EURCHF has been trading steadily lower on its 1-hour chart, as the recent highs of price action can be connected by a falling trend line. Price is currently testing the trend line resistance, which might still keep further gains in check. If so, a move...
USD The US dollar advanced against most of its peers on Friday, as the surprise rate cut by the Chinese central bank spurred a bit of risk aversion. In addition, data from the US was better than expected since the flash manufacturing PMI climbed...
EURJPY made a break below its symmetrical triangle last week but is still stuck in consolidation. Price is now stalling around the bottom of the descending triangle on its daily time frame. Support is located at the 133.50 minor psychological level,...
USD The US dollar regained ground against its peers when risk appetite tanked after the ECB statement. Data from the US came in better than expected, as the initial jobless claims showed a 259K figure versus the projected 266K reading while...
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level. However, the latest ECB statement triggered a sharp downside...
USD The US dollar advanced against most of its peers as risk aversion seemed to return to the financial markets. There have been no major reports out of the US economy yesterday while today has the initial jobless claims and existing home sales...
EURGBP is still trading around the top of its range on the 4-hour time frame, as traders are waiting for the upcoming ECB statement. Price has been testing the resistance at the .7400 major psychological level for quite some time and has indicated...
USD The US dollar regained ground against most of its peers in recent trading sessions when Fed head Yellen didn't exactly show any shift in her monetary policy bias. Other FOMC members reiterated that a liftoff is still possible this year but...
EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern. The resistance around the 1.1500 major psychological held on the latest...
USD The US dollar was off to a strong start for the week but wound up giving up some of its recent gains to its peers. FOMC member Brainard reiterated the risks of hiking interest rates too early in her latest testimony, reminding forex market...
