EURJPY is still moving inside the symmetrical triangle pattern on its 4-hour chart, as price just bounced off the bottom once more.  Another test of the triangle resistance near the 136.00 major psychological resistance might take place since stochastic...

USD The US dollar regained some ground against its peers on Friday when reports came in line with expectations Capacity utilization rose 77.5% while industrial production dipped by only 0.1% as expected. The preliminary UoM consumer sentiment report...

EURUSD is in a steady uptrend on its 1-hour time frame and is currently pulling back from the climb. Using the Fibonacci retracement tool on the latest swing high and low reveals that the pair is currently finding support at the 50% level, which is near...

USD The US dollar bounced back against its forex counterparts yesterday, thanks to upbeat CPI data.  The headline figure came in line with expectations of a 0.1% dip while the core reading showed a stronger than expected 0.2% increase versus the...

USDJPY previously made a downside break from a tight consolidation pattern, signaling further downside momentum.  Price has dipped to the 118.00 area before showing signs of a pullback, possibly until the broken support near the 50% Fibonacci retracement...

USD The US dollar gave up a lot of ground to its forex counterparts in recent trading sessions, spurred mostly by disappointing retail sales data.  The headline figure indicated a mere 0.1% uptick instead of the 0.2% rise while the core figure...

EURGBP has been moving steadily higher but is still inside a rising wedge consolidation pattern. Price just tested the resistance and made a bounce, indicating that a test of support near the .7400 major psychological level might take place soon. The...

USD The US dollar had a mixed performance as it acted mostly as a counter currency in recent trading sessions.  Low-tier data from the US economy came in somewhat better than expected, with the NFIB small business index rising from 95.9 to 96.1....

EURJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour chart.  Price is testing the top of the triangle, still unsure whether to make a bounce or a break. A bullish pennant can be seen, hinting at the...

USD The absence of US traders kept the dollar on weak footing, as traders continued to price in weaker odds of a Fed liftoff before the end of the year.  Over the weekend, IMF leaders urged central bank heads to maintain their accommodative monetary...