EURJPY has been trending lower on its 1-hour time frame, moving under a descending trend line connecting the latest highs of price action. Price appears to have found a bottom and is starting to make a pullback to the falling resistance area. Drawing...
USD The US dollar gave up ground to its forex peers when the Fed refrained from hiking interest rates in their latest policy decision. FOMC members also lowered growth forecasts for this year and the next, acknowledging the recent slowdown in...
GBPUSD recently made a downside break from support around the 1.4450 minor psychological level, indicating that price was in for further declines. The pair appears to be making a correction, though, and applying the Fib tool on the latest swing...
USD Dollar pairs were mostly stuck in consolidation yesterday as traders hesitated to take huge positions ahead of the FOMC statement. Headline retail sales rose 0.5% versus the 0.4% consensus while core retail sales came in line with expectations...
GBPAUD recently broke below a long-term rising trend line, indicating that a selloff is about to take place. Price has since pulled up to this broken support area and looks ready to resume its drop. In addition, a complex head and shoulders pattern...
USD The US dollar was mostly weaker against its peers in recent trading sessions as market watchers probably booked profits ahead of this week's FOMC statement. There were no reports released from the US economy yesterday while today has the retail...
EURJPY recently made a strong break below support around the 121.50 minor psychological level then dipped close to 119.00. Price seems to be making a pullback from here, offering an opportunity to for sellers to catch the drop at higher levels....
USD The US dollar regained ground on Friday, thanks to US data coming in line with expectations. The UoM consumer sentiment index fell from 94.7 to 94.3, slightly higher than the estimated 94.1 figure, while the UoM inflation expectations reading...
NZDUSD has been trading inside a long-term rising channel visible on its daily chart. Price is currently testing the resistance and might be due for a selloff towards support. Stochastic is indicating overbought conditions so buyers might need...
USD The US dollar regained ground against its rivals as risk aversion appeared to return in the financial markets. Data from the US was mixed, with better than expected initial jobless claims and weaker than expected wholesale inventories. Only the...
