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...
Cable could be in for a selloff, as the pair formed a double top pattern on its 4-hour time frame. Price failed in its last two attempts to break past the 1.4700 major psychological level and is currently testing the neckline around 1.4350-1.4400. ...
USD The US dollar gave up some ground despite mixed data, as traders focused on the 1.8% slump in construction spending. The Fed's Beige Book confirmed that most districts saw improvements, underscoring a potentially upbeat FOMC statement...
GBPJPY sold off from its ascending triangle resistance once more, making its way down to the bottom of the formation at the 157.00 levels. Price could be due for a bounce or a break, with technical indicators suggesting that another move to resistance...
USD The US dollar had a mixed performance as it advanced to comdolls and European currencies but lost ground to the yen. Data from the US economy came in mixed, with personal spending beating expectations with its 1.0% gain and personal income coming...
