EURUSD has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Price is approaching the peak of the formation so a breakout could be due soon. Note that the chart pattern spans 1.2150 to 1.2550 so the resulting...
USD The dollar drew some support during the release of the FOMC minutes, which turned out more hawkish than expected. Fed policymakers agreed that gradual rate hikes should be maintained as the economic outlook has improved in recent months and annual...
AUDUSD is trending lower on its 4-hour time frame and is currently on its way to the resistance. Applying the Fib retracement tool on the swing high and low shows that this lines up with the 50% correction level around .7800. The 100 SMA is below the...
USD The dollar drew some support to its lower-yielding rivals but caved to comdoll strength on signs of cooling tensions between China and the US. PPI figures beat expectations at 0.3% gains for both the core and headline figure, spurring positive expectations...
EURAUD could be due for a downtrend as a head and shoulders pattern has formed on its 4-hour chart. Price has yet to break below the neckline at 1.5900 to confirm the potential drop. The 100 SMA is above the longer-term 200 SMA to signal...
USD The US dollar staged a strong rally when risk-off vibes returned on trade war jitters. However it was still weaker compared to the Japanese yen. Data was mostly in line with expectations, although the flash services PMI missed the consensus....
GBPUSD has been trending higher on its short-term time frames inside an ascending channel. Price has surged past the resistance to signal that a steeper climb is underway, but a pullback is currently taking place. Applying the Fibonacci retracement tool...
USD The US dollar started sliding ahead of the FOMC statement and, save for a brief spike higher, resumed its drop until the end of the session. Although the Fed hiked interest rates by 0.25% as expected in their latest policy statement, dollar bulls...
USDJPY is still inside its triangle consolidation pattern and is testing support at the 105.60 level. A bounce from this area could lead to another test of resistance at 106.30 or a break higher. However, the 100 SMA is below the longer-term 200...
USD The US dollar is slightly higher against its counterparts as traders appear to be pricing in positive expectations for the FOMC decision. There were no reports out of the US economy yesterday. A rate hike of 0.25% is widely expected, so traders...