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...
EURUSD has been trending higher recently but looking at the longer-term time frames shows that the pair is actually hitting the top of its range. On its daily chart, it can be seen that the pair has found resistance around the 1.1450-1.1500 levels and...
USD The US dollar lost further ground to its peers as risk appetite was present in the financial markets. Data from the US was stronger than expected, as the JOLTS job openings rose from 5.67M to 5.79M to indicate improved hiring momentum. Only the...
GBPUSD has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price has just bounced off the top of the triangle and might be ready for a test of support. Stochastic is on the move down so price might...
USD The US dollar barely showed any directional moves yesterday as traders didn't seem to be buying the upgrades in non-farm productivity and unit labor costs. The former was upgraded from a 1.0% decline to just a 0.6% drop while the latter was revised...
