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...
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...
