The GBPNZD pair has been following exactly our trading plan since our last update a month ago, getting rejected on the 1D MA200 (orange trend-line) and hitting the Higher Lows zone of the long-term Triangle pattern that it has been trading in since the April 02 2020 High: Following the initial rebound after the

  The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy

  The EURUSD pair has been trading within a Channel Down pattern since the February 10 High. Time and time again we have pointed out the recurring buy/ sell levels within this pattern due to its strong symmetry both on the price action and the RSI on the 1D time-frame, which provided the following accurate

  The GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level. That should be

  The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021. The price is currently testing the top (Higher

  The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday’s Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since

  The EURUSD pair is rebounding on the current 4H candle, following the rejection after the Fed raised the Interest Rate again by 0.75% for the 3rd straight meeting. So far this rebound seems to be technical as the 4H RSI hit the oversold level (green circles) that it has another 4 times in the

  The CADJPY pair has been on a (very) long-term rising trend as depicted by the Fibonacci Channel on this chart, since the March 2020 market low. At the moment we see a short-term pull-back after the price made a new Higher High since the April 21 one. Based both on the RSI and MACD

  The AUDCAD pair is following our trading plan to the point since our last analysis (August 12), which was a sell signal following the 1D MA200 (orange trend-line) rejection: As you see nothing has changed, the price got emphatically rejected on the 1D MA200 and entered a Channel Down that has already hit our

  Following our previous EURUSD analysis, the pair is exactly as we left it, neutral within the 0.98650 Support (of the September 06 Low) and the top (Lower Highs trend-line) of the 8-month Channel Down. The September 12 break above the 1D MA50 (blue trend-line), proved to be a fake-out as the price failed to