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...
USD/CHF has made a strong rally after bouncing off support on its 4-hour range. The pair has been moving sideways between the .8750 minor psychological level and the resistance around .8925. The rally could be cut short once the pair tests the top of...
USD The US dollar had a mixed trading day before the week came to a close, as most traders booked profits off their dollar longs ahead of the key events this week. . JOLTS job openings data was weaker than expected at 4.01M versus the estimated 4.21M...
After months of consolidating inside a symmetrical triangle pattern on its 4-hour time frame, EUR/JPY finally picked a direction when the ECB hinted that it could ease in June. The pair fell below the triangle support and is indicating that further losses...
