EURGBP has been trading in a short-term uptrend for most of the month, as an ascending trend line can be drawn to connect its recent lows.  Price has formed a bullish divergence, with stochastic making lower lows and the pair making higher lows...

USD The US dollar continued to edge lower to most of its major counterparts as more and more traders have been booking profits off their long positions at the end of the month and quarter.  Data from the US has been weaker than expected, with both...

EURNZD’s recent downtrend might soon be over, as the pair formed a reversal pattern on its 4-hour chart.  The pair has yet to break above the resistance levels around the neckline of the double bottom and the longer-term exponential moving average b...

USD The US dollar continued to weaken against most of its major counterparts, despite stronger than expected data from the US economy.  Core CPI came in stronger than expected with a 0.2% gain versus the estimated 0.1% uptick while the headline...

AUDUSD has been in a steady downtrend since December last year and has been trading below a descending trend line connecting its recent highs on the 4-hour chart.  Price seems to have broken above the trend line recently though, indicating that...

USD The US dollar continued to lose ground against its forex counterparts, as risk appetite extended its stay in the financial markets.  Data from the US economy was weaker than expected, with existing home sales falling short of the estimated...

NZDUSD has recently formed a double bottom pattern on its 4-hour time frame and seems to be confirming the potential reversal, as price has already broken above the neckline of the chart pattern at the .7600 major psychological resistance.  At the...

USD The US dollar was unable to shake off the downbeat vibes brought forth by the cautious FOMC statement, forcing the currency to end lower against most of its forexcounteparts for the week.  There have been no major reports released from the...

GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart.  This could be a sign that the recent downtrend is already over as soon as price breaks past the neckline of the formation around the 1.5000 major psychological...

USD The US dollar made a bit of a recovery to most of its forex counterparts in recent trading, as traders realized that the Fed is still the only central bank moving closer to hiking interest rates.  Price action was no longer as volatile in the...