AUD/USD has been on a steady uptrend, as seen on the 4-hour time frame, but it appears that the rally is slowing down. The pair has formed lower highs from April to May, indicating that sellers are becoming more aggressive. The pair is still finding...
USD The US dollar had a mixed performance on Friday, as the lower-yielding currency simply reacted to currency-specific events. Data from the US economy was mixed, as the UoM consumer sentiment figure fell short of expectations while the housing data...
USD/JPY has been consolidating tighter and tighter inside a descending triangle chart pattern on its daily time frame. This suggests that sellers are trying to push the pair lower but that buyers just won’t let up. A break in either direction could l...
USD Data from the US economy came in mixed yesterday, with manufacturing indices printing stronger than expected results and industrial production data coming in short. The Empire State manufacturing index showed a large improvement from 1.3 to 19.0,...
A reversal chart pattern can be seen on the 4-hour time frame of AUD/CAD, indicating that the pair’s climb may be cut short and may soon reverse. The heand and shoulders formation has a neckline around the 1.0150 minor psychological support, which the p...
USD The lack of major catalysts from the US economy led the dollar to give a mixed performance in recent trading. It was able to pack gains against the pound but consolidated to the euro. US PPI data came in stronger than expected, with the headline...
NZD/JPY is currently finding resistance at the top of a rising wedge pattern visible on the pair’s daily time frame. A shorter-term head and shoulders pattern can be seen, with a breakdown from the neckline still pending. A break below the consolidation p...
USD The US dollar gained ground in recent trading when risk sentiment started to favor lower-yielding currencies. Most other forex pairs were stuck in consolidation, as traders awaited the top-tier data releases this week. US retail sales came in weaker...
Ahead of today’s UK major economic events, GBP/USD has formed a head and shoulders pattern on its 1-hour time frame. The pair has also recently broken below an ascending trend line connecting the price lows then pulled up for a retest before heading b...
USD The US dollar had a mixed performance in recent trading, as it consolidated to the euro and Canadian dollar but managed to extend its wins to the yen and the franc. There were no major reports released from the US economy, although the Federal budget...
