The Pattern Pulse - 18 April 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- April 18, 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: EUR/USD Vulnerable to the Downside Monthly Timeframe – Ahead of today’s ECB rate decision, the euro has been on the ropes against the US dollar since pencilling in a top at
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: Sterling Against the Tide Right Now Daily Timeframe – On track to pencil in a third consecutive losing session, GBP/USD has been on the ropes since stripping bids from support at
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 is Fading Major Resistance Monthly Timeframe – The EUR/USD currency pair shook hands with resistance at $1.1222 in July, a level complemented by a 50-month simple moving average at $1.1173.
READ MOREYour weekly outlook of technical patterns and structure delivered directly to your inbox. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: US Dollar Index Exploring Space North of Trendline Resistance Daily Timeframe – Following the release of Wednesday’s FOMC minutes, the US dollar was bid. This helped
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 Challenging Resistance H4 Timeframe – Recent action bolstered Europe’s single currency, consequently lifting the EUR/USD to resistance at $1.1025, which happens to closely share space with an equal AB=CD bearish
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: US Dollar Index to Target Higher Levels? Monthly Timeframe – While most are projecting USD weakness, the US Dollar Index recently saw price rebound from support at 99.67 (complemented by two
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: US Dollar Index Pursuing Lower Levels Monthly Timeframe – Following the recent US inflation data, the US dollar has been under pressure. According to the US Dollar Index, the buck is
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 Carving Out Bullish Flag South of YTD Peak Daily Timeframe – The USD/JPY is seen fluctuating just south of YTD highs at ¥145.07 and is carving out a possible bullish
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: Sterling Eyes Trendline Resistance-Turned-Support Level Weekly Timeframe – Up nearly 5.0% YTD and trending northbound since pencilling in record lows of $1.0357 in September 2022, GBP/USD is on the verge of
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/CHF Welcomes the 200-Day SMA Daily Timeframe – Despite being on track to record its third consecutive day in positive territory, the EUR/CHF currency pair is attempting to tackle the underside
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/JPY Overbought? Daily Timeframe – The GBP/JPY cross has been on a tear of late. MTD, the currency pair is higher by 3.0% and nearing long-term channel resistance taken from the
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: AUD/NZD Offering Interesting Technical Landscape Daily Timeframe – The AUD/NZD cross has been on a tear of late. Rallying ten out of the last eleven days—aided by a potential policy divergence—the
READ MORE