Technical Analysis

NZD/USD Potential bearish M shaping up


The NZD/USD aka "Kiwi" has been in a range mode but as we can see on the daily mini chart the pair has been rejecting from daily resistance. The pair could possibly make an M 1 2 3 reversal pattern if it rejects from POC 0.7250-70 (WPP, X cross™, EMA89)....

View All


Weekly Forex Overview: Chart patterns vs S&R


The USD/JPY is at a critical bounce or break spot of the weekly 50% Fibonacci level, the EUR/USD shows a strong bullish weekly candle which could lead to a break of the high before running into massive resistance, the GBP/USD is in triangle and could make impulsive moves up and...


View All


NZD/USD Ascending flat top triangle


The NZDUSD has been contained within the Ascending flat top triangle and in the case it breaks the top with a strong 1h momentum or 4h close above 0.7323 we should see 0.7420. Looking at daily chart we can spot an unconfirmed master candle (marked in green) that could give...


View All


GBP/USD double top in progress


The GBP/USD has broken through resistance on the winds of Inverted Head and Shoulders pattern (green rectangle). POC comes within 1.3165-80 and we could see rejection towards 1.3102 and if it breaks then 1.3020 is next. POC (double top, 61.8, bearish order block) should reject the price but if we...


View All


USD/CAD keeps selling on rallies in a strong zig zag


The USD/CAD has been in a strong downtrend after a break of a trend line (blue) indicated by a failed W bullish pattern in uptrend (green rectangle). At this point we see a strong bearish zig zag targeting sub 1.2800 levels, if the pair proceeds with downtrend. Retracement to POC...


View All