USD The US dollar gave back some of its recent gains again, as range-bound behavior seems to be influencing most forex pairs. US banks were on holiday yesterday, which explains the lack of trending price action. Traders are expected to return...
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over. A triple bottom can be seen, as price found support around the .8700 handle and is unable to head any lower for now....
USD The US dollar regained ground last week as risk aversion dominated the financial markets, in the wake of a worsening Ebola crisis and geopolitical tensions in Hong Kong. There were no reports released from the US economy last Friday and there...
EURJPY looks poised for more losses, as the pair recently broke below the descending triangle support on its daily time frame. Stochastic is already in the oversold zone, indicating that a bounce might take place in case the break is a fakeout....
USD The US dollar managed to recover some of its recent losses, as data from the economy came in stronger than expected. Initial jobless claims came in at 287K, lower than the expected 291K figure and indicative of improving hiring trends. US...
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the Fibonacci levels on the 4-hour chart. The...
USD The US dollar got hit by a wave of selling in recent trading, as the FOMC minutes turned out to be dovish. Policymakers weren’t too keen about hiking interest rates early next year as they reiterated that rates will remain low for a...
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t likely to hike interest rates early next year. A...
USD The US dollar had trouble getting back on its feet in yesterday’s trading sessions as most traders were still in profit-taking mode. Data from the US economy was mixed, as the JOLTS job openings came in stronger than expected while the IBD/TIPP e...
USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. Price is currently testing the neckline around the 108.00 handle. A break below...
