Pattern RadarEUR/USD Fibonacci Support
by Autochartist
With the short term intraday charts showing some upside potential as the equities market recovered some of its prior week losses, the EUR/USD has found support near 1.3886. As this support holds the projected upside target for this ABCD Fibonacci pattern on the 60 minute chart could offer insight into where the [...]
The GBP/USD has formed a Rising Wedge Emerging Pattern alert which with the current uptrend could have the potential to test 1.6380. The Initial Trend is low and that is partially due to the fact that prices, since the European open, have begun to congest below the 1.6350 psychological level.
This ceiling is currently being balanced [...]
The 240 minute chart, an intermediate intraday time frame has broken out of congestion within a Continuation Triangle. The breakout pierced the downtrend line resistance during the 4:00am EST candle and has a projected Forecast Region of between 1.1480 to 1.1570. This resistance level will also factor in the 1.1500 psychological level that will [...]