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.
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At Support or Resistance
AUDCAD Daily Chart: Remains below key short term resistance among 0.9050-0.9075. Watch for bearish resumption or bullish breakout.
AUDCHF Daily Chart: Also hovers below main near term resistance among 0.6660-0.6680.
EURGBP Daily Chart: Stopped at long term resistance and revered towards main near term support area among 0.9100-0.9085.
USDCHF Daily Chart: At near term resistance around 0.9805.
USDJPY Daily Chart: Watch resistance area among 106.76-107.10.
Candlestick Patterns
S&P500 Weekly Chart: Two consecutive hammer candlestick patterns.
NZDJPY Weekly Chart: A long legged doji.
EURNZD Weekly Chart: A shooting star candlestick pattern.
Candlestick Patterns at Support or Resistance
AUDCHF Weekly Chart:. Hammer candlestick pattern at support.
EURGBP Weekly Chart: Bearish engulfing candlestick pattern at resistance.
GOLD Daily Chart: Major long legged doji candlestick pattern at resistance. Note that the high of the doji is a potential resistance and the low is a potential support. Watch a breakout of this range.
Support Breakout
EURCAD Four-hour Chart: Key near term support area breakout.
