Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming...
The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purposes they are all the same, the just look different.
A triangle forms when the price action narrows over several price swings. If trendlines are drawn along the highs...
FX:USDJPY For a long time, we have been tagging JPY's weakness. After raising the interest rate increase, the USD increased and thus raised the USD/JPY price level. Technically, you can see symetrical triangles. You need to look for confirmation in the candelstick formation.
FX:GBPUSD On the GBP/USD pair, the price fluctuates in the bearish channel. This channel is part of a larger formation with longer intervals H4, D. This is a flag formation. Currently, the price is within the scope of support. On H4 created a pin bar ,that can change price level and a reflection from support.
AUD has rallied and if a nice pull back occurs, it could be heading north. I would suspect a pull back to retest the previous support. Would make a good bullish entry if it decided to retest and continue to move higher.
USDJPY - Will US Dollar react on ISM Data and FOMC Minutes Today?
Daily Technical Analysis Wednesday, April 5, 2017
The FOMC minutes will be released this evening. How Will US Dollar react on ISM Data and FOMC Minutes Today? The TRUMP and XI (China) ahead meeting still a market key this week.
EURUSD - Is there a Risk ahead of Trump meeting with China Xi this week? Will the DOLLAR beat the EURO again?
The selling pressure of EURO has been scared a lot of EURO buyers in the Forex Market. But is there any sign that the bearish trend is now at the bottom line? or the coming NFP Non Farm Payroll report will give a real answer?