USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may indicate weakening buying momentum...
USD Trading among dollar pairs has been relatively subdued in the past days, as traders were off on a holiday. Most markets are still closed today so expect further consolidation from major currency pairs. There are no economic reports due from the...
A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break past the neckline of the formation around the 1.0900 m...
USD The US dollar caught a small break from its selloff on Thursday’s trading, as the lack of top-tier data prevented traders from pushing in a clear direction. Initial jobless claims came in stronger than expected at 300K versus the estimated 314K f...
AUD/USD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today. The pair topped around the .9450 minor psychological resistance level and is showing signs of...
USD The US dollar lost a lot of ground to its counterparts when the FOMC meeting minutes revealed that not all Fed officials agree with Yellen’s forecast of a rate hike around six months after asset purchases end. Some policymakers stressed the need t...
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the works. Do take note though that stochastic...
USD The US dollar was still no match to its major currency counterparts as it lost a lot of ground to the franc, Kiwi, pound, and Japanese yen. USD/JPY tumbled to the 101.50 minor psychological support and bottom of the rising channel, indicating a...
AUD/JPY recently made a strong break and sustained rally past the 94.00 major psychological level but it appears that a quick correction might take place. The pair has retreated upon reaching the 96.00 major psychological resistance and might bounce off...
USD The US dollar drew no support from traders in recent trading sessions, as there were no major reports released from the US economy and price action was still governed by the latest NFP disappointment. JOLTS job openings data is due today, along...
