Fx Charts

The 1331.50 level has been recast as near-term resistance, with a push back above that exposing 1347.60. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices put in a Spinning Top candlestick above support at 92.51, the December …

Near-term resistance is marked by the 100% expansion at 1347.80. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices are testing support at 92.51, the December 16 low, with a break below that on a daily closing basis exposing …

GBPUSD came off major falling trend line that has capped the upside since late April 2011 to break below resistance-turned-support at the former top of a wedge chart pattern. Sellers are testing support at 1.6062, the April 2 swing high …

FXstreet.com (Barcelona) – Charmer Charts sees good support at 1661/57 to hold Gold in weakness. The next upside target will be 1669/70: “Expect resistance to kick in here and for the market to come back a little from these highs. We would only re …

The resistance held and the price has rotated back down.   The price today moved above trendline resistance (see chart above).  The underside of that trendline comes in at the 82.16 level. Look for support against that level today.  The pair has be…

Written by JohnZwo   Hi dear trading community!   I just want to give you a quick update on EUR/USD. As I posted on my wall, and said in my last blog article, we have got some interesting times ahead of us. We broke through the first bigger r…

The USDCAD currency pair remains in the range first discussed with the March 7th, Chart of the Day. Resistance can be seen holding at 1.0025 on the daily chart below, with a recently created wick on March 23rd. This level has been tested for the …

Currently the daily chart indications and indicators are firmly in neutral -In the short term there is some bullishness, especially if 0.8340 can be overcome. Today’s snap back from down near 0.8300 is a counter-point to Wednesday’s failure up near 0.8…

Written by John057   The GBP/JPY rate makes a pattern appear that is called “bevel-edge.” This pattern can be traded in the same way as the triangles.   John057’s Profile Page     When the rate breaks up or down support or res…

Written by John057   As I explained in my previous EUR/USD Article, on Friday, the rate broke up a rising wedge resistance (in yellow) and it is going to reach its target of 1.3323. We had many good indicators encouraging the rise, although we are und…