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...
AUDUSD has been moving higher in the past few days but it could be a large correction from the longer-term downtrend. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8% level lines up with an area of interest...
USD The US dollar lost ground on Friday as risk appetite stayed strong until the end of the week. Data from the US economy was mostly stronger than expected, with the headline PPI showing a flat reading instead of the projected 0.1% dip and the...
EURGBP is still moving sideways on its 1-hour forex chart, bouncing off support at the .7260 area and finding resistance at .7360. Price is on its way up to test the top of the range once more while stochastic is moving down from the overbought...
USD The US dollar gave up further ground in recent trading sessions, as risk appetite continued to improve. Data from the US came in mostly in line with expectations, with the initial jobless claims report showing a drop from 281K to 275K in unemployment...
