EURGBP appears to have made yet another bounce off the bottom of its long-term range Price tested the .7000 major psychological level recently and is staring to make its way higher. Stochastic is starting to head back up from the oversold area, indicating...
USD The US dollar still managed to dominate against its forex peers even with weaker than expected economic data. The flash manufacturing PMI for November showed a decline from 54.1 to 52.6, reflecting a slower pace of growth. Existing home sales fell...
AUDUSD has recently broken above the falling trend line visible on its 1-hour chart, indicating that a reversal is underway. Price is showing signs of pulling back to the broken resistance area and the 61.8% Fib at the .7100 handle might hold as support....
USD The US dollar rebounded against its forex rivals on Friday, recovering back to its weekly highs against most of its counterparts. There were no major reports out of the US then but FOMC members Dudley and Williams reaffirmed the idea of a...
GBPJPY has been moving on an uptrend on its 4-hour time frame, with an ascending channel connecting the latest highs and lows of price action. Price is currently testing the channel support at the 186.50 minor psychological level and might be due for...
USD The US dollar continued to give up ground to its peers even though the FOMC minutes pretty much sealed the deal for a December liftoff. Profit-taking appears to be in play, as most of these rate hike expectations have been priced in for quite some...
NZDUSD has been trending lower across most time frames but is showing signs of a large pullback from its latest drop. Price bounced off support at the .6425 area and is retreating to the Fib levels marked on the swing high and low on the 4-hour chart....
USD The FOMC minutes confirmed the likelihood of a Fed rate hike in December but the dollar barely advanced after the release, as expectations have been priced in for quite some time already. The transcript showed that most policymakers agreed that...
EURUSD has been on a steady downtrend, barely showing any signs of a pullback until recently. Price bounced off the lows at 1.0615 and may be ready for a retracement to the Fibonacci retracement levels based on the latest swing high and low on the 1-hour...
USD The US dollar was directionless in recent trading sessions, as mixed reports and the looming release of the FOMC minutes prevented traders from taking on large positions. US headline CPI showed a 0.2% gain as expected while the core version...
