Archive | Chart of the Day

usdchfpin

Pin Bar Reversal Pattern in USD/CHF

Looking at today’s USD/CHF chart we can see that a bullish pin bar reversal pattern has formed after price reached down to the prior resistance level of 0.9648, which now forms support. Stochastics are poised to cross from below to above the 20 level, adding to the bullish scenario.

Continue Reading
eurusddaily

EUR/USD Bears Eye Yearly Low

EUR/USD is under pressure with price coming precariously near the 2018 low of 1.1508 reached on May 29th. Price is confined within a descending triangle pattern and bears are looking for a potential breakout to the downside. Looking at the weekly chart we can see that price is nearing the 50% retracement of the upmove that […]

Continue Reading

Trading involves substantial risk of loss and is not suitable for all individuals. Past Performance is not indicative of future results.