The Pattern, Price & Time Report

The Weekly British Pound/U.S. Dollar, symbol GBP USD, collapsed through an uptrending support line and a key 50% level, triggering a sharp break to the downside. To technical traders, the sell-off did...

This week the USD/CAD broke to the upside of a down-trending Gann angle from October 2011's main top at 1.0657. The breakout triggered an acceleration to the upside, setting up a potential short-term...

The June euro continued its sell-off overnight, but as it neared the low for the year at 1.2645, the market reversed course and is now trading higher. Since the current break is a clear definition of...

Early in the trading session on Tuesday, the June Australian Dollar was making an effort to form a bottom. Not only was it attempting to crossover to the bullish side of a downtrending Gann angle and...

The June Australian Dollar futures contract is showing signs of bottoming this morning after regaining a key retracement level and crossing to the bullish side of a steep downtrending Gann angle from...

The bottom is falling out of July Silver this morning as Greece struggles to form a coalition government. Worries about the impact of political turmoil in Greece and renewed sovereign debt fears in...

Investors continued to dump risky assets overnight, driving the June Australian Dollar futures contract through a slow-moving uptrending Gann angle from the .9496 main bottom at 1.0066. Since topping...

After briefly exploring the bearish side of 1.3000 on Monday, the June Euro turned around to close near the high of the day. Although this move had the appearance of a daily closing price reversal, it...

July Silver is trading lower this morning due to the higher U.S. Dollar. However, the market is trading inside of Friday’s range of $30.48 to $29.78. This is indicative of trader indecision.On...

The June Euro briefly broke through three bottoms on the daily chart at 1.3000, 1.3009 and 1.2987 last night, but failed to trigger the wave of sharp selling pressure that many had anticipated when...

The EUR USD took out its most recent swing bottom at 1.2994, reaffirming the downtrend and setting up the market for a potential wash-out to the downside. For weeks, traders have been eying 1.3000 as...

The weekly USD CAD posted a bull-flip chart pattern last week, closing higher and reversing the weak close from the previous week. This pattern was confirmed overnight when the currency pair...

Earlier in the week I asked the question “Did Silver Bottom Last Week?” Although I wasn’t outright bullish, I did mention that July Silver crossed to the bullish side of a...

The June Euro is trading inside of Wednesday’s range as traders await today’s European Central Bank interest rate announcement and ECB President Draghi’s press conference....

Tuesday’s closing price reversal top in the Daily June Euro was a sign that the sellers finally took control of the single currency and that buyers were most likely ready to abandon the upside....

The EUR USD reached the apex of a triangle formation and plunged to the downside. The triangle chart pattern is a non-trending pattern and often indicates impending volatility especially as it nears...