GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower lows while price drew higher...
USD The US dollar struggled to hold its ground in recent trading, as data came in stronger than expected. New home sales picked up by 481K versus the projected 471K gain. In her semi-annual testimony in front of Congress, Fed Chairperson Yellen...
AUDJPY recently made a strong break past the 93.50 minor psychological resistance then zoomed up to the 94.00 handle. From there, the pair retreated and started to make a forex correction to the Fib levels marked on the 1-hour time frame. The 38.2%...
USD The US dollar suffered a sudden selloff in yesterday’s New York trading session, as Fed head Janet Yellen’s testimony forced market participants to push back rate hike expectations. She pointed out that the Fed would change its forward gui...
GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart. At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are in control of price action....
USD The US dollar regained ground on risk aversion in yesterday’s trading sessions, as there have been no positive updates on the Greek debt negotiations so far. Although a four-month extension has been granted, EU officials have yet to approve t...
USDCAD is still stuck inside the descending triangle forex pattern on its 1-hour chart, as price just bounced off the bottom and is now testing the resistance. The top of the triangle at the 1.2600 major psychological level seems to be keeping...
USD The US dollar gave up a bit of ground on Friday when risk sentiment picked up on the heels of a last-minute compromise between Greek officials and its EU creditors. Data from the US economy was better than expected, as the flash manufacturing...
GBPJPY has been moving sideways recently, bouncing off support near the 182.00 major psychological level and heading towards resistance at the 184.00 major psychological mark. If the top of the range continues to hold as resistance, GBPJPY could...
USD The US dollar regained a bit of ground in yesterday’s trading sessions, as risk aversion extended its stay in the markets. Data from the US economy was mixed, as initial jobless claims came in better than expected while the Philly Fed index s...
