A classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame, indicating that the recent selloff is almost over. However, the pair has yet to make a break above the neckline of the formation before a...
Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has...
USD/JPY recently broke below the 102.00 major psychological support level and dipped below the 101.00 mark this week. However, with stochastic reaching the oversold region and crossing upwards, dollar bulls may be back in action for the...
The bottom of USD/CHF’s channel held last week, as risk aversion was still present in the trading markets. The pair is currently moving towards the middle of the channel, which might act as medium-term resistance. Take note...
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom...
The RBNZ decided to keep interest rates unchanged at 2.50%, much to the disappointment of Kiwi bulls expecting to see policy tightening. The pair sold off after the event but might be due to find support at...
USD/CHF seems to be on the start of an uptrend on its 1-hour time frame, as a rising channel is beginning to form. The pair just found support at the bottom near the .8950 minor psychological level...
AUD/JPY recently made a sharp selloff on global growth concerns and risk aversion but the pair seems ready to make a quick retracement. On the 4-hour time frame, the 61.8% Fibonacci retracement level of the latest swing...
AUD/USD suffered a sharp selloff towards the end of last week, when the world economic leaders in Davos confirmed that a slowdown is in the cards for the emerging nations. It didn’t help that China also printed...
GBP/JPY has made a stellar rally in the past few trading days, thanks to improved fundamentals in the UK. However, yesterday’s yen strength triggered a sharp selloff, which could simply be a retracement for this pair. Right...
