USDJPY has been moving inside a rising channel on its 4-hour forex time frame, with price gearing up to test the top of the range around the 103.50 minor psychological resistance. Stochastic is already in the overbought...
NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom. The channel support...
EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up...
USD The US dollar had a mixed performance as it advanced to the euro but gave up some of its gains against the comdolls then consolidated to the pound. Data from the US simply came in line...
EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving...
USD The US dollar got back on its feet and was able to advance against its forex counterparts, despite weaker than expected US retail sales. The headline figure showed a flat reading for July while the core...
The euro zone is set to release its GDP readings for the second quarter of the year and is widely expected to show disappointments, possibly a chance to hop in a euro short trade. EUR/JPY is currently...
USD The US dollar returned some of its recent gains when data came in weaker than expected. The JOLTS job openings report marked a 4.67M gain, lower than the estimated 4.74M increase. Meanwhile, the NFIB small business...
GBPUSD has been on a downtrend ever since the BOE showed a bit of hesitation when it comes to tightening monetary policy by the end of the year. Price has broken below a support area around the...
USD The US dollar had a good trading day as it rallied against most of its major counterparts in recent trading. Risk appetite was weak recently while US data came in stronger than expected. The ISM non-manufacturing...
