AUD/CAD has formed a Descending Triangle pattern on 1H chart. The pattern has 40% quality and 55% magnitude in the 99-bar period. The pattern started when the pair bounced from 1.0180. Currently the pair is trading at 200 bar SMA at 1.0186. The SWFX market sentiment is bullish as 61% of traders hold long positions on the pair expecting its appreciation.
GBP/USD has formed a Broadening Wedge pattern on 4H chart. The pattern has 45% quality and 74% magnitude in the 140-bar period. The pattern started when the pair bounced from 1.5637. Currently the pair is trading at 1.6177. Gap between pattern's support and resistance broadens by 87 pips in 100 bar period. Technical indicators on aggregate point at appreciation of the
AUD/CAD has formed a Descending Triangle pattern on 1H chart. The pattern has 78% quality and 55% magnitude in the 83-bar period. The pattern started when the pair bounced from 1.0180. Currently the pair is trading at 1.0172. Pattern's support is at 1.0159 and is set to intersect with pattern's resistance on 19th of September, 22:00 GMT. The SWFX market sentiment
GBP/USD has formed a Channel Up pattern on 1H chart. The pattern has 59% quality and 79% magnitude in the 245-bar period. The pattern started when the pair bounced from 1.5960. Currently the pair is trading at 1.6257. Technical indicators on aggregate point at appreciation of the pair on 4H time horizon suggesting that upward sloping trend will maintain. Long traders
USD/CAD has formed a Channel Up pattern on 1H chart. The pattern has 69% quality and 47% magnitude in the 59-bar period. The pattern started when the pair bounced from 0.9694. Currently the pair is trading at 20 bar EMA at 0.9749. Technical indicators on aggregate point at augmentation of the pair on 30M, 1H and 4H time horizons. The SWFX
USD/CHF has formed a Triangle pattern on 1H chart. The pattern has 73% quality and 79% magnitude in the 100-bar period. The pattern started when the pair bounced from 0.9239. Currently the pair is trading at 0.9279. The SWFX market sentiment is bullish as 74% of traders hold long positions on the pair expecting its appreciation. In addition, 52% of all
USD/CAD formed additional touch point in a Channel Down pattern on 1H chart. The pattern has 59% quality and 95% magnitude in the 167-bar period. The pattern started when the pair started depreciating from 0.9919. Currently the pair is trading at close to pattern's resistance level at 0.9727. The SWFX market sentiment is bullish as 75% (+3% since morning) of traders
USD/JPY has formed a Descending Triangle pattern on the 1D chart. The pattern has 74% quality and 75% magnitude in the 136-bar period.The pattern started on 15th of March, 2012, when pair started depreciating from 84.185; at the moment pair is trading at 78.410 Pattern's support is at 77.667 and is set to intersect with pattern's resistance on 7th of
USD/CAD has formed a Channel Down pattern on 1H chart. The pattern has 59% quality and 95% magnitude in the 167-bar period. The pattern started when the pair started depreciating from 0.9919. Currently the pair is trading at 0.9697. The SWFX market sentiment is bullish as 72% of traders hold long positions on the pair expecting its appreciation. In addition, 52%
AUD/CAD has formed a Double Bottom pattern on 1H chart. The pattern has 50% quality and 69% magnitude in the 83-bar period. The pattern started when the pair started depreciating from 1.0435. Currently the pair is trading at 1.0230. Technical indicators on aggregate point at augmentation of the pair on 4H and 1W horizons suggesting that pair will be appreciating in
USD/CAD has formed a Channel Down pattern on 1H chart. The pattern has 64% quality and 93% magnitude in the 117-bar period. The pattern started when the pair started depreciating from 0.9919 after jumping from 0.9843. Currently the pair is trading at 0.9652. The Stochastic indicator on 1H, 4H and 1D time horizons sends buy signal suggesting we will see a
EUR/JPY has formed a Rising Wedge pattern on 1H chart. The pattern has 76% quality and 100% magnitude in the 154-bar period. The pattern started when the pair started recovering from 0.7888 after dropping from 0.7943. Currently the pair is trading at 0.8017. Gap between pattern's support and resistance narrows by 45 pips in 100 bars. Technical indicators on aggregate point
EUR/JPY has formed a Rising Wedge pattern on 1H chart. The pattern has 56% quality and 96% magnitude in the 192-bar period.The pattern started when the pair started appreciating from 97.996 after dropping from 99.035. Currently the pair is trading at 100.459. Gap between pattern's support and resistance narrows by 125 pips in 100 bars. Technical indicators on aggregate point
USD/CAD is signaling recovery and has formed a Double Bottom pattern on 30M chart. The pattern has 78% quality and 55% magnitude in the 130-bar period. The pattern began when the pair started depreciating from 0.9828. Pattern's support is at 0.9714; pattern's resistance is at 0.9737; currently pair is trading at daily pivot (PP)/ Fibonacci retracement (23.6% of move since 7th
EUR/JPY has formed a Channel Up pattern on 1H chart. The pattern has 50% quality and 96% magnitude in the 126-bar period. The pattern started when the pair started appreciating from 97.996 after dropping from 99.027. Currently the pair is trading at 100.265. Technical indicators on aggregate point at augmentation of the pair on 1H and 4H horizons. In the range
AUD/USD has formed a Channel Up pattern on 1H chart. The pattern has 46% quality and 93% magnitude in the 117-bar period. The pattern started when the pair bounced from 1.0167 after dropping from 1.0287. The SWFX market sentiment is bullish as 51% of traders hold long positions on the pair expecting appreciation of the pair. Long traders should focus on
GBP/USD has formed a Channel Up pattern on 1H chart. The pattern has 62% quality and 78% magnitude in the 362-bar period. The pattern started when the pair started appreciating from 1.5675. Currently the pair is trading at 1.6004. Technical indicators on aggregate point at augmentation of the pair on 1H horizon. Long traders could set their targets at daily pivot
AUD/CAD has formed a Descending Broadening Wedge pattern on 1H chart. The pattern has 50% quality and 100% magnitude in the 132-bar period. The pattern started when the pair started depreciating from 1.06009. Currently the pair is trading at 1.0122. The gap between pattern's support and resistance widened by 97 pips in 100-bar period. Technical indicators on aggregate point at augmentation
AUD/USD is has forms a Falling Wedge pattern on the 1D chart. The pattern has 43% quality and 75% magnitude in the 224-bar period.The pattern started on 23rd of November, 2011, when pair started appreciating from 0.9664; at the moment pair is trading slightly above 200 day SMA at 1.0356. The gap between pattern's support and resistance narrows 124 pips
EUR/GBP has formed a Triangle pattern on 4H chart. The pattern has 60% quality and 84% magnitude in the 280-bar period. The pattern started when the pair bounced from 0.7588. Currently the pair is trading at 0.7942. Pattern's support and resistance bands are set to intersect on 17th of October, 04:00 GMT, at 0.7945. Technical indicators on aggregate point at augmentation
USD/CAD has formed a Descending triangle pattern on 1H chart. The pattern has 94% quality and 100% magnitude in the 241-bar period. The pattern started when the pair started depreciating from 0.9949. Currently the pair is trading at 0.9902. Pattern's support is at 0.9843 and is set to intersect with pattern's resistance on 3rd of October, 01:00 GMT. Technical indicators on
In addition to Chanel Down pattern which emerged today in the morning, NZD/USD has formed a Falling wedge pattern on 1H chart. The pattern has 51% quality and 100% magnitude in the 208-bar period.The pattern started when the pair started depreciating from 0.8187. Currently the pair is trading at 0.7937. The SWFX market sentiment is bullish as 56% (+2% since
NZD/USD has formed a Channel Down pattern on 1H chart. The pattern has 54% quality and 100% magnitude in the 178-bar period. The pattern started when the pair started depreciating from 0.8187 after bouncing from 0.8077. Currently the pair is trading at 0.7942. The SWFX market sentiment is bullish as 54% of traders hold long positions of the pair. Long traders
EUR/GBP Double Top pattern which emerged yesterday evolved in to Rising Wedge pattern on 1H chart. The pattern has 79% quality and 85% magnitude in the 239-bar period. The pattern started when the pair bounced from 0.7833 on 20th of August. The SWFX market sentiment is bullish as 57% of traders hold long positions on the pair (4% decrease since yesterday).