EURGBP formed a long-term reversal pattern visible on its daily time frame, signaling that price is done with its climb and that a selloff could be due. The pair is still testing the neckline support at .8400-.8450 at the moment but a break lower...
USD The US dollar was able to rake in some gains even though traders were out on a Presidents' Day holiday yesterday. Futures are pointing to a strong open today and stocks could sustain their gains if earnings come in strong and Trump drops more...
GBPUSD formed lower highs and found support at the 1.2400 major psychological level recently, creating a descending triangle chart pattern. Price just bounced off the resistance and is moving closer to testing support. The pair is also approaching...
USD The US dollar was mostly stronger on Friday but it gave up ground to the Japanese yen. US CB leading index climbed 0.6% versus the 0.5% forecast and the earlier reading. There are no reports due from the US economy today so low liquidity...
USDJPY recently broke above its descending channel visible on the 1-hour time frame, indicating that it's done with its downtrend. Price climbed up to a high of 115.00 before pulling back and applying the Fib tool on its latest swing high and low...
USD The US dollar was still mostly weaker against its peers but it managed to advance against commodity currencies. Data came in stronger than expected but bulls seemed disappointed to find out that Trump still hasn't shared much detail on tax...
EURAUD has been trending lower and has recently broken below support around the 1.3800-1.3850 area. Price has dipped to 1.3725 before showing signs of a correction, and applying the Fib tool on the swing high and low on the 1-hour chart shows that...
USD The US dollar gave back some of its recent gains when Fed head Yellen sounded less upbeat in her second testimony. Traders focused on her remarks about weak business investment and slow productivity, which is dampening wage growth and inflationary...
AUDUSd has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing the resistance at the .7700 major psychological level and might be due for a selloff back to the channel...
USD The US dollar got a boost from Fed Chairperson Yellen's testimony, as she confirmed that a rate hike is possible in their upcoming meetings. Traders took this to mean in their March statement since this comes with a press conference. Yellen downplayed...
