USDJPY has been trading inside a descending triangle pattern on its 4-hour time frame, with price hovering around the resistance. Stochastic is still pointing up, which means that buying pressure is present and that an upside break is possible....
USD The US dollar regained ground against its forex rivals when the FOMC sounded a little more upbeat than usual. The Fed decided to drop the “considerable time” wording completely and emphasized that they “can be patient” in looking at policy ...
EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. Price is currently testing the neckline around the 1.5400 major psychological resistance and may make an upside break. If that h...
USD The US dollar gave up ground to its major counterparts in recent trading, as traders booked profits off their trades ahead of the FOMC statement today. Data from the US was mixed, with the CB consumer confidence figure improving from 93.1...
AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week. Price appears to be making a pullback to the area of interest, which lines up with the 50%...
USD The US dollar regained a bit of ground against the yen but gave up some of its wins to the euro and the pound. There have been no top-tier releases from the US economy at the start of the week, which explains the Greenback’s mixed price a...
USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level. Price is now on its way to test the top of the range around the 118.25 mark and may be due south if it holds as resistance. However, it looks l...
USD After the strong forex moves last week, profit-taking was seen on Friday as the US dollar gave back some of its recent gains. Data from the US was also weaker than expected, as the flash manufacturing PMI fell from 53.9 to 53.7 instead of...
USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame. The pair made a couple of failed attempts to break past the 118.75 area and found support at the 117.50 minor psychological level, which i...
USD The US dollar resumed its rally to most of its forex counterparts, as the EURUSD tumble carried on to other pairs. Data from the US was weaker than expected, with the initial jobless claims showing a larger than expected 307K reading versus...
