USD: Bullish Weekend gaps on most dollar pairs seem to have been filled at the moment, except for the large one on EUR/USD.  Risk is off in the markets at the moment as equities have been sliding and higher-yielding assets are selling off, suggesting...

After its strong rally towards the end of last week, GBP/USD consolidated tightly in a pennant formation during yesterday’s trading.  This is most likely because traders are awaiting the release of top-tier British data within the week. For today, t...

USD: Bearish Several weekend gaps were made after the short squeeze took place last week as most major currency pairs opened right where they were prior to the profit-taking on Thursday and Friday.  This presents an opportunity for weekend gaps...

EUR/USD made a huge gap down from the 1.3100 area to below 1.3000 over the weekend.  The sudden rally that took place during the last two trading days of the previous week can be explained by a quick short squeeze as traders decided to book profits...

USD: Neutral The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD. It seems that the selloffs are no longer able to carry on and most traders s...

After yesterday’s short squeeze on EUR/USD, which pushed the pair back above the 1.3000 major psychological support level, many are wondering if the rally of this pair would actually last.  It seems that it could find resistance at the top of t...