AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. As you can see, price bounced a couple of times off the .7700 major psychological support and is on its way to test...
USD The US dollar regained ground against its major counterparts when risk aversion popped its head back in the financial markets. Talks of a Greek exit have somehow weighed on sentiment, favoring the lower-yielding dollar. There were no major...
AUDJPY broke below its ascending triangle support on the 1-hour time frame, indicating that further losses are possible for the pair. Price could fall by as much as 200 pips, which is roughly the same height as the chart pattern. With that, a move...
USD The US dollar had a mixed performance in recent trading, as the lack of top-tier reports from the economy kept it as a counter currency. There are still no major reports lined up from the US economy today, which suggests that risk aversion...
GBPJPY looks ready to resume its longer-term selloff, as price is completing its retracement on its 4-hour forex chart. The pair has recently bounced off support around the 176.00 levels and pulled up to the 50% Fibonacci level on the latest swing...
USD The US dollar was off to a shaky start on Monday’s trading but soon regained ground to its forex rivals during the latter sessions. There have been no top-tier reports released yesterday while today has only a few low-impact ones on tap. T...
GBPAUD is testing a major resistance area on its daily chart, as price is hovering around the top of the ascending channel around the 1.9500 major psychological resistance. Stochastic is moving down from the overbought area, indicating a potential...
USD The US dollar staged a strong rally on Friday, as the latest NFP report came in much stronger than expected. The economy added 257K jobs for January, higher than the projected 236K increase. On top of that, the previous reports were also upgraded,...
GBPUSD recently broke past the 1.5200 major psychological resistance and rallied up to the 1.5350 minor psychological mark. Price is now pulling back to the broken resistance area, which lines up with the 38.2% Fibonacci retracement level based...
USD The US dollar once again returned its recent gains as traders booked profits off their dollar longs prior to today’s NFP release. Data from the US was mixed, as the trade balance came in short of expectations while initial jobless claims p...
