EURGBP made a break below its short-term consolidation, indicating a buildup in bearish pressure and a potential selloff to the bottom of the longer-term range visible on the 4-hour chart. Price seems to have broken below the neckline of a triple...
USD The US dollar was back with a vengeance on Friday, as traders booked profits of their short dollar trades after the FOMC statement. There were no major reports out of the US economy then while today has the existing home sales and a speech...
GBPUSD seems to be starting a new trend on its 1-hour forex chart, as the recent highs and lows can be connected using an ascending channel. Price just bounced off the channel resistance and may make its way to the support near the moving averages....
USD The US dollar suffered a sharp selloff after the FOMC statement since the Fed refrained from hiking interest rates. There was only one member who called for a rate hike but he was outvoted by the rest of the committee who pointed out the risks stemming...
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown. Both stochastic and...
USD The US dollar tossed and turned during the recent NY trading session, as traders treated the Greenback as a counter currency for their trades instead of picking a clear direction. Traders are also probably reducing their dollar holdings ahead of...
GBPAUD might be done with its long-term uptrend, as a reversal pattern can be seen on its 1-hour and 4-hour charts. A double top formation has materialized after price failed in its last two attempts to break above the 2.2100 major psychological resistance....
USD The US dollar gave up ground to some of its rivals because of weaker than expected retail sales figures. Headline retail sales increased by only 0.2% instead of the estimated 0.3% rise while the core version of the report printed a meager 0.1% uptick...
NZDUSD's recent downtrend might soon be over, as the pair is forming a double bottom reversal pattern on its 1-hour chart. Price is still on its way to test the neckline of the formation at the .6400 resistance, with an upside break likely to push the...
USD Dollar pairs had a mixed performance as traders hesitated to commit to any positions ahead of the FOMC statement later this week There have been no reports released from the US yesterday, allowing the dollar to function mostly as a counter currency...
