EURUSD is moving inside an ascending channel on its 4-hour chart and is currently approaching the resistance at 1.0950 to 1.1000. If this area keeps gains in check, the pair could head back to support at the 1.0700 major psychological level or at least...

USD The US dollar regained ground on a strong equity market performance on expectations for Trump's tax reform announcement on Wednesday.  There were no major reports out of the US and markets seemed to shrug off cautious remarks from FOMC dissenter...

GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern.  Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....

USD The US dollar was off to a weak start for the week as risk appetite returned on the outcome of the French elections. Besides, data from the US was mostly weaker than expected on Friday as both flash manufacturing and services PMI printed weaker...

GBPUSD had previously been trading inside a range with support at 1.2100 and resistance at 1.2700. Just recently, price made an upside breakout, signaling that further gains are likely. The rectangle is 600 pips tall so the resulting uptrend could be...

USD The US dollar was mostly stuck in consolidation against its peers as traders appear to be waiting for the NFP report and for geopolitical risks to subside. The Challenger job cuts report showed a 17% increase in March while initial jobless claims...

GBPUSD has formed lower highs and higher lows on its 1-hour time frame, creating a symmetrical triangle pattern that could be due for a breakout soon. Price is currently testing the triangle support at 1.2460, still trying to decide whether to go for...

USD The US dollar was in a weak spot against its peers as the FOMC minutes focused on the idea of adjusting the balance sheet and the fact that fiscal stimulus might not take effect until next year, something that was underscored by Speaker Paul Ryan...

GBPAUD formed lower highs and higher lows, creating a symmetrical triangle formation on the 4-hour time frame. Price is starting to break past the triangle resistance, signaling that pound bulls are taking control of price action and could push for more...

USD The US dollar had a mixed performance as it weakened to the yen but consolidated against most of its counterparts. Economic data was stronger than expected as the trade deficit narrowed on higher imports while factory orders ticked up by 1.0%. FOMC...