GBPUSD has been on a downtrend ever since the BOE showed a bit of hesitation when it comes to tightening monetary policy by the end of the year. Price has broken below a support area around the 1.6850 minor psychological level and has traded near the...
USD The US dollar regained ground against most of its major forex counterparts as risk appetite remained weak at the start of the trading week. There have been no major reports released from the US on Monday while today has a couple of medium-tier...
USDCAD has formed a double top chart pattern on its 1-hour time frame, indicating that the uptrend is about to turn. Price has yet to break below the formation’s neckline near the 1.0900 major psychological support before confirming the selloff. Stochastic i...
USD The US dollar had a mixed performance towards the end of the trading week, ending lower against the euro but higher against the pound and the yen. Data from the US was mostly weaker than expected, as preliminary unit labor costs and non-farm...
EUR/JPY is still on a steady downtrend as the pair gears up for another test of the descending trend line resistance on its 4-hour time frame. Price has recently bounced from its recent selloff and may retest the 137.00 major psychological resistance....
USD The US dollar had a good trading day as it rallied against most of its major counterparts in recent trading. Risk appetite was weak recently while US data came in stronger than expected. The ISM non-manufacturing PMI climbed from 56.0 to 58.7,...
AUD/USD recently broke below the short-term support area on a smaller range and may be poised to test the bottom of the larger range visible on the 4-hour forex time frame. Price has traded below the .9350 area and made a small pullback before resuming...
USD After its recent strong rallies, the US dollar paused and consolidated to most of its major counterparts. Data from the US economy was mixed, as the initial jobless claims came in line with expectations, the Chicago PMI missed expectations, and...
USD/JPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could be buying pressure left....
USD The US dollar had a strong positive reaction to better than expected advanced GDP data, which showed that the economy expanded by 4.0% in the second quarter of the year. This was much higher than the estimated 3.1% increase. However, the currency...
