The USD/CHF has continued to trade within a very tight price range that has been gradually consolidating. This has formed a consolidating triangle pattern, a technical indicator that can be used to help predict future breakouts. Typical with this type of pattern a trader would look for a breakout near…

Price action on NZD/USD, a daily chart of which is shown, has been consolidating around major resistance in the 0.6600 price region for the last two weeks. This consolidation mirrors recent price action in other dollar-based currency pairs. Not only does the current resistance represent the key 0.6600 horizontal support/resistance…

Despite the intra-day retreat from 1.6575, the British pound found renewed buying interest exactly at the Tenkan-Sen (at 1.6474) and has rebounded again (our long entry missed by 4 points) , however, it is still necessary to see a break of 1.6587 resistance to confirm recent upmove from 1.5983 has…