Gold Price Is Facing Triangle Pattern Resistance

by forextradingstrategysystem.com | January 22, 2018 10:31 am
XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its weekly chart once again. Being contained by the trend line, the gold price pulled back from 1344.65....

USDCNH Formed Triangle Pattern On Daily Chart

by forextradingstrategysystem.com | December 13, 2017 7:21 am
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at...

AUDUSD Ran In Falling Channel On Daily Chart

by forextradingstrategysystem.com | December 6, 2017 12:15 pm
The AUDUSD pair ran in a falling price channel on the daily chart. Price just bounced off the top trend line of the channel, indicating that the pair remains in the downtrend from 0.8124. On the downside...

GBPJPY Failed To Break Below 146.93 Support

by forextradingstrategysystem.com | November 29, 2017 10:10 am
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation...

GBPJPY Moved Sideways Between 146.93 and 152.85

by forextradingstrategysystem.com | November 21, 2017 9:29 am
GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the...

NZDUSD Broke Below Important Support At 0.6817

by forextradingstrategysystem.com | November 20, 2017 9:22 am
NZDUSD extended its downside movement from 0.7557 to as low as 0.6780, breaking below an important support level at 0.6817. Further decline would likely be seen over the next several weeks. On the downside There is a...

Bitcoin Rebounded Strongly From 5427

by forextradingstrategysystem.com | November 15, 2017 8:40 am
BTCUSD rebounded strongly from the bottom support trend line of the price channel on the daily chart after a sharp drop from 7887, suggesting that the bitcoin price remains in the uptrend from 1812. As long as...

NZDUSD Broke Below Trend Line Support On 4-Hour Chart

by forextradingstrategysystem.com | November 14, 2017 4:04 pm
NZDUSD recently broke below a bullish support trend line on the 4-hour chart, indicating that the bounce from 0.6818 had completed at 0.6979 already. On the downside The NZDUSD pair failed to breakout of the falling trend...

BTCUSD Remains In Uptrend From 5020

by forextradingstrategysystem.com | November 10, 2017 6:14 am
BTCUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 5020. As long as the price is in the channel, the pullback from 7887 could be treated as consolidation of...

USDCHF Moved Sideways Between 0.9938 and 1.0038

by forextradingstrategysystem.com | November 8, 2017 3:03 pm
The USDCHF pair moved sideways in a narrow range between 0.9938 and 1.0038 on the 4-hour chart for several days. As long as the price is above 0.9938 support, the sideways move could be treated as consolidation...