GBPUSD seems to be tired from its dive, as the pair formed a reversal pattern on its longer-term charts. Price failed in its last two attempts to break below the 1.1975 area, creating a double bottom formation with the neckline at 1.2750. A break...
USD The US dollar failed to benefit from the strong rallies in equities, even as the Dow 30 index surged past the 20K mark. Risk appetite appears to be returning and shoring up demand for higher-yielding currencies. Only the crude oil inventories...
EURUSD has been trending higher but slowly consolidating inside a rising wedge formation visible on the 1-hour and 4-hour charts. This signals that a breakout in either direction could take place soon as price is approaching the peak of its formation....
USD The US dollar regained some ground in recent trading as data came in mostly stronger than expected and the S&P 500 index reached record highs. The flash manufacturing PMI rose from 54.3 to 55.1, higher than the projected 54.6 figure, while the Richmond...
EURGBP recently broke to the upside from an ascending triangle formation and zoomed up to a high of .8850. From there, price showed signs of a correction to the broken triangle resistance at the .8520 area. Applying the Fib tool on the latest...
USD The US dollar was still a big loser in recent sessions as traders seemed hesitant to bet on the economy with Trump taking the lead. The new President has signed an executive order quitting TPP and halting federal hiring while discussing his...
USDJPY is trending lower on its 1-hour time frame, moving inside a descending channel and approaching support at the 111.50-111.75 area. A bounce off this area could take price back up to the channel resistance around the 114.00 major psychological level. ...
USD The US dollar continued to edge down against its counterparts even after Trump's inauguration, as investors remained wary of fiscal policy plans and changes in trade relations. After all, Trump did say that he plans on renegotiating NAFTA...
The 1.0400 handle seems to be holding as a long-term floor for EURUSD once more, as price bounced off this area and might now be headed back to the top of its range around 1.1500. This range has held since February last year and might continue to do...
USD The US dollar failed to establish a clear direction in recent trading as it initially rallied on upbeat data but soon gave up its intraday gains. The Philly Fed index, initial jobless claims, and housing starts figures came in better than...
