USDJPY recently broke outside its descending triangle pattern visible on the 4-hour time frame. Price found resistance around the 104.00 handle and might be ready for a pullback to the broken triangle resistance at the 101.50 minor psychological level....

USD The Greenback was able to squeeze out more gains after US data came in mostly upbeat. The ISM non-manufacturing PMI jumped from 51.4 to 57.1, higher than the consensus at 53.1, and indicated a strong gain in its jobs component. However, the ADP...

GBPAUD has been selling off but is currently finding support at the bottom of its descending channel on the 4-hour time frame. The 1.6700 handle seems to be keeping losses in check and if it continues to do so, price could bounce back to the top of the...

USD   The US dollar continued to advance against its peers even though there were no major reports out of the US economy.  News that the ECB could be ready to taper its QE program before its conclusion drove risk aversion back in the markets...

USDJPY seems to be establishing bullish momentum as price started to break above the descending triangle resistance visible on its 4-hour chart.  The chart pattern is approximately 700 pips tall so the resulting breakout could be of the same size. ...

USD The US dollar was able to get a boost from upbeat ISM manufacturing PMI data, as the reading rose from 49.4 to 51.5 to reflect a return to industry expansion.  The jobs component also showed a gain but was still indicating contraction, albeit...

GBPJPY has been selling off recently but is currently testing support at the descending triangle pattern visible on its 4-hour chart.  Price seems to have found a floor at the 130.00 major psychological level and could be due for a move up to the...

USD The US dollar struggled to find a clear direction on Friday and took a bit of a hit on profit-taking at the end of the month and quarter. Economic data from the US came in mixed last Friday, as Chicago PMI and the revised consumer sentiment index...

NZDUSD has formed lower highs and found support at the .7240 area, creating a descending triangle on its 4-hour time frame.  Price seems to have bounced off the triangle resistance and is making a move towards support.  A breakout in either...

USD The US dollar had a mixed performance, although it was mostly stronger across the board when risk aversion picked up. Data from the US economy was also mostly stronger than expected, with the exception of pending home sales for August. The final...