NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near term despite remarks from Finance Minister English...
USD The US dollar let go of some of its recent gains on Friday as most traders booked profits off key levels. Data from the US was relatively light for the day, with a few FOMC officials supporting the positive outlook for the economy. Only the flash...
EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level. This could be indicative of more losses for the pair, but a quick retracement might take place before...
USD The US dollar extended its gains to most of its major counterparts when data from the US economy came in stronger than expected. The initial jobless claims report showed a 320K reading instead of the projected 327K figure while the Philly Fed index...
The short-term selloff on GBP/JPY may soon be over, as a classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame. A double bottom can be seen after the pair tested the support around 167.75 a couple of times then found resistance near 1...
USD The US dollar scored huge gains against its counterparts in the latest US session when Fed Chairperson Yellen took center stage. As expected, she decided to carry on with the Fed’s plan to taper $10 billion in asset purchases. She also announced t...
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone. A bounce might take place soon, possibly when stochastic crosses...
USD The US dollar had another mixed performance in recent trading, as major pairs were mostly driven by country-specific events and couldn’t establish a clear direction because of the lack of US reports and major catalysts. Risk sentiment is shifty, w...
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month. The broken resistance zone is somewhere...
USD The US dollar had a mixed performance to its major currency counterparts recently as data was light in the US session. In fact, there were no major economic releases from the US. For today, JOLTS job openings data and the NFIB small business index...
