The channel top, and a possible right shoulder of a bearish Head and Shoulders pattern is seen at 1.0023.
Possibly forming a bearish Head and Shoulder pattern. A break of the neck line (0.9912) and the measured move target is 0.9825
Last week’s price action posted a bullish Outside Week, often an indication that the move lower has come to an end.
Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90
The formation has a measured move target of 0.9660
With Demark close to an exhaustion count (13) on the weekly charts, dips are likely to find buyers.
Monthly: Formed an Ending wedge pattern. Bearish divergence can be seen on the monthly chart (the chart makes a higher high while the relative strength index makes a lower high). The measured move target is 8700
Weekly: Looks to be…
Price action looks to be forming a bearish Head and Shoulders pattern. A break of support at 0.9868 and the measured move target is 0.9670. We look to sell into rallies.
Price fluctuations in the forex market help to create chart patterns. A price trend that continues in a specific direction tends to pause before changing its course or resuming in the same direction. Patterns are usually formed at these…
For the past four weeks, we have been stressing and following the US Dollar Index technical chart very closely, as we believed that a bearish pattern was in the making.
Indeed, at the start of this week’s trading, this pattern has been…