Breakout

Here’s one for the gold bugs out there! The precious metal is back in consolidation mode, and it looks like a breakout is due soon. On the hourly time frame below, you can see that XAU/USD formed lower highs and found support around…

Momentum trading is a popular type of trading strategy and for good reasons. This is because momentum trading is a very effective trading strategy. It either is an initial phase for a longer-term trend or in many…

AUD/JPY has been stuck inside this consolidation pattern for a while, but it looks like a breakout is due. On the hourly chart below, you can see that the pair has formed higher lows since the beginning of the month and has found…

Recommended by Diego Colman How to Trade USD/JPY USD/JPY TECHNICAL ANALYSISUSD/JPY (US dollar – Japanese Yen) was cautious on Tuesday, moving between small gains and losses around the 138.50 level and…

Japanese Yen, USD/JPY, Treasury Yields, Ascending Triangle – Briefing:Japanese Yen weakens to wrap up the first trading day of the weekRising Treasury rates keep pressuring the yield-sensitive currencyUSD/JPY Ascending Triangle chart…

Is bitcoin gearing up for another big move? I’m seeing another tight consolidation pattern forming on the 4-hour time frame of BTC/USD. Better keep these levels on your radar, so you can gauge which direction it might go. Bitcoin…

NASDAQ 100 TECHNICAL FORECAST:Nasdaq 100 breaks above major technical resistance at 13,740 and rises to its best level since April 2022While the technical backdrop looks constructive, the market appears stretched and close to overbought…

EUR/USD TECHNICAL ANALYSISThe euro appreciated considerably against the US dollar between March and early May, but the upward momentum faded and the tables turned in the blink of an eye after prices failed to break above the psychological…

We’ve got Australia’s jobs data coming up soon! Can this spur a triangle breakout for GBP/AUD? And just how high can the pair go if that happens? GBP/AUD 1-hour Forex Chart by TV Check out this forex pair testing the very top of its…

US DOLLAR FORECAST:U.S. dollar begins the week on the back foot, undermined by concerns over the U.S. debt limit impasse and disappointing economic dataThe U.S. retail sales and industrial production reports from April should be watched…