GBPAUD has been trending higher on the 1-hour time frame, moving above an ascending trend line connecting the latest lows of price action. Profit-taking seems to have taken place around the 2.0350 minor psychological resistance, opening the possibility...
USD The US dollar chalked up larger gains against its forex rivals when the FOMC minutes confirmed that some members were more optimistic about economic prospects. Some even argued that a June rate hike is likely if the US is able to sustain its growth,...
GBPJPY has formed higher lows and found resistance at the 162.00 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price made a bounce off support around 155.50 earlier on and appears poised to test the triangle...
USD The US dollar regained ground against its forex peers as data from the US economy came in mostly stronger than expected. Headline CPI rose 0.4% versus the 0.3% uptick expected while the core CPI posted the projected 0.2% increase. Industrial...
GBPJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame Price just bounced off the triangle support around the 155.50 minor psychological level and might be due for a test of resistance at 159.00-160.00....
USD The US dollar failed to establish a clear direction in recent trading sessions, as the lack of top-tier data left it sensitive to country-specific events. The Empire State manufacturing index fell from 9.6 to -9.0 instead of just dipping to 7.2....
EURGBP could be in for a longer-term selloff, as a head and shoulders pattern is being completed on the pair's daily time frame. Price is on its way to test the neckline around the .7750 minor psychological support and a break lower could confirm the...
USD The US dollar got a boost from risk aversion and stronger than expected reports on Friday. Headline consumer spending rose 1.3% instead of posting the projected 0.3% drop while core retail sales gained 0.8%. Preliminary UoM consumer sentiment...
USDJPY has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. The pair is currently stalling between the 50% and 61.8% Fibonacci retracement levels, which keep further gains...
USD The US dollar was in a weak spot in the earlier sessions but was able to get back in the game during the New York hours. Data from the US economy actually came in weaker than expected, with initial jobless claims landing at 294K and import prices...
