USDCAD seems to be exhausted from ts recent climb, as a reversal chart pattern can be seen on its 4-hour time frame. The pair is forming a double top after failing to break past the 1.1000 major psychological level in a couple of attempts. Price has yet...
USD The US dollar retreated to some of its major forex counterparts in recent trading, allowing a few weekend gaps to get filled. Data from the US economy was weaker than expected, with new home sales coming in at 412K instead of the estimated 426K...
AUDJPY recently made a strong break past the 96.00 major psychological resistance level, which has acted as a long-term ceiling for price rallies. This could be a sign that more gains are in the cards for the pair, but a correction might take place first...
USD The US dollar gapped up against its forex counterparts over the weekend as Yellen’s Jackson Hole testimony turned out to be positive for the currency. While the Fed head didn’t commit to a rate hike timeline yet, she mentioned that tightening mig...
GBPJPY has been moving in an uptrend since mid-March, as price has been trading inside a rising trend channel visible on its 4-hour forex chart. Price has recently tested the channel support and bounced off the 171.00 major psychological level, possibly...
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...
