EURUSD Long-Term Selloff Oct 23, 2015
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.
EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern.
The USDJPY pair initially fell significantly during the course of the session on Thursday, but as you can see bounced rather significantly off of the 118 handle. With that being the case, the market has formed a hammer and it now looks as if we can break above the top of that hammer,
The AUDUSD pair fell significantly during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
The EURUSD pair broke higher during the course of the session on Wednesday, slicing through the 1.14 level.
The AUDUSD pair initially tried to rally during the course of the day on Wednesday, but found far too much in the way of resistance above to continue the move.
The EURUSD pair went higher during the course of the session on Tuesday, trying to break above the 1.14 level again.
The EUR/USD pair went back and forth during the course of the session on Thursday, as we continue to look very volatile.
The AUDUSD pair broke higher during the course of the session on Thursday, testing the top of the shooting star from the Wednesday session.
The EURUSD pair broke higher during the course of the day on Tuesday, as we continue to bounce between the 1.11 level on the bottom, and the 1.13 level on the top.