EURGBP has formed higher lows on its 1-hour chart and is testing resistance at the .8575, creating an ascending triangle formation.  Price is approaching the peak of the triangle so a breakout in either direction might be due soon, taking price...

USD The US dollar gave up ground across the board when the FOMC minutes revealed that policymakers were split between faster and gradual tightening.  While many expect inflation to reach their 2% target soon on rising energy prices, others expressed...

GBPUSD has been selling off recently but a reversal pattern has formed on its 1-hour time frame.  Price failed in its last two attempts to break below the 1.2200 major psychological level, creating a double bottom with a neckline around 1.2380. ...

USD The US dollar scored gains across the board, buoyed by upbeat economic data.  The ISM manufacturing PMI was up from 53.2 to 54.7, much higher than the projected 53.7 figure. Components for prices, employment, production, and new orders all...

GBPJPY has previously been on an uptrend but it looks like bulls are tired from the climb.  A head and shoulders pattern can be seen forming on its 4-hour time frame, although the right shoulder is still being completed. Price seems to have found...

USD The US dollar had no trouble advancing against its peers even as US markets were still closed for the holiday.  Markets reopen today and the ISM manufacturing PMI is up for release. A climb from 53.2 to 53.7 is eyed and traders will pay special...

NZDUSD has been trending lower on its 4-hour time frame, moving inside a descending channel connecting its latest highs and lows. Price is currently testing the channel support and could be due for a pullback to the resistance, which lines up with the...

USD The US dollar gave up ground against most of its major counterparts early in the year as traders are probably bracing for some adjustments ahead of Trump's inauguration.  US banks are still closed for the holiday today so liquidity could be...

EURJPY has been trading sideways recently, finding support at the 121.70 area and resistance at 123.75.  Price just bounced off the resistance and is on its way towards support or at least until the middle of the range where the moving averages...

USD Price action for dollar pairs was still subdued even as US data disappointed.  Pending home sales slipped 2.5% instead of posting the projected 0.6% increase. Initial jobless claims, goods trade balance, and preliminary wholesale inventories...