EUR/USD Reversal Pattern Forming
EURUSD failed in its last two attempts to break above the 1.1200 major psychological resistance, forming a double top pattern with the neckline at 1.1000.
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USD/CHF Descending Triangle Formation
USDCHF has formed lower highs and found support around .8420 to create a descending triangle that’s been holding since mid-September. Price looks ready for another test of resistance soon.
WTI Crude Oil Price Analysis for October 1, 2024
WTI crude oil is forming higher lows and finding resistance at the $71.50 per barrel mark, creating an ascending triangle pattern on its hourly time frame. Price is testing support and could be due for another bounce to the top.
USD/CAD Bearish Trend Line Test
USDCAD is trending lower with its highs connected by a descending trend line that’s been holding since late March. Another test of resistance is currently…