The US Dollar (USD) is building a consolidation zone before the important Non-Farm Payroll (NFP) and unemployment rate data from the United States. The NFP news event could lead to increased volatility during and after event which could potentially
...The GBP/USD is building a contracting triangle chart pattern (red/blue lines). A break above resistance (red) could see price complete wave E (green). A break below support (blue) could see price challenge the 61.8% Fibonacci level of wave X vs W (b
...The EUR/USD is struggling to show momentum in either direction and has decided to move sideways. When looking at the divergence visible on the hourly chart, it seems more likely that a wave 2 or B retracement will occur but a break above resistance
...The USD/JPY broke below the support trend line (dotted blue) and is now testing the next support (green). A bounce and break above resistance (red) could indicate that wave X (orange) has been completed whereas a break below the 138.2% Fibonacci le
...The GBP/USD broke above the resistance of the triangle (dotted orange) chart pattern, which makes it likely that a wave X (blue) has been completed. Price could be building a wave Y (blue) correction towards the Fibonacci targets.
The
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