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...
EURUSD has been moving inside a symmetrical triangle pattern since the start of the month, creating higher lows and lower highs. The pair just came off a test of triangle resistance and may be due south, possibly until the triangle support or lower. ...
USD The US dollar had a mixed performance as it gained ground to the European currencies and the yen while giving up gains to the commodity currencies. There were no reports released from the US economy yesterday, as Fed tightening expectations...
USDJPY has been moving in a strong uptrend, with a short-term rising channel forming on its 1-hour time frame. Price just came off a test of resistance and may be due to head lower in a bit, offering a better entry area for buyers looking to jump...
USD The US dollar gave back some of its recent gains to its forex counterparts as US traders were off on a Veterans Day holiday yesterday. Risk sentiment appeared to improve as geopolitical risks faded and US equity indices soared to new highs,...
After breaking below support at the .8700 major psychological level and dipping to the .8550 mark, AUDUSD has pulled up to the area of interest and may be due to resume its drop soon. The 38.2% Fibonacci retracement level lines up with the...
