AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel visible on the 1-hour and 4-hour charts. Price is currently testing the top of the channel around the .7700 major psychological level and might be due for...
USD The US dollar had a volatile run as it initially sold off but was able to recoup its losses later on. Data from the US economy came in mixed, with initial jobless claims slightly missing expectations and the Chicago PMI coming in above consensus....
EURGBP has formed higher lows and found resistance at the .7900 area, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance at the moment and an upside breakout seems imminent. ...
USD The US dollar got back on its feet recently, buoyed by stronger than expected ADP jobs data for March. According to the agency, the US economy added 200K versus the estimated 195K positions in March, setting the tone for a potential upside...
EURJPY has been on a long-term downtrend, moving below a descending trend line on its daily time frame. Price looks ready for another test of the resistance area, which is around the Fib levels based on the latest swing high and low. In particular,...
USD The US dollar returned some of its recent gains when Fed Chairperson Yellen sounded extra cautious in her latest speech. She noted that more caution is warranted if the Fed should tighten monetary policy and that they have a range of tools left...
USDJPY has formed lower highs and found support at 111.25, creating a descending triangle pattern on its 4-hour time frame. Price is currently testing the resistance at 113.50 and if this keeps gains in check, the pair could make another test of...
USD The US dollar lost ground as risk appetite was in play during the earlier trading sessions, but it consolidated against most of its counterparts when price action calmed down during the US session. Only medium-tier reports were released from...
A downtrend might be in the cards for GBPJPY, as the pair formed a head and shoulders pattern on its 1-hour time frame. Price is still completing the right shoulder but a test of the neckline near 159.00 to 159.50 might be in order. A break...
USD The US dollar was dumped after the FOMC statement when their tone was less hawkish than expected. Fed officials downgraded growth and inflation forecasts while showing median expectations of two rate hikes for the year down from four. Fed...
