GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for the top of the range. The resistance...
USD The US dollar made strong rallies after the FOMC statement, as the committee sounded more hawkish compared to their previous month’s announcement. Fed officials acknowledged the strong improvements in the labor sector, changing their wording t...
CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range. Resistance at the 97.50-98.00 area might hold and push the pair back to the bottom of the channel. Stochastic is already in the oversold area, which...
USD The US dollar gave up ground to most of its major counterparts, with the exception of the Japanese yen, in yesterday’s trading sessions. Durable goods orders data came in below expectations, with the headline figure showing a 1.3% d...
The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00. The pair is climbing past the 138.00 handle and may have a couple hundred more pips...
USD The US dollar had a mixed performance recently, as it gained ground to the yen but gave up some gains to the pound and the euro. Pending home sales was weaker than expected with a mere 0.3% uptick instead of the estimated 1.1% gain. US durable...
CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows. A bullish divergence can be seen, with stochastic making lower lows. MACD is also reflecting a pickup in buying momentum, as the indicator...
USD The US dollar gave back some of its recent gains on Friday as data from the US economy came in weaker than expected. New home sales came in at 467K, short of the 473K consensus, while the previous month’s reading was downgraded to 466K. P...
USDCHF has been in a strong climb recently, even breaking past a key resistance area around the .9500 handle. However, the pair seems to have lost steam and may be due for a pullback to the area of interest. Using the Fib tool on the latest price...
USD The US dollar moved sideways in recent trading, as major pairs were stuck at key levels. Data from the US was mostly weaker than expected, with the initial jobless claims showing a larger than expected 283K increase versus the projected 269K...
