The bottom of USD/CHF’s channel held last week, as risk aversion was still present in the trading markets. The pair is currently moving towards the middle of the channel, which might act as medium-term resistance. Take note that stochastic is already i...
USD The US dollar lost some ground against some of its major counterparts in recent trading, as data from the US economy turned out weaker than expected. The advanced GDP reading came in at 3.2% versus the estimated 3.3% growth figure while initial...
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom of the channel. Stochastic is already moving out of the oversold region...
USD The US dollar regained ground after the FOMC decided to proceed with its cautious taper and reduce monthly bond purchases by $10 billion, as announced in their December monetary policy statement. Bernanke also reiterated that the Fed plans to keep...
The RBNZ decided to keep interest rates unchanged at 2.50%, much to the disappointment of Kiwi bulls expecting to see policy tightening. The pair sold off after the event but might be due to find support at the bottom of its 4-hour range. Stochastic...
USD The US dollar fought back against its major currency counterparts in recent trading, taking EUR/USD down to the 1.3650 area and USD/JPY up to the 103.00 mark. Data from the US was weaker than expected, with the headline durable goods orders report...
USD/CHF seems to be on the start of an uptrend on its 1-hour time frame, as a rising channel is beginning to form. The pair just found support at the bottom near the .8950 minor psychological level and might be on its way to test the top. Stochastic...
USD The US dollar lost a bit of ground to its major counterparts, most notably the Australian dollar and the Japanese yen, as data from the economy came in weaker than expected. New home sales showed a 414K figure instead of the estimated 457K reading...
AUD/JPY recently made a sharp selloff on global growth concerns and risk aversion but the pair seems ready to make a quick retracement. On the 4-hour time frame, the 61.8% Fibonacci retracement level of the latest swing high and low lines up with the...
USD The US dollar packed in the gains against the British pound and Australian dollar on Friday, as these currencies were hit hardest after the Davos World Economic Forum. The economic leaders affirmed the strength in the US economy, also adding to...
