EURNZD could be in for a huge reversal, as price formed a head and shoulders pattern on its 1-hour time frame. The pair is testing the neckline support at the 1.5100 handle and may be due for a breakdown soon. For now, stochastic is indicating...
USD The US dollar barely reacted to the release of the FOMC meeting minutes, as the report didn’t contain anything new from the actual interest rate statement. The report confirmed that a June interest rate hike is unlikely, although FOMC members d...
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation at the moment and may be due for an upside...
USD The US dollar regained a lot of ground to its forex counterparts, thanks to dovish remarks from European central bank officials. This was enough to bring risk aversion back in the financial markets, lending support to the safe-haven...
GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest. On its 4-hour chart, it can be seen that the long-term EMA has...
USD The US dollar regained some ground against its forex counterparts yesterday, as traders booked profits off key levels ahead of the FOMC minutes release tomorrow. Data from the US has been weaker than expected, with the NAHB housing index falling...
GBPUSD has been on a strong uptrend, as the pair has been trading above a rising trend line forming on its 4-hour forex chart. The pair recently rallied up to the 1.5800 major psychological resistance before showing signs of a pullback. Applying...
USD The US dollar had a volatile run on Friday, as it gained some ground against its forex counterparts only to give most of it back by the end of the day. Data from the US economy came in weaker than expected, dashing hopes that the Fed might...
EURJPY is moving inside an ascending channel on its 1-hour chart, indicating that a short-term uptrend is taking place. However, the pair has already reached the top of the channel and may fall from the resistance near the 137.00 major psychological...
USD The US dollar managed to regain a bit of ground in recent trading sessions, even though data from the US economy came in mostly weaker than expected. Initial jobless claims were better than expected but the PPI readings indicated that weaker...
