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USD/JPY lurched lower and hesitated

A harami cross pattern unfolded on the USD/JPY daily chart turning the intermediate trend from bearish to neutral.

The pattern occurs within the context of deteriorating prices unfolding with the daily stochastic (14,3,3) tracking below 20. From here on, this oscillator could easily react with any future close near the highs, especially since yesterday's trading range formed a doji line on the chart. Highlighting the lack of trendiness is the 1-hour ADX indicator which dipped below 30 in today's trading.

Note the harami cross is considered a more potent reversal than the regular harami.

Dollar Index gains momentum and rises to test Friday’s highs

The US dollar strengthened during the American session and reached fresh daily highs against most of it rivals. The Dollar Index reached 93.35 and...
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USD/SEK sitting flat right now

USD/SEK sitting flat right now
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