Chart Art: GBP/USD Eyes Correction to Channel Resistance
GBP/USD has been cruising inside a descending channel with its lower highs and lower lows. Can it pull off another retracement to the channel top?
Read MoreGBP/USD has been cruising inside a descending channel with its lower highs and lower lows. Can it pull off another retracement to the channel top?
Read MoreAUD/CAD bounced off its range resistance earlier this week and is now setting its sights back on the floor. Will support still hold this time?
Read MoreGold finally lost $4,000, and now we’re watching to see whether the multi-year bull trend still has legs left.
Read MoreBitcoin slid with chip stocks, but nearby support and a key inflation print could decide whether buyers get a bounce.
Read MoreGBP/JPY has formed higher lows and lower highs to consolidate inside a symmetrical triangle. Now that it’s testing support, will we see a breakout next?
Read MoreAUD/CAD tests the .9750 support after cooler Aussie CPI, but softer oil prices may limit Loonie pressure and slow the breakdown.
Read MoreUSD/JPY appears to be taunting Japanese officials, as the pair keeps breaking one resistance level after another despite intervention threats. Will we see a major move soon?
Read MoreAfter a sharp dip, EUR/CAD looks ready to extend a weeks-long uptrend! Will the 38.2% Fib, Pivot Point, and 100 SMA be enough to hold the bulls’ ground?
Read MoreGBP/CAD is pressing against a range ceiling it has failed to break through for nearly a year! Can the bulls finally punch through this time?
Read MoreOil fell roughly 10% last week as markets were mainly focused on diplomatic progress. But with talks still looking fragile, can the energy commodity pick up on a clear trend soon?
Read MoreGBP/CHF looks ready to extend its June uptrend! Will the pair revisit its monthly highs in the next trading sessions?
Read MoreAUD/USD’s bigger uptrend is still alive, but sellers are testing 0.7000 as Fed strength and China weakness bite this week.
Read MoreEUR/GBP is still consolidating on its long-term time frame, as it bounced off the triangle bottom and is now setting its sights on the top. Will sellers return soon?
Read MoreGBP/AUD looks ready to extend its month long uptrend! Can the pair build enough momentum to hit fresh June highs in the next few days?
Read MoreWhile markets don’t seem to be expecting rate changes from the FOMC, the tone of Warsh’s first statement as Fed Chair could push the dollar in a clear direction. Here’s what I’m watching on USD/JPY and AUD/USD in case he’s less hawkish.
Read MoreEUR/CAD has been cruising higher with rising lows connected by an ascending trend line. Is it due for another support test soon?
Read MoreGold tests resistance as Fed week, dollar strength, and Iran headlines threaten to decide whether the rebound has real legs.
Read MoreAUD/CAD just broke above a resistance, but a former ceiling ahead could test whether buyers have enough fuel for the next push.
Read MoreEUR/GBP is testing long term support near 0.8620, where bullish wicks could signal a bounce toward the 0.8670 pivot area.
Read MoreWTI crude has shed more than $30 from its March peak. Now it is sitting at a major technical crossroads, and whether it holds or breaks likely depends on a diplomatic decision more than a chart pattern.
Read MoreDo not think that what your thoughts dwell on does not matter. Your thoughts are making you.Bishop Steve