USD The dollar returned some of its recent gains yesterday, as traders covered their short positions ahead of the event risks for today. In particular, EUR/USD bounced back to the 1.3200 handle while GBP/USD rallied above the 1.5600 mark. There...
A double top chart pattern has formed on EUR/AUD’s daily time frame and it appears the pair is revving up for a reversal from its recent climb. The neckline around the 1.4500 handle seems to be broken already and the selloff is underway. Stochastic i...
USD The US dollar continued to assert its dominance on the charts in yesterday’s trading, although it lost some ground to the Aussie and Kiwi. US data was stronger than expected, with the ISM manufacturing PMI climbing from 55.2 to 55.7 instead o...
AUD/JPY is showing signs of a reversal from its recent downtrend as it made an upside breakout from the neckline of its double bottom pattern on the daily time frame. The pair busted above the 90.50 handle in today’s Asian session as the Australian e...
USD The dollar still managed to gain against most of its major counterparts although the recent rallies seem weaker. USD/JPY broke to the upside of the symmetrical triangle on the 4-hour time frame but the pair is stalling at the previous week highs. ...
Dollar strength is still dominating price action but the move might be overdone on USD/CHF pretty soon. The 4-hour time frame shows that a resistance level is just around the corner and close to the .9400 major psychological level. The pair seems to...
USD The dollar is still reigning supreme in the markets as talks of a US military strike are still on the table. Obama is currently consulting Congress on whether the US forces will be allowed to launch an airstrike or not, and their decision...
USD/JPY has been consolidating inside a symmetrical triangle for the past few months, as seen on the 4-hour time frame. The pair just made an upside breakout earlier today, as Abe got the approval to increase corporate taxes. This is weighing on the...
USD The dollar continued to flex its muscles in yesterday’s trading, as strong US GDP was responsible for boosting the safe-haven Greenback. The GDP reading for the second quarter of the year was revised up from 1.7% to 2.5%, higher than the e...
On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. The pair has made lower highs and higher lows on the 4-hour chart, and is currently moving sideways...
