Pattern RadarThe EUR/JPY has been trending higher on the shorter term intraday charts like the 15, 30, and 60 minute charts. As New York prepares to open it would be likely that some uptrending pattern alerts will emerge but the real question will be whether or not the EUR/JPY has the buying support to test and [...]
The AUD/USD has been rallying over almost the past ten days to get to a ceiling that has been the area that sellers have been waiting. There is a significant amount of resistance between 0.8138 and 0.8264. While this area is a wide price range, it has been the area buyer’s cannot rally through and [...]
After breaking out from a Continuation Triangle pattern and climbing to the July 9th high, the EUR/USD could be making a soft double top as seen on the 60 minute chart. With the prior high at 1.4074 and
today’s high at 1.4083 the nine pip variance between the two highs and the 1.4080 minor psychological level [...]
The AUD/USD is enjoying a surge of buying support improvements in the credit market are perceived to be increasing risk appetite. From a technical standpoint this psychology can be measured by the breakout above the key 0.7100 level. As the AUD/USD has been rallying the U.S. Dollar Index has sunk back below the 86.00 further [...]
The USD/CHF has been consolidating across multiple intraday time frames as the U.S. Dollar continues to find resistance at between 86.80 and 87.00 and support above 83.00. This type of range-bound movement in the U.S. Dollar can find its way onto charts like the USD/CHF and EUR/USD - both of which are trading within triangle [...]