The dollar seems to have retreated from its rallies at the start of this week, as traders may have booked profits off key inflection points for the major pairs. USD/CAD, in particular, has found resistance at the...
Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the...
GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair...
Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and...
NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market. This was followed by the Fed’s release of their plans to exit monetary policy easing by gradually reducing their...
GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support...
After several failed attempts in the past few months, AUD/USD finally made a convincing break below the 1.0200 major psychological level in yesterday’s trading.
NZD/USD just broke below the .8500 major psychological support level recently, mostly because of the downturn in risk appetite. The recent speech by RBNZ Governor Graeme Wheeler also revealed that the central bank actually secretly intervened in...
EUR/USD is slowly edging closer and closer to the 1.3000 major psychological support again as the pair has formed lower highs on its 1-hour chart. In fact, it has created a descending triangle pattern on the...
