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...
USD The dollar had a mixed performance in yesterday’s trading, although it did manage to store some gains against most of its counterparts. EUR/USD dipped to the 1.3305 area while GBP/USD traded below the 1.5500 handle briefly. The tension in S...
EUR/USD’s uptrend seems to be exhausted already as the pair broke below the rising channel support on its 4-hour time frame. The strong red candle close below the 1.3300 major psychological level signifies a possible reversal, probably back to 1.3000. ...
USD The US dollar was still ahead of the pack in yesterday’s trading, as risk aversion stayed in the markets. As it turns out, the ongoing turmoil in Syria is causing traders to worry about a full-out war in the Middle East, which in turn could l...
GBP/USD has sold off in the past few trading days, signaling that a longer-term downtrend is starting to unfold. Before that happens though, GBP/USD could still pull back to an area of interest seen on the 1-hour time frame. This is located around the...
USD Dollar pair movement was mostly calm at the start of trading on Monday, as there were hardly any major catalysts save for the US durable goods orders data. Both core and headline figures turned out to be huge disappointments, as the core version...
The ascending channel on EUR/USD’s 4-hour time frame is still pretty solid for now, as the pair just bounced off the bottom recently and is trading around the middle. Judging by that bullish pennant pattern, it appears that EUR/USD is ready to make a...
USD It’s the last day of the trading week and, with the recent price swings, it could be time for most traders to book profits at the end of the week and avoid potential weekend gaps. After all, the Jackson Hole Symposium is still taking place u...
Despite the rise in oil prices, the Loonie is having trouble pushing past the rising trend line on its daily time frame. As you can see from the chart, the pair has made several tests of this established rising support zone and might continue to stay...
USD As expected, the release of the FOMC meeting minutes did cause some waves among dollar pairs but the contents of the report didn’t contain a lot of surprises. After all, the meeting was conducted prior to the release of sentiment-changing r...
