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...
USD The US dollar regained ground in recent trading, despite weaker than expected reports from the economy. Capacity utilization and industrial production missed the marks while the Empire State manufacturing index improved from 6.2 to 10.2, short of...
EURGBP has been falling for the past few months but a reversal pattern has just formed on its daily chart. This indicates that an uptrend may start as soon as price breaks past the .8000-.8050 resistance levels. If the .8000 mark holds as resistance...
USD Profit-taking and risk appetite combined forces to weigh on the US dollar last Friday, even as the economy posted stronger than expected reports. Consumer spending picked up by 0.3%, as shown by the headline and core retail sales figures,...
GBPUSD looks prime for a pullback as price found support around the 1.5600 major psychological level. The pair appears to be retreating to the descending trend line visible on its 4-hour forex chart. Stochastic has already reached the overbought...
USD The US dollar was able to squeeze out small gains to its forex counterparts, extending its rally to the yen and the pound. Data from the US economy was weaker than expected though, with the initial jobless claims posting a larger than...
