USD The US dollar had another mixed performance as it lost ground to the euro and franc, consolidated to the pound, and advanced against the yen and commodity currencies. The US currency appears to be acting as a counter currency for the time...
USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725. The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of resistance...
USD The US dollar had a mixed performance as it returned some of its gains to the yen and comdolls while gaining more ground to the European currencies. There have been no reports released from the US economy then, leaving risk sentiment as a...
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level but stochastic is indicating that there...
USD The US dollar edged cautiously higher against most of its major counterparts, as data from the economy came in mixed. The headline CPI reading came in better than expectations of a flat figure instead of the projected 0.1% decline while the...
USDJPY has been on a steady climb but it appears to be retreating from its latest rally. Price peaked close to the 119.00 handle then showed signs of retracement to the 116.50-117.00 levels. The Fibonacci tool on the latest swing high and...
USD The US dollar enjoyed renewed demand as the FOMC minutes seemed more upbeat than usual. While there was a debate regarding dropping the “considerable time” wording in keeping rates low after easing ends, policymakers confirmed that inflation con...
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for now. MACD is also heading down,...
USD The Greenback had a pretty good run in recent trading, as it advanced to most of its counterparts. Data from the US economy was better than expected, as the headline PPI marked a 0.2% increase in producer price levels versus the estimated...
AUDUSD has recently been on a short-term climb, but it looks like the rally could be reversed now that a head and shoulders pattern formed on its 1-hour forex time frame. Price is a few pips away from testing the neckline below the .8700...
