EURAUD formed a head and shoulders pattern on its 1-hour time frame, indicating that a reversal from the previous uptrend might be seen. Price is already breaking below the neckline support at the 1.4700 major psychological level and could be in for...
USD The US dollar regained ground against its forex rivals when risk aversion returned to the markets. Fed Chairperson Yellen’s positive remarks on the US economy was also reassuring for dollar bulls, reminding market watchers that a rate hike is s...
After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation. After all, the BOC decided to cut interest rates from 0.75% to 0.50% and lowered their growth...
USD The US dollar returned most of its recent wins when the US retail sales figures fell short of expectations. The headline figure showed a 0.3% decline while the core version of the report showed a 0.1% dip when analysts were expecting to see a 0.2%...
AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month and seems ready to test the neckline around the .7500...
USD The US dollar regained ground against most of its forex counterparts when risk aversion popped its head back in the markets yesterday. Even with a Greek bailout deal in the works, traders still don’t seem to be buying into the idea that this could s...
GBPUSD had been trading below a descending trend line since mid-June but the pair recently broke to the upside. This signals that a reversal is in order, especially since price made a pullback to the broken trend line which now seems to be holding as...
USD The US dollar opened higher against most of its forex counterparts upon finding out that there has been no deal struck over the weekend between Greece and its creditors just yet. Data from the US was weaker than expected last Friday, as wholesale...
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or...
USD The US dollar returned most of its recent gains in yesterday’s trading sessions when risk appetite started to improve. News that the Greek government is gearing up to submit a revised economic reform plan lowered the odds of a Grexit while t...
