Trade Pattern-Ideas

Note: This section contains information in English only.
Thu, 30 Mar 2017 08:21:07 GMT

AUD/USD 1H Chart: Rising Wedge

AUD/USD set two rising wedges on two time-frames – the daily and the hourly one. The pair has just broken the bottom boundary of the short-term pattern and could now be making its way down towards the senior wedge bottom trend-line around 0.7603. Currently squeezed in between two areas of significance, namely 0.7659 and 0.7650, the rate is likely to

Wed, 29 Mar 2017 12:35:58 GMT

EUR/NZD 4H Chart: Channel Up

The common European currency trades against the New Zealand Dollar in an ascending channel pattern for the medium term. However, on a larger scale the pair has also formed another channel up pattern. The rate recently bounced off the upper trend line of the dominant channel. Due to that reason a breaking of the medium scale channel is to be

Wed, 29 Mar 2017 12:24:31 GMT

USD/CNH 1H Chart: Channel Up

Although the title states that the US Dollar is in an ascending channel against the Chinese Yuan, the pattern has already been broken. It has been broken due to the influence of a larger pattern. On a larger scale the currency exchange rate is fluctuating in a descending triangle pattern. The channel is just a representation of the latest surge

Wed, 29 Mar 2017 06:35:14 GMT

USD/SGD 1H Chart: Channel Down

After USD/SGD broke the neckline of a head and shoulders formation and confirmed the downtrend by sketching a bearish channel on the daily chart, another one emerged on the hourly chart to serve the purpose of leading the pair to the lower trend-line at 1.3925. The rate has already completed the motion and slightly broken the channel to the upside,

Wed, 29 Mar 2017 06:34:07 GMT

USD/PLN 1H Chart: Channel Down

A descending channel led USD/PLN away from two-month highs of 4.0965 and has stuck around since, suggesting that bears are likely to extend the gains if the current tests of the upper boundary are unsuccessful. There is, however, quite a chance that the pair might break out of the pattern immediately and we will look for it to start a

Tue, 28 Mar 2017 14:33:51 GMT

AUD/NZD 4H Chart: Channel Down

The two neighboring currencies, the Australian Dollar and the New Zealand Dollar have recently changed the course of their exchange rate. The Ausie is no longer trading an ascending channel pattern against the Kiwi, as the recent channel down pattern managed to break free of the dominant trend. The rate is most likely going to reach the 50.00% Fibonacci retracement

Tue, 28 Mar 2017 14:33:40 GMT

GBP/AUD 4H Chart: Channel Up

As a result of a breakout from a long term descending channel pattern, the Pound has been scoring gains in an ascending channel pattern against the Australian Dollar. At the moment of analysing it looks like the currency exchange rate is set to surge up to the 23.60% Fibonacci retracement level, which is providing resistance at the 1.6781 level. It

Tue, 28 Mar 2017 06:35:16 GMT

USD/JPY 1H Chart: Channel Down

After tests of 118.19, the annual high, in December 2016, USD/JPY left the area and has now entered a conclusively bearish setting in a channel down pattern on the hourly chart. The pair is currently testing the upper boundary of the pattern at 110.66 and, while we expect it to stay inside the bounds of the pattern, there are upside

Tue, 28 Mar 2017 06:30:50 GMT

USD/CHF 1H Chart: Channel Down

USD/CHF remains inside the bounds of the channel down pattern it has been following for three weeks already, giving little reason to doubt the trend. However, it is reasonable to doubt how long the pattern could hold and keep in the back of your head that it might have matured enough to show some inconsistencies soon. Immediate resistance lies at

Mon, 27 Mar 2017 13:04:13 GMT

EUR/HKD 4H Chart: Channel Up

The common European currency is surging against the Hong Kong Dollar simultaneously in two ascending channels. Most recently the currency exchange rate began the Monday's trading session above the resistance put up by the 38.20% Fibonacci retracement level at the 8.4111 mark. Due to this factor the currency pair is set to surge to the upper trend line of the

Mon, 27 Mar 2017 13:03:51 GMT

HKD/JPY 4H Chart: Channel Down

The Hong Kong Dollar is trading against the Japanese Yen simultaneously in two descending channel patterns. As it is often in the financial markets, there is a minor and a dominant pattern, as the minor channel represents the rates bounce off from the resistance of the dominant pattern's upper trend line. The rate is heading for the support level of

Mon, 27 Mar 2017 08:38:02 GMT

NZD/CHF 1H Chart: Falling Wedge

NZD/CHF had set a trading range with two test of the upper bound at 0.7051 and one at the bottom of 0.6948. The next attempt to test the area led to a break below, but might not be conclusive due to a falling wedge that could send the pair skyrocketing again. The strong area has been broken in the last

Mon, 27 Mar 2017 08:33:19 GMT

ZAR/JPY 4H Chart: Rising Wedge

ZAR/JPY managed to break the bearish trend in 2016 and establish an upward-sloping trend-line on the daily chart, but has now lost amplitude for highs, suggesting that bears might once again take over the trend. The rate is currently making its way up towards the top bound of the wedge around 9.03, but will experience some hitches at 8.99 and

Mon, 27 Mar 2017 08:29:05 GMT

USD/MXN 1H Chart: Falling Wedge

USD/MXN set an all-time high of 21.97 in January 2016, but then the Mexican Peso managed to depreciate and the pair extended a steep downfall which has lasted for three months already. The rate has, however, now sketched a falling wedge on the daily chart and recovered some of the previous bullish potential. The wedge is expected to break around

Fri, 24 Mar 2017 14:10:04 GMT

CAD/CHF 4H Chart: Channel Down

The Canadian Dollar is simultaneously trading in two descending channel patterns against the Swiss Franc. Most recently the currency exchange rate reached the combined support cluster made up of the lower trend lines of the two patterns. Although, it seems that the rate is making another attempt at passing the support cluster, it can be assumed that the rate is

Fri, 24 Mar 2017 13:59:03 GMT

AUD/CAD 4H Chart: Channel Down

The Australian Dollar has reversed its movement against the Canadian Dollar, as the currency exchange rate has bounced off the upper trend line of a long term ascending channel. As a result of that a short term descending channel has formed, which is heading down to the large scale pattern's lower trend line. However, before that is achieved by the

Fri, 24 Mar 2017 09:31:53 GMT

EUR/SEK 1H Chart: Channel Up

EUR/SEK set a new half-year low on the daily chart in early February, but managed to abandon the area to show a more promising outlook on the hourly chart. A channel up put an end to the small-scale down-wave and will require some more tests to confirm its significance. The pair is currently squeezed in between several levels mid-pattern and

Fri, 24 Mar 2017 09:31:16 GMT

GBP/CAD 1H Chart: Channel Up

After an uncharacteristic break of the upper trend-line of a descending triangle on the daily chart, GBP/CAD showed some more upside potential in a channel up pattern. The pair is currently testing the bottom boundary of the pattern and we expect it to bounce off and then target the top trend-line. There are, however, some downside risks to consider as

Thu, 23 Mar 2017 13:06:03 GMT

USD/PLN 4H Chart: Channel Down

The Greenback is depreciating against the Polish Zloty in a descending channel, as the currency exchange rate has already passed two Fibonacci retracement levels. The currency pair is heading for the 61.80% Fibonacci retracement level, which is located at the 3.9250 mark. However, most recently the currency rate had a rebound against the channel's lower trend line, as the markets

Thu, 23 Mar 2017 12:55:03 GMT

GBP/USD 4H Chart: Channel Up

The Pound continues to trade in an ascending channel against the US Dollar. However, new developments have pressured for a review of the situation. Most recently the short term channel seems to have encountered some sort of uncharted resistance. After a review, the high levels of those bounce offs were connected, and it can be observed that they are on

Thu, 23 Mar 2017 09:21:22 GMT

USD/SEK 1H Chart: Channel Down

USD/SEK showed a downward sloping motion on the hourly chart in a bearish channel pattern which has now been confirmed two times on both sides, but might show some change of heart rather soon. The southward trend might be cut at 8.7403 which is the January 2016 low and we could look for a bounce to the upside. Until then

Thu, 23 Mar 2017 09:20:52 GMT

EUR/GBP 1H Chart: Channel Down

After setting an all-time high of 0.9118 in September 2016, EUR/GBP slipped and then entered a ranging motion. The pair has just finalized the attack on the upper range area and has entered a channel down pattern to lead it south again. While the channel has remained solid during the last week and a half, diminishing highs are showing some

Wed, 22 Mar 2017 11:05:06 GMT

EUR/AUD 4H Chart: Channel Up

There is a noticeable short term ascending channel pattern on the EUR/AUD currency pair's hourly chart. However, that short term and small range channel is only the representation of a move in the borders of two more dominant channels. On a medium scale the rate is also in an ascending channel, which is guiding the Euro to the upper trend

Wed, 22 Mar 2017 10:51:04 GMT

USD/CHF 4H Chart: Channel Down

The US Dollar is depreciating against the Swiss Franc in a descending channel pattern, as the rate continues to move lower after encountering a notable level of support, represented by the 38.20% Fibonacci retracement level at the 1.0003 level. The Fibonacci retracement levels for this pair are measured by connecting the 2016 high and low levels. The currency exchange rate

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