Head and shoulders

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EUR/USD: Busted Bearish Head-and-Shoulders Becomes Bullish Head-and-Shoulders?

September 18, 2018 8:28 PM
Last week, we highlighted the bearish head-and-shoulders pattern forming on the US Dollar Index (see “Dollar Index Head-and-Shoulders Pattern in Play After Weak Inflation Data” for more). With the euro making up nearly 60% of the dollar index, it’s not surprising that a similar, inverted head-and-shoulders pattern is forming on EUR/USD, as we’ll see...

EUR/GBP continues head-and-shoulders slide towards downside target

May 25, 2016 5:30 PM
<p>EUR/GBP continued its sharp slide on Wednesday morning for the second consecutive day this week as the euro has generally remained in a prolonged slump and sterling has once again taken center stage as the star performer against other major currencies. In the process of this slide, the currency pair hit a new 16-week low under 0.7600 early on Wed...

Pressured US stocks dangle off a head-and-shoulders cliff

May 19, 2016 4:00 PM
<p>Wednesday’s hawkish FOMC minutes increased speculation that a June interest rate hike by the Federal Reserve may be more likely than previously anticipated. These higher expectations have helped prompt a boost for the US dollar, a plunge in gold prices, and pressure on US and global stock markets. Additionally, a pullback in crude oil prices on a...