Technical Analysis EUR/CHF Feb 2013
Introduction From the start of this month, the EUR/CHF has been making lower highs. And, this has resulted to a nice-looking descending triangle pattern. Will price break to the upside or to the downside? Factors Affecting The euro has been relatively calm even after the release of the ECB interest rate decision last week. No [...]
Read More →USD/JPY is trading in a symmetrical triangle pattern
Introduction Since the beginning of the new year, USD/JPY has been making lower highs and higher lows. As a result, this has led to the formation of a nice looking symmetrical triangle pattern. Will the pair break to the upside or to the downside of this pattern? Factors Affecting The performance of the dollar has [...]
Read More →GBP/USD is Trading on an Uptrend
Introduction GBP/USD is trading on an uptrend For the fourth time this week, GBP/USD has been climbing the charts like no one’s business. Notably, on its uptrend, the pair has retested its rising trend line a number of times. Currently, it’s testing the trend line. Will it break out of it or bounce off it? [...]
Read More →Euro has fallen to a near two-month low
Introduction Euro has fallen to a near two-month low After topping at the 1.3000 region some days ago, EUR/USD has never looked back. It seems the pair hit a rock at that level, as it has been descending the charts since then. How far will it go? Factors Affecting Two major news releases affected the [...]
Read More →GBP/USD making consistent gains to the upside
Introduction GBP/USD has been on a bullish run for sometime now. And, on its uptrend, the pair has retested the rising trend line a number of times. How far will it go? Factors Affecting Today, two major reports were given out which have an effect on the performance of the GBP/USD. First, the Nationwide HPI [...]
Read More →EUR/USD is Stuck in a Horizontal Range Pattern
Introduction For a couple of days now, EUR/USD has not made any significant movement either to the downside or to the upside. The pair has been trading within a horizontal range pattern. Currently, it’s trading somewhere in the middle of the pattern. Factors Affecting A number of economic reports were released from the euro zone [...]
Read More →AUD/USD is now trading in an ascending triangle pattern
Introduction AUD/USD has been making higher lows and lower highs for sometime now. And, this has resulted in a nice looking symmetrical triangle pattern. Right now, it seems as if the bulls and the bears are in a tough battle. Who will win when a breakout takes place? Factors Affecting Earlier today, the market tasted [...]
Read More →EUR/USD Is Trading In a Descending Triangle Pattern
Introduction Currently, EUR/USD is stuck in a nice-looking descending triangle pattern. At present, it is retesting the upper line of the pattern. When will a break out occur? Factors Affecting The euro experienced impressive growth at the close of last week’s trading due to some positive economic reports. Notably, the industrial production figures printed a [...]
Read More →USD/JPY is Approaching The Lower Line Of The Horizontal Channel Pattern
Introduction After touching the upper line of the horizontal channel pattern some days ago, USD/JPY has obeyed the laws of chart patterns and it is currently moving towards the lower line of the pattern. Will it reach it? Factors Affecting Recently, yen has maintained a steady rise against most of its counterparts in the market. [...]
Read More →GBP/USD is Trading in a Horizontal Range Pattern
Introduction For a couple of days now, GBP/USD has been stuck in a horizontal range pattern. Currently, the pair is teasing the lower line of the pattern. Will it bounce off it or break out of it? Factors Affecting Today, the performance of the GBP/USD has been weighed down by a number of negative reports [...]
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