http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/21/02/AUDUSD Three Inside Down Hourly Chart Resistance: 0.9791 strong / 0.9844 moderate / 0.9880 minor Support: 0.9754 moderate / 0.9701 minor / 0.9664 minor AUDUSD is in a bear market in Hourly charts. We have a high level bearish pattern in the Three Inside Down confirming market direction though proximity to a moderate support at 0.9754 suggests we should look for prices to push under said level before jumping in. Immediate target for sells will be 0.9701 then possibly a push on to 0.9664. StopsTue, 21 May 2013 01:12:13 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/21/02/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/21/GBPUSD Bearish Harami Hourly Chart Resistance: 1.5302 moderate / 1.5349 minor / 1.5417 minor Support: 1.5234 strong / 1.5187 moderate / 1.5118 minor GBPUSD is generally bullish with the Bearish Harami occurring near a strong support level at 1.5234, the Pivot Point. As such it would be best to consider shorting only if we have a close below 1.5234 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 1.5187, possibly on to 1.5118 if theTue, 21 May 2013 00:53:28 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/21/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/10/Resistance: 0.9839 strong / 0.9882 moderate / 0.9956 minor Support: 0.9765 moderate / 0.9723 minor / 0.9649 minor Market bias for AUDUSD is bearish with prices under a strong resistance at 0.9839. 4-Hour candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 0.9839, for a run to 0.9882 with stop losses just below the patterns low. Break of 0.9882 could lead to a market rally for 0.9956. For pattern explanation and visualMon, 20 May 2013 17:56:19 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/10/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/09/Resistance: 0.9839 strong / 0.9882 moderate / 0.9956 minor Support: 0.9765 moderate / 0.9723 minor / 0.9649 minor Market bias for AUDUSD is bearish with prices under a strong resistance at 0.9839. Hourly candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 0.9839, for a run to 0.9882 with stop losses just below the patterns low. Break of 0.9882 could lead to a market rally for 0.9956. For pattern explanation and visualMon, 20 May 2013 17:55:10 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/09/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/08/Resistance: 1.0275 minor Support: 1.0241 minor / 1.0217 moderate / 1.0183 strong Overall trend in USDCAD is bullish though charts appear to be overextend. We have a mid level bearish reversal pattern in 4-Hour charts, Bearish Engulfing suggesting a possible technical correction for 1.0241 with stops for any short above the pattern high. The prudent course of action is to remain sidelined. For pattern explanation and visual identification rules, click here.Mon, 20 May 2013 17:54:04 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/08/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/07/Resistance: 102.68 moderate / 103.11 minor / 103.53 minor Support: 102.25 strong / 101.83 moderate / 101.40 minor USDJPY is generally bullish with the Bearish Harami occurring near a strong support level at 102.25, the Pivot Point. As such it would be best to consider shorting only if we have a close below 102.25 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 101.83, possibly on to 101.40 if the former gives way. For patternMon, 20 May 2013 17:52:40 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/07/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/06/Resistance: 0.9839 strong / 0.9882 moderate / 0.9956 minor Support: 0.9765 moderate / 0.9723 minor / 0.9649 minor We have a Morning Star (Doji) in AUDUSD Hourly charts suggesting a possible bounce in prices.  The immediate support at 0.9765 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 0.9765 the immediate target will be the daily pivot point at 0.9839, break of which suggests a further rally to 0.9882. Stops ideally should be justMon, 20 May 2013 17:51:40 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/06/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/05/Resistance: 102.68 moderate/103.11 minor/103.53 minor Support: 102.25 strong/101.83 moderate/101.40 minor USDJPY is generally bullish with Hourly Bearish Engulfing occurring near a strong support level at 102.25, the Pivot Point. With the pivot directly beneath us a close under 102.25 has to be seen before jumping short. The immediate object will be 101.83 break of which suggest you have a tanking market with 101.40 as its target. Stops should be placed above the Pivot Point or alternativelyMon, 20 May 2013 13:02:40 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/05/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/04/Resistance: 102.68 moderate/103.11 minor/103.53 minor Support: 102.25 strong/101.83 moderate/101.40 minor Market is generally bullish with USDJPY just under a moderate resistance at 102.68. With a high level bullish candlestick pattern, Three Inside Up in Hourly charts, look for a break of 102.68 and consider buys with 103.11 as the immediate objective possibly on to 103.53. A stop loss should be established below the pattern low.Mon, 20 May 2013 10:02:16 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/04/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/03/Resistance: 102.68 moderate/103.11 minor/103.53 minor Support: 102.25 strong/101.83 moderate/101.40 minor USDJPY is generally bullish though prices are just under a moderate resistance at 102.68. With Bullish Harami a low level bullish pattern it would be best to get a confirming candlestick before taking action. Consider buys on a close above 102.68, stop loss ideally should be under 102.25 though the pattern low may also be used for a stop. Immediate target is 103.11 break of which could seeMon, 20 May 2013 09:04:52 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/03/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/02/Resistance: 1.2842 moderate / 1.2886 strong / 1.2925 moderate Support: 1.2802 minor / 1.2758 minor The Bearish Engulfing in Hourly charts is a confirmation of the overall bearish trend. With a moderate resistance at, 1.2842 consider shorts from the said price with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 1.2802, break of which opens us to a sell-off to 1.2758.Mon, 20 May 2013 01:18:52 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/02/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/USDJPY Bearish Harami Hourly Chart Resistance: 103.11 minor / 103.53 minor  Support: 102.68 moderate / 102.25 strong / 101.83 moderate We have a low level bearish reversal, Bearish Harami in USDJPY charts. Market is in an uptrend while the pattern is just above a moderate support at 102.68. Short on a close below the said price for a push to 102.25, break of which suggests a reversal for 101.83. Stops should be placed above the patterns high.    NZDUSD Bullish Engulfing HourlyMon, 20 May 2013 00:16:09 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/20/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/19/EURUSD Evening Star (Doji) Hourly Chart Resistance: 1.2842 moderate / 1.2886 strong / 1.2925 moderate  Support: 1.2802 minor / 1.2758 minor The Evening Star (Doji) in Hourly charts is a confirmation of the overall bearish trend for EURUSD. With moderate resistance at 1.2842 consider shorts at market given the high credibility bearish pattern with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 1.2802, break of which opens us to aSun, 19 May 2013 23:28:54 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/19/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/10/Resistance:  well above forecasted values Support: 1.0275 minor/1.0241 minor/1.0217 moderate USDCAD is in a bullish market though prices look overextended. Hourly charts show a low level bearish reversal candlestick pattern Bearish Harami.  Given where prices are now the preferred course of action is to remain sidelined and skip on the trade. Any attempt at a correction would likely be limited to 1.0275.Fri, 17 May 2013 14:04:36 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/10/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/09/Resistance: 102.68 moderate/103.11 minor/103.53 minor Support: 102.25 strong/101.83 moderate/101.40 minor USDJPY is generally bullish though prices are just under a moderate resistance at 102.68. With a mid level bullish candlestick pattern, Bullish Engulfing in Hourly charts, look for possible buys on a close above the said price. Immediate target is 103.11 possibly 103.53 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 102.25.Fri, 17 May 2013 12:03:48 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/09/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/08/XAUUSD Three Inside Up Hourly Chart Resistance: 1384.52 strong/1399.44 moderate/1413.17 minor Support: 1370.80 moderate/1355.88 minor/1342.15 minor We have a Three Inside Up in XAUUSD Hourly charts suggesting a possible bounce in prices.  The immediate support at 1370.80 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 1370.80 the immediate target will be the daily pivot point at 1384.52, break of which suggests a further rally toFri, 17 May 2013 09:07:22 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/08/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/07/Resistance: 1384.52 strong/1399.44 moderate/1413.17 minor Support: 1370.80 moderate/1355.88 minor/1342.15 minor XAUUSD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 1370.80, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 1370.80 while the immediate target is 1384.52, the Pivot Point. A close above 1384.52 will have us lookingFri, 17 May 2013 08:03:12 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/07/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/06/Resistance: 1399.44 moderate/1413.17 minor/1428.09 minor Support: 1384.52 strong/1370.80 moderate/1355.88 minor XAUUSD has a high credibility bullish pattern Three Inside Up in Hourly charts. With prices just above a strong support 1384.52, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1399.44 break of which open us to a run for 1413.17 and a possible uptrend.Fri, 17 May 2013 06:02:11 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/06/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/05/Resistance: 0.9765 moderate/0.9839 strong/0.9882 moderate Support: 0.9723 minor/0.9649 minor The Bearish Engulfing in 4-Hour charts is a confirmation of the overall bearish trend. With a moderate resistance at, 0.9765 consider shorts from the said price with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 0.9723, break of which opens us to a sell-off to 0.9649.Fri, 17 May 2013 05:14:45 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/05/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/04/  Resistance: 0.8188 strong/0.8237 moderate/0.8320 minor Support: 0.8104 moderate/0.8055 minor/0.7972 minor NZDUSD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 0.8104, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 0.8104 while the immediate target is 0.8188, the Pivot Point. A close above 0.8188 will have us looking forFri, 17 May 2013 05:07:07 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/04/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/03/Resistance: 1.0217 moderate / 1.0241 minor / 1.0275 minor Support: 1.0183 strong / 1.0158 moderate / 1.0124 minor Market is generally bullish with USDCAD just under a moderate resistance at 1.0217. With a high level bullish candlestick pattern, Three Outside Up in Hourly charts, look for a break of 1.0217 and consider buys with 1.0241 as the immediate objective possibly on to 1.0275. A stop loss should be established below the pattern low.Fri, 17 May 2013 03:54:28 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/03/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/02/AUDUSD Hammer Hourly Chart Resistance: 0.9839 strong / 0.9882 moderate / 0.9956 minor Support: 0.9765 moderate / 0.9723 minor / 0.9649 minor AUDUSD is in a bear market with the low level bullish candlestick pattern Hammer suggesting we look for a turn-around. Consider buys off the immediate support 0.9765, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 0.9765 while the immediate target is 0.9839, the Pivot Point. A close above 0.9839 willFri, 17 May 2013 03:08:14 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/02/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/Resistance: 102.25 strong / 102.68 moderate / 103.11 minor Support: 101.83 moderate / 101.40 minor / 100.97 minor USDJPY has a bearish bias though Hourly charts has formed a bullish reversal pattern Morning Star (Doji). With a strong resistance at 102.25, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 102.25 before buying. Immediate target is 102.68 then on to 103.11. Stops should be placed below the patterns low.Fri, 17 May 2013 01:28:13 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/17/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/10/Resistance: 0.8188 strong / 0.8237 moderate / 0.8320 minor Support: 0.8104 moderate / 0.8055 minor / 0.7972 minor NZDUSD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 0.8188, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.8188 before buying. Immediate target is 0.8237 then on to 0.8320. Stops should be placed below the patterns low.Thu, 16 May 2013 22:15:15 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/10/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/09/Resistance: 1403.93 strong / 1419.51 moderate / 1446.31 minor Support: 1377.12 moderate / 1361.54 minor / 1334.73 minor We have a Three Inside Up in XAUUSD 4-Hour charts suggesting a possible bounce in prices.  The immediate support at 1377.12 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 1377.12 the immediate target will be the daily pivot point at 1403.93, break of which suggests a further rally to 1419.51. Stops ideally should beThu, 16 May 2013 18:24:20 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/09/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/08/Resistance: 1403.93 strong/1419.51 moderate/1446.31 minor Support: 1377.12 moderate/1361.54 minor/1334.73 minor XAUUSD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 1377.12, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 1377.12 while the immediate target is 1403.93, the Pivot Point. A close above 1403.93 will have us lookingThu, 16 May 2013 14:10:18 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/08/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/07/Resistance: 102.71 moderate/103.19 minor/103.62 minor Support: 102.28 strong/101.80 moderate/101.37 minor USDJPY is generally bullish with a high level bearish reversal pattern Three Outside Down in Hourly charts just above a strong support level at 102.28, the Pivot Point. Look to sell on a push under 102.28 with stop losses just above the Three Outside Down high. Our immediate objective is 101.80 break of which may see us dropping to 101.37.Thu, 16 May 2013 13:43:10 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/07/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/06/Resistance: 0.9860 moderate/0.9890 strong/0.9927 moderate Support: 0.9823 minor/0.9794 minor AUDUSD is in a bear market with prices just under a moderate resistance level, 0.9860. Hourly charts however have a high credibility bullish reversal pattern, Three Outside Up. Given its proximity a close above 0.9860 should be seen before taking a buy, the immediate objective will be the daily pivot point at 0.9890, break of which should see 0.9927. Stops should be placed below the pattern low.Thu, 16 May 2013 13:05:59 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/06/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/05/AUDUSD Bullish Engulfing Hourly Chart Resistance: 0.9860 moderate/0.9890 strong/0.9927 moderate Support: 0.9823 minor/0.9794 minor We have a moderate bullish reversal pattern, Bullish Engulfing in Hourly AUDUSD charts. With prices just above a minor support we risk a technical correction for 0.9860 a moderate resistance break of which opens up 0.9890, the Pivot Point.  Consider buys following a confirming candlestick with stops just under 0.9823 or the patterns low.  USDJPY BearishThu, 16 May 2013 12:09:57 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/05/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/04/XAUUSD Bullish Harami Hourly Chart Resistance: 1377.12 moderate/1403.93 strong/1419.51 moderate Support: 1361.54 minor/1334.73 minor We have a low level bullish reversal, Bullish Harami in XAUUSD charts. Market is generally bearish while the pattern is just under a moderate resistance at 1377.12. Consider buys on on a close above 1377.12 for a push to 1403.93 break of which suggests a reversal for 1419.51. Stops should be placed below the patterns low. NZDUSD Bullish Harami Hourly ChartThu, 16 May 2013 08:20:10 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/04/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/03/Resistance: 102.71 moderate/103.19 minor/103.62 minor Support: 102.28 strong/101.80 moderate/101.37 minor We have a medium credibility pattern Bullish Engulfing in Hourly charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 102.28, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point.Thu, 16 May 2013 08:02:33 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/03/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/02/USDCAD Three Outside Up Hourly Chart Resistance: 1.0177 strong/1.0198 moderate/1.0240 minor Support: 1.0135 moderate/1.0113 minor/1.0071 minor USDCAD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Outside Up. With a strong resistance at 1.0177, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 1.0177 before buying. Immediate target is 1.0198 then on to 1.0240. Stops should be placed below the patternsThu, 16 May 2013 07:03:10 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/02/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/Resistance: 1403.93 strong / 1419.51 moderate / 1446.31 minor Support: 1377.12 moderate / 1361.54 minor / 1334.73 minor XAUUSD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 1403.93, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 1403.93 before buying. Immediate target is 1419.51 then on to 1446.31. Stops should be placed below the patterns low.Thu, 16 May 2013 04:23:17 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/16/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/12/Resistance: 102.79 moderate / 103.19 minor / 103.95 minor Support: 102.02 strong / 101.62 moderate / 100.85 minor USDJPY is generally bullish with Hourly Bearish Engulfing occurring near a strong support level at 102.02, the Pivot Point. With the pivot directly beneath us a close under 102.02 has to be seen before jumping short. The immediate object will be 101.62 break of which suggest you have a tanking market with 100.85 as its target. Stops should be placed above the Pivot Point orWed, 15 May 2013 18:30:47 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/12/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/11/Resistance: 0.9923 strong/0.9969 moderate/1.0049 minor Support: 0.9842 moderate/0.9796 minor/0.9716 minor AUDUSD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 0.9923, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.9923 before buying. Immediate target is 0.9969 then on to 1.0049. Stops should be placed below the patterns low.Wed, 15 May 2013 13:13:05 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/11/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/10/Resistance: 1.2878 moderate/1.2953 strong/1.2995 moderate Support: 1.2836 minor/1.2761 minor EURUSD is in a bear market with prices just under a moderate resistance level, 1.2878. Hourly charts however have a high credibility bullish reversal pattern, Three Inside Up. Given its proximity a close above 1.2878 should be seen before taking a buy, the immediate objective will be the daily pivot point at 1.2953, break of which should see 1.2995. Stops should be placed below the pattern low. USDCHFWed, 15 May 2013 13:00:47 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/10/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/09/Resistance: 0.9923 strong/0.9969 moderate/1.0049 minor Support: 0.9842 moderate/0.9796 minor/0.9716 minor AUDUSD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 0.9842, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 0.9842 while the immediate target is 0.9923, the Pivot Point. A close above 0.9923 will have us looking for a rallyWed, 15 May 2013 12:34:55 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/09/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/08/Resistance: 1.2953 strong/1.2995 moderate/1.3070 minor Support: 1.2878 moderate/1.2836 minor/1.2761 minor Market bias for EURUSD is bearish with prices under a strong resistance level at 1.2953 the Pivot Point. Given that Bullish Harami is a low level bullish reversal pattern it is necessary to look for a close above the strong resistance first before taking action. Immediate objective when taking a buy should be a push for 1.2995 break of which opens 1.3070, a stop loss should be placed belowWed, 15 May 2013 12:01:36 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/08/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/07/Resistance: 102.79 moderate/103.19 minor/103.95 minor Support: 102.02 strong/101.62 moderate/100.85 minor USDJPY is generally bullish though prices are just under a moderate resistance at 102.79. With Bullish Harami a low level bullish pattern it would be best to get a confirming candlestick before taking action. Consider buys on a close above 102.79, stop loss ideally should be under 102.02 though the pattern low may also be used for a stop. Immediate target is 103.19 break of which could seeWed, 15 May 2013 09:21:15 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/07/http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/06/Resistance: 0.9923 strong/0.9969 moderate/1.0049 minor Support: 0.9842 moderate/0.9796 minor/0.9716 minor AUDUSD is in a bear market with the low level bullish candlestick pattern Hammer suggesting we look for a turn-around. Consider buys off the immediate support 0.9842, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 0.9842 while the immediate target is 0.9923, the Pivot Point. A close above 0.9923 will have us looking for a rally toWed, 15 May 2013 08:04:16 GMThttp://www.fxstreet.com/technical/forex-signals/info@fxinstructor.com (FX Instructor)http://www.fxstreet.com/technical/forex-signals/intraday-commentary-on-patterns/2013/05/15/06/