GBP/USD just broke below the long-term support at 1.5350 and the next area of support is around 1.5000 then at 1.4300. The pound has been selling off aggressively lately as the United Kingdom has been printing weak...
USD: Bullish The U.S. dollar could be in for a bit of consolidation against its major currency counterparts until the big reports are released during the New York session.
NZD/USD’s uptrend is still intact as the rising channel on the 4-hour chart seems to be holding. The pair just tested the top of the channel last week when New Zealand released stronger than expected quarterly retail...
USD: Bullish Liquidity was a little low at the start of the week so price action was limited. Now that U.S. traders are back from their President’s Day holiday, we might see bigger moves across the charts...
EUR/USD has been trading cautiously so far as the pair is currently consolidating into a pennant on the 4-hour time frame. With the euro zone printing weaker than expected GDP for Q4 2012 and consequently getting buried...
USD: Bullish The U.S. dollar gapped higher against most of its major counterparts over the weekend as traders were relieved to see the results of the recently concluded G20 Summit. As it turns out, the G20 leaders...
Weak fundamentals have been weighing on the pound for the past few days as the odds are tilted towards further monetary policy easing from the BOE. GBP/USD is consolidating around the 1.5500 handle at the moment but...
EUR/JPY just formed a complex head and shoulders pattern or a triple-top on the 4-hour time frame. The pair is currently testing the neckline while stochastic is in the oversold region, which means that it could consolidate...
