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...
GBP/JPY’s longer-term range is still holding for now, as the pair is having trouble breaking past resistance right below the 154.00 major psychological level. Stochastic has shown a bearish divergence, hinting at a move down south. Shorting at market a...
USD Today is a big day for the U.S. dollar as the FOMC meeting minutes are up for release. Traders are expecting to see clearer clues on whether the Fed is likely to push through with its Septaper plan or not. On one hand, the U.S. has shown...
NZD/USD is still moving sideways lately, as resistance at the top of the range or at the .8100 major psychological level still held this week. At the same time, stochastic is pointing down, hinting at a potential test of the bottom of the range...
USD The US dollar was off to a strong start in this Asian session, as traders booked profits off key resistance and support levels on the medium-term time frames. This is perhaps because most market participants aren’t willing to keep their t...
