USDJPY seems to be establishing bullish momentum as price started to break above the descending triangle resistance visible on its 4-hour chart.  The chart pattern is approximately 700 pips tall so the resulting breakout could be of the same size. ...

USD The US dollar was able to get a boost from upbeat ISM manufacturing PMI data, as the reading rose from 49.4 to 51.5 to reflect a return to industry expansion.  The jobs component also showed a gain but was still indicating contraction, albeit...

GBPJPY has been selling off recently but is currently testing support at the descending triangle pattern visible on its 4-hour chart.  Price seems to have found a floor at the 130.00 major psychological level and could be due for a move up to the...

USD The US dollar struggled to find a clear direction on Friday and took a bit of a hit on profit-taking at the end of the month and quarter. Economic data from the US came in mixed last Friday, as Chicago PMI and the revised consumer sentiment index...

NZDUSD has formed lower highs and found support at the .7240 area, creating a descending triangle on its 4-hour time frame.  Price seems to have bounced off the triangle resistance and is making a move towards support.  A breakout in either...

USD The US dollar had a mixed performance, although it was mostly stronger across the board when risk aversion picked up. Data from the US economy was also mostly stronger than expected, with the exception of pending home sales for August. The final...

EURAUD was previously trading inside an ascending channel on its 4-hour time frame before breaking lower and showing that a reversal is due. Price has found support near the 1.4600 mark and has pulled up from its dive to retest the broken channel bottom...

USD The US dollar had a mixed performance as the slightly stronger than expected durable goods orders figures weren't enough to trigger a strong boost.  Headline durable goods orders for August was flat instead of sliding by 1.0% while core durable...

USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a break below the neckline likely...

USD The US dollar had a mixed performance across the board, although the currency was slightly supported by better than expected data. The flash services PMI climbed from 51.0 to 51.9, outpacing the estimate at 51.1, while the CB consumer confidence...