GBPUSD seems ready to resume its drop, as a head and shoulders pattern can be seen on its 1-hour time frame. This is a classic uptrend reversal signal, with selling pressure likely to increase once price has broken below the neckline at the 1.3100 major...
USD The US dollar was able to hold its ground against most of its forex peers when equity indices closed at all-time highs thanks to upbeat earnings data. US building permits and housing starts are up for release today with small improvements eyed,...
AUDUSD has been trending higher on the short-term time frames, moving above a rising trend line connecting the recent lows of price action. The pair is currently testing this support area and could be due for a bounce or a break. The 100 SMA lines...
USD The US dollar regained a lot of ground against its forex counterparts during Friday's US trading session, thanks to stronger than expected retail sales reports. Headline retail sales rose 0.6% versus the projected 0.1% uptick while core retail...
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top. The 100 SMA is above the longer-term...
USD The US dollar gave up ground as risk appetite improved in earlier trading sessions but soon recovered when US data came in strong. Initial jobless claims stood at 254K versus the 263K forecast while PPI reports also beat expectations. US retail...
USDCHF has been trending higher recently, moving inside a rising channel visible on its 1-hour and 4-hour charts. Price is currently testing the channel support and could be due for a bounce back to the resistance at the .9950 to 1.0000 area. The...
USD The US dollar regained a bit of ground against its forex peers as risk aversion returned to the markets. Data from the US economy was mixed yesterday, as the Fed Beige Book indicated that most districts saw modest economic growth and a pickup...
EURAUD has been trending lower on its short-term and long-term time frames, but a potential opportunity to catch the downtrend has materialized on the 4-hour chart. Price is bouncing of the descending channel support and might be due for a pullback...
USD The US dollar gave up ground against its forex peers earlier on in the week as risk appetite returned to the markets. However, traders seem to be booking profits off their recent dollar shorts. Data from the US economy came in mixed, as the...
