Triangle

Here’s another one for the commodity traders out there! Do you think crude oil is ready to bust out of its consolidation pattern soon? Or will we see another slump back to the descending triangle support? WTI Crude Oil (USOIL) 4-hour…

Remember that gold triangle we had been watching a while back? Well, it looks like the precious metal is ready for another test of support! On its hourly time frame, XAU/USD is still stuck inside a descending triangle formation with its…

One of the best trade setups to be in is during a strong momentum breakout breaking above an established resistance level and during a strong momentum breakdown dropping below an established support level. During…

Share: Natural Gas Price takes offers to refresh intraday low, prints the first daily loss in three.…

US DOLLAR FORECASTU.S. dollar gains ahead of a major U.S. inflation report on TuesdayCPI data may help guide the Fed’s policy outlook for 2023This article looks at key USD/JPY’s technical levels to watch in the coming sessions…

Share: WTI takes offers to refresh intraday low, down for the third consecutive day in a row. Fears of…

This forex pair recently fell through its triangle bottom and is now in the middle of a correction. Can AUD/JPY bounce off this resistance zone? A couple of days ago, we were looking at this potential triangle breakout on AUD/JPY, and it…

Share: Silver Price remains depressed within one-week-old symmetrical triangle. Sustained trading below…

AUD/JPY has been stuck inside this consolidation pattern for a while, but it looks like a breakout is due. On the hourly chart below, you can see that the pair has formed higher lows since the beginning of the month and has found…

The eurozone is scheduled to print a fresh batch of PMI readings today! Can this spur a bounce or break from EUR/AUD’s triangle support? On the hourly chart below, you can see that the pair formed lower highs and found support at the…