GBPUSD made a strong bounce after PM May's Brexit speech in the latest London trading session, allowing price to recover off the 1.2000 lows and create a reversal formation. A double bottom can be seen on the 4-hour chart with the neckline at 1.2700. ...
USD Most dollar pairs were trading sideways as US traders were off on the Martin Luther King Day holiday. Traders are set to return to their desks today but only the Empire State manufacturing index is up for release, along with a speech by FOMC member...
EURJPY has been trending lower on its daily time frame, moving inside a descending channel formation and currently testing the resistance. Applying the Fib tool on the latest swing high and low also shows that the channel resistance lines up with...
USD The US dollar was off to a strong start this week on risk-off vibes in the markets. Traders seem to be shrugging off the impact of Trump's first press conference but are still wary ahead of the inauguration later this week. US reports were mixed,...
EURUSD continues to tread higher, moving inside an ascending channel visible on its 1-hour time frame. Price is just testing the resistance and could be due for a pullback to support before heading further north. The 100 SMA is above the longer-term...
USD The US dollar continued to slide as investors priced in concerns about the Trump presidency. Economic data was better than expected while FOMC voting members reaffirmed their rate hike time line and mostly upbeat assessment of the economy. US retail...
EURAUD continues to trade sideways, moving between support at the 1.4150 minor psychological level and resistance at the 1.4500 mark. Price is currently testing the bottom of the range and could be due for a bounce back to the top soon. The 100...
USD The US dollar staged a sudden selloff when President-elect Trump delivered his first press conference during which he focused on a number of issues such as Russia's election hack, drug overpricing, and Mexico's automobile industry among many others...
EURJPY had been trading between support at the 121.70 area and resistance at 123.75. Price seems to be breaking below support at the moment and could be gearing up for a longer-term selloff. Note that the range is approximately 200 pips in height so...
USD The dollar had a mixed performance as economic data did very little to provide strong direction. JOLTS job openings came in at 5.52M, up from the downgraded 5.45M reading in October but short of the estimated 5.59M figure. The NFIB small business...
