Technical Analysis

EUR/USD Total Bearish ZigZag Could Break Next Support


After a strong reading of PMI data across the major European economies, the EURUSD continued its bearish move ahead of this week's FOMC minutes due to be released. The tone of the most recent media relating to FOMC suggests hikes sooner rather than later, so watch for a bullish move...


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CAD/JPY Downtrend Progressing Towards L4


As this week is a bit light with fundamental data and we have US holiday today, it is time to shift our attention towards crosses that are trending and have the scope to move during late New York/Tokyo session later. The CAD/JPY shows a bearish zigzag that might be targeting...


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USD in Critical Decision Zone


The US Dollar has reached a critical phase where it will continue with its uptrend or it will retrace deeper. The best currency pair to measure the USD potential is the USD/JPY, and Chris shows why he has a strong preference for 1 of the 2 sides. Other currency pairs...


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EUR/USD Order Block and ABCD Pattern for Uptrend Continuation


The EUR/USD has formed a fake-out that was induced by stop grab pattern (false momentum caused by stop triggering) and it is clear that it formed an uptrend pattern. We can spot a near term ABCD pattern and Order Block which add up for POC (EMA89,H4,38.2) within 1.0610-25 zone. If...


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USD/CAD Failed Bullish SHS Pattern for Bearish Rejection


The USD/CAD formed a bullish SHS pattern (inverted head and shoulders) but it failed to provide a continuation to the upside. The pair is in downtrend and we might see an upside retracement towards POC 1.3080-95 (EMA89, H3, ATR top,38.2,order block). Rejection in the zone should target 1.3050 and 1.3020....


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