The Pattern, Price & Time Report

April Gold broke through the support line of a triangle chart pattern and is now in a position to weaken further into a Fibonacci price level. If this level is broken, the market may accelerate to the...

After meeting resistance earlier in the week at a key 50 percent retracement level at 1.0517, the June Australian Dollar formed a secondary lower-top, triggering the start of a new down move.Not only...

April Gold has been trading in a tight range since it posted an expanded range of $1682.80 to $1634.70 on March 14. From a technical perspective, the trading action can best be described as a series...

The strong turnaround in the June Canadian Dollar has put the market in a strong position to breakout to the upside on the weekly chart. After posting an expanded range four weeks ago and topping at...

The June Australian Dollar continued its follow-through to the upside, approaching a key 50 percent price level but not quite touching it before selling off early in the trading session. Based on the...

There was an interesting development between the June Australian Dollar futures contract and the AUD/USD Forex market on Thursday. Both trading instruments rebounded to the upside after testing their...

Another week, another liquidation break in May Silver. Unlike the break two-weeks ago, the main trend according to the swing chart turned down today when the main bottom at $32.72 was broken. In...

After turning the main trend down on the daily chart earlier in the week when it broke through a pair of main bottoms at 1.5632 and 1.5636, the June British Pounds have traded sideways-to-higher....

The March Euro FX futures contract found support overnight on an uptrending Gann angle at 1.3047. The actual low was 1.3038. Currently the market is hovering over 50 percent of the main range of...

Overnight the Bank of Japan released its monetary policy statement. It kept interest rates unchanged at 0 to 0.1 percent. This was no surprise and widely expected. It did, however, overrule a proposal...

After Friday’s huge sell-off, the weakness continued in the March Euro overnight with the market piercing last week’s low at 1.3096 and negating the daily closing price reversal bottom....

The March British Pound turned its main trend down on the daily chart when it took out a pair of swing bottoms at 1.5645 and 1.5641. Since the market appears to be slightly oversold, there was no...

The U.S. Dollar is trading higher overnight against all major currencies. With details coming out that Greece’s bond swap may have reached the 85% level, making it eligible to receive its second...

The U.S. government reported today that 227,000 jobs were created in February. The number was better than pre-report estimates of 213,000. In addition, January’s Non-Farm Payrolls number was...

It was a good news, bad news week for natural gas futures. First the bad news. Prices continued to fall with the market reaching a new low for the year. The failure to hold the previous low at $2.411...

Overnight the March Euro confirmed Wednesday’s closing price reversal bottom when it broke thorough yesterday’s high at 1.3165. Based on the break from 1.3488 to 1.3096, expectations are...