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
EUR/JPY continues its rebound from a support level at 107.51. The pair has formed a downside channel on 10M chart with 50% quality and 55% magnitude within 158 bars.The Euro remains bullish after it has rebounded from channel support level at 107.51. If growth continues the Euro may break resistance around 108.00. This price level can be critical for short
The rising wedge has formed on USD/CHF M30 chart. The pattern has quality of 68% and the magnitude of 98%. Pattern started on February 27th. Price is in the final stage of consolidation and now is trying to bounce from the support level at 0.9180. Bullish traders are expecting resistance breakout near 0.9215 with initial target 0.9300. Primary target for sellers is around 0.9120.
EURJPY has formed a triangle on M15 chart. The pattern has 43% quality and 80% magnitude within 138 bars. This is a short-term pattern which started at 13:30 on March 6th. Bears tried to break support level 105.84 but were unsuccessful. Afterwards the pair commenced recovering, though future perspectives are yet uncertain. Nonetheless, there exists a high possibility of consolidation
There is a rising channel pattern forming on the AUD/USD M10 chart. Pattern is in its initial phase. Price has rebounded from a support level at 1.0547 and is currently around 1.0573. Traders could expect level capture at 1.0600. RSI has been growing during the last 60 bars but is still neutral. If 1.0600 is not be achieved there is a possibility of a
The pair has formed a downside channel on M30 chart. The pattern has 53% quality and 100% magnitude within 198 bars. Currently the price is fluctuating around the resistance level at 0.8182. According to RSI indicator the pair is overbought and rebound is possible. The first target for short traders is near 0.8088. In case of a breakout above a
EURUSD continues fluctuating in the upside channel on H1 chart. The pattern has 63% quality and 100% magnitude within 188 bars.
EUR/JPY has formed a downside channel pattern on a daily chart. The pattern has 55% quality and has high magnitude of 79% within 192 bars.
EUR/USD has formed a downside channel pattern on a daily chart. The pattern has 64% quality and has high magnitude of 83% within 100 bars.
USD/JPY has formed a downside channel pattern on 30 min chart. The pattern consists from 68 bars and has relatively small quality and magnitude of 51% and 50% respectively.
The pair has formed a large bearish channel pattern with 100% magnitude. The price has been fluctuating within a downside channel since December 21 and currently the pattern contains 411 bars on H1 chart. If the price have a third top reversal point the quality of the pattern will likely increase by 15-20%.
EUR/USD continues downside move within a broad channel of nearly 300 pips. The pattern started to form on December 29 and contains 257 bars on H1 chart. The quality of the pattern is 57%, because the price has struggled to reach the support line at around 1.2496 level and changed the direction at 1.2619.
The pair has formed a falling wedge pattern on H1 chart. There is a downward price trend bounded by two intersecting down-sloping trendlines. Decreasing volatility indi-cates the uncertainty about the further price move and traders will likely wait for the pattern breakout to set P/L levels.
An ascending triangle has emerged on H1 AUD/USD chart. Although this kind of pattern suggests trend continuation, it has medium quality of 53% and downward breakout is also possible within the next few days. In case of evident bullish breakout, the price will be eventually supported by the current pattern resistance level around 1.0368 and the initial targets for traders
Aussie has appreciated by almost 450 pips against Singapore Dollar since December 15. The price has been fluctuating within a broad channel consisting from 302 bars on H1 chart. The pattern has medium quality and medium magnitude of 64% and 62% respectively. Due to the fact that the price has struggled to reach the pattern resistance line and changed the direction near previous resistance point, traders might expect an
AUD/CAD has formed a channel up. The pattern has medium quality of 64% and magnitude of 44%. Thus, traders will probably expect weak pattern breakout with a potential target around 40 pips. If the price continues movement within channel lines, traders may use support and resistance levels for hedging their positions.
Japanese Yen continues to strengthen against the single currency forming almost 500 bars downward channel on H1chart. Despite high magnitude of 84%, the pattern size and bias indicate a clear bearish signal. Thus, traders might use pattern support and resistance lines to trade the pair. However, some might set small take profit levels and wait the price to show trend reversal signals like emerging double
The pair has formed an upward channel consisting from 80 bars. The price has been moving within a broad channel (74% magnitude) since December 29 and has been capped twice by a downtrend at 1.5570 and 1.5670. The support line has been formed by two price reversal points at 1.5362 and 1.5466. Traders might consider these lines for further profit and loss level evaluation.