Breakout

EUR/USD OUTLOOK:EUR/USD soars nearly 2.5% this week, rising to its best levels since February 2022A dovish repricing of interest rate expectations following softer-than-expected U.S. inflation data may be responsible for recent moves in…

Share: EUR/USD oscillates in a narrow band below a two-month-old descending trend-line hurdle. The…

Share: GBP/USD has shown signs of a classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity…

CANADIAN DOLLAR OUTLOOK:USD/CAD has lacked directional conviction over the past week, with the pair stuck in a consolidation phaseWhile ranging market can be predictable, traders should also consider breakout scenariosThis article looks…

Share: AUD/USD grinds higher past short-term support line, prods key EMA resistance confluence. RSI, MACD…

Who’s ready to trade Canada’s CPI release later today? If you’re hoping to catch a breakout, this chart pattern on CAD/JPY is worth watching. On the hourly chart below, you can see that the pair has formed higher lows and slightly higher…

Here’s another one for the commodity traders out there! Do you think crude oil is ready to bust out of its consolidation pattern soon? Or will we see another slump back to the descending triangle support? WTI Crude Oil (USOIL) 4-hour…

EUR/USD PRICE FORECAST: Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Oil Price Forecast: WTI and Brent Face Challenges…

EUR/USD OUTLOOK:EUR/USD rallied to its best levels since May 11 after the Federal Reserve and ECB decision this past weekThe Fed held borrowing costs steady, but signaled a higher terminal rate. However, traders were skeptical of the U.S.…

Breakout alert! USD/CAD is trading juuust under a major support level! Will this mean more losses for USD/CAD? USD/CAD Daily Chart by TV As you can see, USD/CAD is already trading below the 1.3300 psychological level that has been…