XAUUSD carving out a head and shoulders pattern - Gold, despite the recent bullish momentum, is carving out a bearish head and shoulders pattern with the neckline resistance at...
Rising wedge on EURUSD (H4) signals a breakout to the downside - Failure to make a convincing close following the inside bar, EURUSD's rising wedge pattern signals consolidation...
UK Industrial Production, RBNZ OCR Decision,China CPI - The day starts out with the industrial production data from the UK. German IP, released yesterday, was slightly better...
Technical Analysis of Crude Oil - Crude traded above the $50 mark into the N.Y. open, peaking so far at $50.35, an eight-month high. Supply disruptions have been supportive of...
EURUSD goes nowhere but mind the inside bar - The dollar crosses were fairly flat yesterday with the sterling being the exception. While EURUSD formed a doji the day before,...
Important Forex news - In the space of a week we’ve moved from a strong momentum for a June interest rate increase from the FOMC to Yellen hitting the final nail into the...
German IP, Japan GDP, Japan & China Trade Data - While German industrial production is expected to have rebounded in April, I'm not sure that's significant any more, given...
AUD/USD Technical Analysis - The AUD/USD finished unchanged on Monday after Fed Chair Janet Yellen gave an upbeat assessment of the U.S. economy in a speech at the World Affairs...
Doji on EURUSD, Gold signals a correction - The US dollar was muted to Yellen’s speech in Philadelphia yesterday, but the doji candlesticks on EURUSD and Gold signal a near...
