There’s a potential short-term retracement on EUR/USD’s 1-hour time frame which could come into play today. There’s a falling trend line connecting the pair’s recent highs while the 50% Fib is in line with a former support around the 1.3070 area. A...
USD The US dollar had some trouble sustaining its gains recently, despite stronger than expected data from the US. This may have been a result of an improvement in risk sentiment, which helped lift the higher-yielding currencies against the Greenback....
GBP/JPY is on a short-term downtrend based on its 1-hour time frame. The pair has made lower lows and lower highs, forming a falling channel. At the moment, GBP/JPY is in the middle of the channel on its way down. Stochastic is moving lower, although...
USD The US dollar had to take a breather from its recent rallies, as it ended the day mostly lower against its major counterparts. There were no economic reports released from the United States then. For today, durable goods orders data, CB consumer...
There’s a potential retracement on EUR/USD’s 4-hour time frame prior to the release of US data in today’s New York session. The 38.2% Fib is in line with the 1.3200 major psychological resistance level and it was a former support. It could act a...
Dollar bulls kept charging until the end of the week, spurred by the Fed’s recent announcement regarding its plan to reduce bond purchases by the end of the year. There are no reports due from the United States today, which either suggests quiet t...
After breaking above the falling trend line on its 1-hour and 4-hour time frames, USD/CHF has made another signal that a reversal could take place. On its 4-hour time frame, the pair has made an inverse head and shoulders pattern, indicating that the...
USD The U.S. dollar continued its winning streak against its major currency rivals, as the U.S. data came in mostly better than consensus. Both Philly Fed index and the existing home sales report beat expectations, with the manufacturing index...
On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. With today’s set of data from Canada, a strong breakout could be in the works. Canada is set to release its CPI and retail s...
USD The U.S. dollar was the king of the hill in yesterday’s trading as it rallied strongly against its major counterparts. The main reason for the bullish dollar sentiment was the Fed’s announcement during its latest monetary policy statement, whi...
