Chart Watch: GBPCAD Reaches Potential Reversal Zone!

The chart watch posts are meant to alert traders for chart patterns, support & resistance and candlestick patterns. Chart watch posts are not trade ideas and do NOT have forecasting value.

At Support or Resistance

GBPUSD Weekly Chart: Approaching long term support zone starting at 1.1986 to 1.1905.
NZDUSD Daily Chart: Fluctuating between broken support turned resistance at 0.6485 zone and main longer term support at 0.6425.
USDNOK Weekly Chart: Stopped at long term resistance at 8.9936.

Support Breakouts

AUDCAD Monthly Chart: Major long term breakout below 0.9150 support zone.
GBPCHF Weekly Chart: Breakout below long term support at 1.1783.
NZDJPY Weekly Chart: Breakout below long term support at 69.23.
NZDCHF Daily Chart: Breakout below main support at 0.6314.

Candlestick Patterns

EURUSD Daily Chart: Multiple Long-legged doji candles.

Candlestick Patterns at Support or Resistance

USDCAD Weekly Chart: Shooting star candlestick pattern at resistance.
AUDCHF Daily Chart: Hammer candlestick pattern at monthly support.

Chart Patterns

AUDNZD Daily Chart: Falling wedge pattern breakout.

Chart Pattern and near Support or Resistance

GBPCAD Weekly Chart: A bullish ABCD pattern completes at the support zone from 1.5886 to 1.5725.
AUDJPY Monthly Chart: Major head and shoulders pattern neckline and support being tested around 71.88