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Forex Major Currencies Outlook (Jun 08, 2016)

USD

The US dollar barely showed any directional moves yesterday as traders didn't seem to be buying the upgrades in non-farm productivity and unit labor costs.

EURUSD Bullish Continuation Pattern (Jun 08, 2016)

EURUSD had a strong rally recently but price is currently stuck in a tight consolidation pattern.

Forex Major Currencies Outlook (June 07, 2016)

USD

The US dollar was still mostly weaker in recent sessions, as Fed Chairperson Yellen expressed her disappointment over the latest jobs figures.

EURJPY Falling Wedge (June 07, 2016)

EURJPY has formed lower highs and lower lows, creating a falling wedge pattern on its 4-hour time frame. Price just bounced off support and could be due for a test of resistance soon.

Forex Major Currencies Outlook (June 06, 2016)

USD

The US dollar was sold off sharply on Friday when the NFP report printed a mere 38K increase in hiring versus the estimated 159K gain. 

GBPJPY Triangle Breakdown (June 06, 2016)

GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. 

Forex Major Currencies Outlook (June 03, 2016)

USD

The US dollar was able to take advantage of the run in risk aversion but was still mostly weaker against the yen and Kiwi.

GBPUSD Reversal Signal (June 03, 2016)

Cable could be in for a selloff, as the pair formed a double top pattern on its 4-hour time frame.

Forex Major Currencies Outlook (June 02, 2016)

USD  

The US dollar gave up some ground despite mixed data, as traders focused on the 1.8% slump in construction spending. 

GBPJPY Ascending Triangle Support (June 02, 2016)

GBPJPY sold off from its ascending triangle resistance once more, making its way down to the bottom of the formation at the 157.00 levels.