a 48% magnitude within 171 bars. New Zealand Dollar has strengthened against Yen during last few months and is now trading around 68.13. Current resistance level stands around seven-month high at 68.28, where pair previously
EUR/USD declined to its support level and formed a falling wedge on 4H chart. The pattern started on March 6 and has 70% quality along with 46% magnitude within 26 bars.Euro rebounded from channel resistance level at 1.3191 and decreased to 1.30535 against Greenback. Pair is fluctuating near its local low at 1.3039 where the support level stands. RSI indicator's decline followed the pair's decrease
GBP/USD rebounded from support level at 1.5602 and formed a downside channel on 1H chart. The pattern started on March 7 and now it has 52% quality and 71% magnitude within 112 bars. Pound stayed bullish after it rebounded from channel support at 1.5602. Currently price is in the middle of the channel and continues to grow up according to RSI indicator growth. Current