2022 April

  The EURUSD pair has been trading within a multi-month Channel Down since late May 2021. This week the price broke and will most likely close below its Lower Lows trend-line for the first time. In doing so it hit the first Support level, which is the 1.5 Fibonacci extension. At the same time, the

  The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support. Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets: As

  The CADJPY pair has made a parabolic rise since the March 08 low, which even exceeded our expectations based on our most recent trading idea: Even though the dominant pattern remains bullish on a Fibonacci Channel, the strength has changed and is now more aggressive. The price action is on the 1D time-frame to

  The AUDCAD pair just hit the 1D MA50 (blue trend-line) after a rejection on the 0.95200 level. This resembles the February 25 2021 rejection of a similar 1-6 fractal in late 2020/ early 2021. We do expect a test of the 0.89125 low by Q3, however are prepared to take the loss and turn

  EURCAD has been trading within a stable and consistent pattern on the long-term. Since 2013 it is trading within a hyperbolic channel posting aggressive 1 year rallies followed by steadier +1.5 years corrections in the form of Channel Down sequences. At the moment the price is trading at the lowest level it has been

  The CHFJPY pair has been on a strong rally that smashed through our target on the last analysis: Right now the price formed a new Channel Up, remaining within a Fibonacci Channel where it broke above the 1.5 Fib extension and almost reached as high as the 2.0. However with the RSI hitting its

  The AUDJPY pair has given a clear medium-term bearish signal. The 1D RSI got rejected late last month within its multi-year Resistance Zone with the price initially reacting with a pull-back but has since recovered and turned neutral. Every time that the price hit the 1D RSI Resistance Zone since 2020, it pulled-back to