USD The US dollar returned some of its recent gains last Friday when the US advanced GDP reading came in below expectations. The economy showed a 2.6% growth figure for Q4 2014, lower than the projected 3.0% expansion and the previous 5.0% GDP....
EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00. Price has just bounced off support at the bottom of the range and may be due for a test of the resistance once more....
USD The US dollar was able to advance against most of its forex counterparts when risk aversion extended its stay in the currency market. Traders are also increasing their long dollar bets after the FOMC retained its hawkish bias earlier this...
USDJPY has been trading inside a descending triangle pattern on its 4-hour time frame, with price hovering around the resistance. Stochastic is still pointing up, which means that buying pressure is present and that an upside break is possible....
USD The US dollar regained ground against its forex rivals when the FOMC sounded a little more upbeat than usual. The Fed decided to drop the “considerable time” wording completely and emphasized that they “can be patient” in looking at policy ...
EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. Price is currently testing the neckline around the 1.5400 major psychological resistance and may make an upside break. If that h...
USD The US dollar gave up ground to its major counterparts in recent trading, as traders booked profits off their trades ahead of the FOMC statement today. Data from the US was mixed, with the CB consumer confidence figure improving from 93.1...
AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week. Price appears to be making a pullback to the area of interest, which lines up with the 50%...
USD The US dollar regained a bit of ground against the yen but gave up some of its wins to the euro and the pound. There have been no top-tier releases from the US economy at the start of the week, which explains the Greenback’s mixed price a...
USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level. Price is now on its way to test the top of the range around the 118.25 mark and may be due south if it holds as resistance. However, it looks l...
