EURUSD has been trending higher recently but looking at the longer-term time frames shows that the pair is actually hitting the top of its range. On its daily chart, it can be seen that the pair has found resistance around the 1.1450-1.1500 levels and...
USD The US dollar lost further ground to its peers as risk appetite was present in the financial markets. Data from the US was stronger than expected, as the JOLTS job openings rose from 5.67M to 5.79M to indicate improved hiring momentum. Only the...
GBPUSD has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price has just bounced off the top of the triangle and might be ready for a test of support. Stochastic is on the move down so price might...
USD The US dollar barely showed any directional moves yesterday as traders didn't seem to be buying the upgrades in non-farm productivity and unit labor costs. The former was upgraded from a 1.0% decline to just a 0.6% drop while the latter was revised...
EURUSD had a strong rally recently but price is currently stuck in a tight consolidation pattern. This appears to be a bullish flag, which is considered a continuation signal. A break past the resistance at the 1.1385 level could be enough to confirm...
USD The US dollar was still mostly weaker in recent sessions, as Fed Chairperson Yellen expressed her disappointment over the latest jobs figures. She gave a pretty balanced testimony, citing that rates will have to be hiked at some point but that tightening...
EURJPY has formed lower highs and lower lows, creating a falling wedge pattern on its 4-hour time frame. Price just bounced off support and could be due for a test of resistance soon. This resistance area lines up with a broken short-term support level...
USD The US dollar was sold off sharply on Friday when the NFP report printed a mere 38K increase in hiring versus the estimated 159K gain. In addition, the previous reading was downgraded from 160K to 123K while the ISM non-manufacturing PMI showed...
GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. This signals that the pair could be in for longer-term losses, possibly by around a thousand pips or the same height as the...
USD The US dollar was able to take advantage of the run in risk aversion but was still mostly weaker against the yen and Kiwi. Economic data from the US came in better than consensus, as the initial jobless claims landed at 267K versus the projected...
