Last few days on the USD are bringing us a rather boring sideways trends. That kind of movements have one advantage – they should eventually come to an end, bringing us directional movements and in the same time – a proper trading signals. EUR/USD is locked inside of the symmetric triangle pattern. On Tuesday, the price is trying to break the lower line of this formation. If successful, we should see a further drop, aiming the 1.208 support.
USD/JPY is also having a triangle pattern on the chart. The key in such formations is to wait for a breakout and act, not to guess the direction in advance. Breakout of the upper line opens us a way towards the resistance on the 112 and breakout of the lower line opens us a way to 108.3.
Bitcoin still cannot recover after turbulences caused by the event from the South Korea. We made a beautiful impulse equality pattern but the price failed to go higher and stopped on the mid-term down trendline and the horizontal resistance on the 11200 points. As long, as we stay below that area, the sentiment is negative.