EURGBP has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows of price action. Price gapped higher over the weekend and is about to test the channel resistance around .8670. The 100 SMA...
USD The US dollar failed to establish a clear direction in recent trading sessions as Congress decided to delay the vote on the healthcare bill. They need 216 votes to gain a simple majority and get Obamacare repealed, but the Freedom Caucus is saying...
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance. A pullback to the channel support at the 1.0750 minor psychological level could take place. The 100 SMA is above...
USD The US dollar sank against its peers as the upcoming vote on the healthcare bill could prove to be a crucial moment for the Trump administration. Equities have been on the decline for the past few days as investors continue to doubt the administration's...
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and the 38.2% retracement level could serve as resistance....
USD The US dollar gave up ground to its counterparts as equity indices closed around 1% lower for the day. Only the current account balance was released and this showed a smaller deficit of $112 billion USD. Existing home sales data is due today and...
GBPUSD has been moving back and forth between support at the 1.2100 major psychological level and resistance at 1.2700. Price just bounced off the floor recently and seems to be setting its sights on the top of the range again. Stochastic is on the move...
USD The dollar regained a bit of ground against its peers even though there were no major reports out of the US economy. Formerly dovish member Evans acknowledged that the economy is doing better and that three rate hikes are possible this year while...
EURAUD looks ready for a downtrend as the pair formed a head and shoulders pattern on its 1-hour time frame. Price has yet to break below the neckline at the 1.3900 area to confirm the potential selloff. The 100 SMA crossed below the longer-term 200...
USD The US dollar continued to retreat against most of its counterparts as traders kept booking profits off their recent long positions in reaction to a less hawkish than expected Fed announcement. There are no major reports due from the US economy...
