EURUSD could be in for a short-term reversal from its recent selloff, as the pair formed a double bottom pattern on its 1-hour time frame. Price has yet to test and break above the neckline of the formation around the 1.1300 major psychological...
USD The US dollar was able to cap off a pretty good week, spurred mostly by hawkish remarks from Fed officials. Most FOMC members hinted that they're open to tightening before the end of the year, although they maintained that inflation remains...
AUDUSD has been in a strong downtrend lately but it looks like the bearish momentum is fading. Price formed higher lows on the 4-hour chart while stochastic made lower lows, creating a bullish divergence. Stochastic has yet to climb out of the...
USD Dollar pairs tossed and turned in the charts yesterday when FOMC head Yellen gave hawkish remarks but economic data failed to support her upbeat bias. According to Yellen, a rate hike is possible this year as long as the headwinds to the domestic...
NZDUSD enjoyed a bit of support in recent trading sessions, as traders squared away their risk-off positions. The pair bounced off the bottom of its range around the .6250 minor psychological mark and might make its way back to the top around the...
USD The US dollar's performance was a mixed one, as the currency simply reacted to country-specific events. Data from the US came in line with expectations, as the flash manufacturing PMI held steady at 53.0. Fed member Lockhart reiterated his...
EURJPY previously broke below a double top formation on its short-term time frames, signaling that a downtrend is in order. However, the pair enjoyed a bit of relief rally in recent trading sessions, allowing price to pull back to the broken neckline....
USD The US dollar advanced against its forex rivals when risk aversion returned to the financial markets, with the euro and pound chalking up the largest losses. Data from the US economy was mixed, with the HPI showing a larger than expected 0.6%...
After breaking below the short-term support and indicating further downside momentum, EURGBP is showing signs of a potential pullback to the broken support. Using the Fibonacci retracement tool on the latest swing high and low on the 1-hour time...
USD The lack of any top-tier reports from the US or other major economies spurred a mixed performance among dollar pairs in recent trading. Traders are still weighing in on the latest FOMC statement and the Fed's decision to keep rates on hold...
