GBPUSD’s upward movement from 1.5268 extends to as high as 1.6033. The pair is now facing the resistance of the upper line of the price channel on daily chart, consolidation could be expected over the next several...
Cable has started to show signs of possible weakness. This morning it has started to fall after positing a shooting start on the 4-hour chart. Momentum is diverging widely with price on the daily supporting the bearish...
The GBP/USD pair rose during the session after initially falling on Thursday in order to break above the highs from the previous session. This is a bullish turn of events, and it does look like we are...
The Dollar Index is currently trading flat at the critical support of 81.00 after the Greenback depreciated yesterday across the board especially against the Aussie. The short-term trend is still range bound between 81.00 and 82.10 with...
The GBP/USD pair rose during the session on Wednesday after initially falling. At the end of the session though, we gave up some of the gains in this pair as well. The 1.59 level still looks very...
The Dollar Index is currently trading flat at the critical support of 81.00; most of the FX pairs are trading flat since the Asian session with focus shifting to the ECB interest rate decision and its policies.
The GBP/USD pair attempted to rally on the Tuesday session, but failed at the end of the day to make the gains stick. The candle that was printed for the session formed a shooting star, and this...
The Dollar Index after finding support at 81.00 ranges is currently trading at 81.49 resulting in long liquidation in most of the asset classes especially the benchmark equity index of the Dow Industrials and Nymex Crude. The...
GBP/USD is showing a possible double-top pattern at the highs which is bearish – despite the recent triangle breakout higher. Unfortunately there has not been much follow-through since the break and so I am not as bullish...
The Dollar Index is currently trading near the critical support of 81.00 ranges to currently trade at 81.13 the short-term trend is still range bound between 81.00 and 82.10; only daily close below 81.00 would lead to...
