USD The US dollar gave back some of its gains in recent trading, as most traders booked profits off their dollar positions ahead of the Jackson Hole Symposium. Data from the US was stronger than expected, as the initial jobless claims came in below...
USDCHF has recently broken above strong resistance level at the .9100 major psychological mark. Price has rallied close to the .9150 area before retreating, possibly to make a retest of the broken resistance before heading higher. Stochastic is already...
USD The Greenback had a strong run in the latest NY trading session, as the FOMC minutes revealed that policymakers are considering tightening monetary policy sooner than anticipated. Fed officials acknowledged the pickup in hiring and growth for the...
USDCHF looks poised for more upside, as the pair is breaking above an area of interest and neckline of a reversal pattern on its daily time frame. Stochastic is still moving up, indicating buying momentum. As you can see, price appears to have formed...
USD The US dollar surged higher in recent trading as housing data came in much stronger than expected. Building permits jumped from 0.97M to 1.05M while housing starts climbed from 0.95M to 1.09M. CPI figures were mixed, as the headline report showed...
USDJPY has been moving inside a rising channel on its 4-hour forex time frame, with price gearing up to test the top of the range around the 103.50 minor psychological resistance. Stochastic is already in the overbought zone, indicating that the rally...
USD The US dollar outpaced its major currency counterparts in yesterday’s trading session as risk aversion extended its stay and traders positioned themselves ahead of the Jackson Hole symposium. Medium-tier data from the US was better than expected, a...
NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom. NZDUSD has been moving inside a falling channel on its...
USD Price gaps were seen all over dollar pairs in the start of this trading week as risk appetite appeared to improve over the weekend. Apart from that, data from the US economy came in weaker than expected on Friday, with consumer sentiment and the...
EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up with the .8000 major psychological barrier. At the same...
