GBPJPY was previously trading inside an ascending triangle visible on its daily time frame and has just broken below support to signal that bears have gotten the upper hand. The chart pattern is around 2300 pips tall so the resulting selloff could be...
USD The US dollar was weighed down heavily by downbeat housing starts and building permits, followed by the FOMC minutes and the fallout in Washington. Building permits fell from 1.28M to 1.22M while housing starts declined from 1.21M to 1.16M....
NZDJPY appears to be done with its tumble as price is forming an inverse head and shoulders pattern on its 1-hour time frame. Price also seems to have broken past the neckline at 80.00 to confirm that gains are in the cards. The chart pattern is...
USD The US dollar got a bit of a boost from stronger than expected July retail sales figures, along with positive revisions for the June report. The Empire State manufacturing index also posted a strong rise from 9.8 to 25.2, higher than the projected...
EURUSD is starting to trend lower and move inside a descending channel formation. Price is bouncing off support and might be due for a test of the resistance at the 1.1800 major psychological level. The 100 SMA is below the longer-term 200 SMA...
USD The US dollar recovered from its downbeat performance late last week, thanks to upbeat remarks from Fed official Dudley and a positive close for equities. Although it has been reported that Kim Jong Un has been briefed about the missile strike...
GBPNZD has formed higher lows and found resistance around the 1.7900 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is still hovering around the triangle support near the 1.7750 mark, still deciding...
USD US CPI figures came in weaker than expected as the headline and core readings came in at 0.1% versus the projected 0.2% pickup, further dampening September rate hike expectations. There are no major reports lined up from the US today so dollar...
NZDJPY continues to trend lower as its moves below a descending trend line visible on the 1-hour and 4-hour time frame. Price could be due for another pullback to the trend line, which lines up with the 61.8% Fibonacci retracement level. The 100...
USD The US dollar was in a weak spot against its peers, weighed down by weak PPI, downbeat Fed rhetoric, and threats from North Korea. US equity indices chalked up large losses for the day as investors are starting to get worried about an actual...
