The Pattern Pulse - 18 April 2024
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- April 18, 2024
Your weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: USD/JPY Testing the Mettle of AB=CD Resistance Daily Timeframe – The past few days have seen the USD/JPY test the grip of a harmonic AB=CD resistance level at ¥140.34, denoted by
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: NZD/USD Challenging Support Daily Timeframe – Following the RBNZ signalling a pause in policy firming, the NZD/USD currency pair tumbled more than 2.0% yesterday and landed price at support from $0.6088
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: EUR/USD Poised to Navigate Lower? Daily Timeframe – Since topping around $1.1096 on 3 May and chalking up a double-top pattern, Europe’s shared currency has been on a downward slide against
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: AUD/USD Rejects Range Resistance; Eyes Lower Levels Daily Timeframe – AUD/USD is responding to the upper boundary of a two-month range on the daily chart between $0.6578 and $0.6786. Follow-through downside
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: Resistance Ahead for GBP/USD? Weekly Timeframe – Since pencilling in a record low of $1.0356 in September 2022, GBP/USD has rallied an impressive 21%. However, price action on the weekly timeframe
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/USD to Whipsaw North of $1.25? H4 Timeframe – Short-term price action on the GBP/USD currency pair is testing the underside of the $1.25 handle. Directly above, however, resistance resides at
READ MOREEarnings Meta Platforms Inc (META) is poised to report earnings after today’s market closes. The consensus EPS estimate is approximately $1.96 for the fiscal quarter ending March 2023 versus the same quarter a year prior at $2.72. Technical Position for META Since bottoming at $88.09 in early November (2022), the stock price has staged an
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: USD/JPY Shaking Hands with Daily Resistance Daily Timeframe – In recent trading, price action on the daily timeframe of USD/JPY touched gloves with the upper Bollinger Band (set to two standard
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: EUR/USD Overbought? H1 Timeframe – Intraday flow on the H1 timeframe of the EUR/USD shows price action touching the upper Bollinger Band (set to THREE standard deviations), accompanied by negative divergence
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: AUD/JPY Eyeing H&S Profit Objective Daily Timeframe – Since June 2022, the AUD/JPY currency pair has been busy carving out a Head and Shoulders Top pattern (some may even refer to
READ MOREReading Time: 7 Minutes What is the Purpose of a Crypto Blog? A good crypto blog informs investors of important crypto news, including business, markets, analysis (this can include technical analysis), and education. There is no such thing as the “best crypto blog to follow.” It’s subjective. It depends on what you want from a
READ MOREReading time: 8 minutes The last few years have been a bit of a whirlwind for the forex trading community. Unprecedented global events, political uncertainty and a boom in tech innovation have resulted in a unique time for the industry. Covid-19 welcomed a new wave of traders as global lockdowns sparked a new era of
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