The Pattern Pulse – 15 August 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- August 15, 2024
Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Chalking up a Potential Pennant Formation Daily Timeframe – Since early October, price movement on the US Dollar Index (a geometric-average weighted value of the USD against six major
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Taking Aim at Higher Levels With the Dollar Index taking a hammering yesterday—fuelled on the back of a dovish Fed announcement—technical headwinds on both the monthly and daily timeframes are
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: USD/JPY Testing Support Confluence Daily Timeframe – The USD/JPY has been absolutely crushed in early trade today, down -1.5% as of writing. The recent downside has led the currency pair to
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: GBP/USD H1 Timeframe – The GBP/USD is one of those currency pairs that responds well to correctly placed trendlines. As you can see from the H1 chart below, short-term price action
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Daily Timeframe – The US Dollar Index—a geometric-weighted average value of the USD against six major currencies—recently confronted its 200-day simple moving average (SMA) at 103.62. Buyers and sellers
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: USD/JPY Testing Key Area of Confluence (Resistance) Monthly Timeframe – Momentum to the upside for the USD/JPY has noticeably slowed this year compared to 2022, visible not only from the price
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Long-Term Bearish Pennant Pattern Nearing Breaking Point on AUD/USD Monthly Timeframe – Albeit more of a longer-term structure, price action on the monthly timeframe of AUD/USD has been busy carving out
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD bearish Flag at Support Daily Timeframe – From the daily timeframe of EUR/USD, price action has been compressing between two parallel lines to form a potential bearish flag pattern ($1.0448
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: GBP/JPY Targeting Ascending Support Daily Timeframe – Following the currency pair rejecting the underside of trendline resistance, taken from the high ¥172.13, we can see that the currency pair is on
READ MOREThe FP Markets research team produce First Light News around the European open, ensuring traders and investors have the news needed to begin their day. Friday’s Highlights Good morning. Friday ended mixed in the US equities space; the Dow and S&P 500 rallied 0.5% and 0.2%, respectively, while the Nasdaq 100 fell 0.6% amidst selling
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets, highlighting clear and actionable technical structures. Forex: EUR/USD Testing the Mettle of its 50-Day Simple Moving Average Daily Timeframe – Price action on the EUR/USD’s daily timeframe shows signs of rebounding from its 50-day simple moving average at $1.0703. Buyers
READ MOREThe FP Markets research team produce First Light News around the European open, ensuring traders and investors have the news needed to begin their day. Good morning. Major US equity indices traded lower on Monday. The Dow Jones Industrial Average fell 0.1%, the S&P 500 dropped 0.6% and the Nasdaq 100 fell 0.9%. It was
READ MORE