USD The US dollar is off to a strong start this week after ending higher against most of its forex counterparts last week. Risk aversion is still present in the financial markets, supporting the US dollar along with the renewal of the Fed’s h...
NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart. This lines up with a broken support level and is close to the .7600 major psychological handle. If...
USD The US dollar staged a strong rally against its forex counterparts when a couple of Fed officials gave a hawkish bias in their recent testimonies. Market watchers are back to pricing in the possibility of a Fed rate hike in June, although...
GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower lows while price drew higher...
USD The US dollar struggled to hold its ground in recent trading, as data came in stronger than expected. New home sales picked up by 481K versus the projected 471K gain. In her semi-annual testimony in front of Congress, Fed Chairperson Yellen...
AUDJPY recently made a strong break past the 93.50 minor psychological resistance then zoomed up to the 94.00 handle. From there, the pair retreated and started to make a forex correction to the Fib levels marked on the 1-hour time frame. The 38.2%...
USD The US dollar suffered a sudden selloff in yesterday’s New York trading session, as Fed head Janet Yellen’s testimony forced market participants to push back rate hike expectations. She pointed out that the Fed would change its forward gui...
GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart. At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are in control of price action....
USD The US dollar regained ground on risk aversion in yesterday’s trading sessions, as there have been no positive updates on the Greek debt negotiations so far. Although a four-month extension has been granted, EU officials have yet to approve t...
USDCAD is still stuck inside the descending triangle forex pattern on its 1-hour chart, as price just bounced off the bottom and is now testing the resistance. The top of the triangle at the 1.2600 major psychological level seems to be keeping...
