The GBP/USD pair is facing heavy downward pressure this Tuesday morning, trading near 1.3332. This drop comes on the heels of exceptionally strong U.S. labor data, which has shifted short-term market sentiment firmly in favor of the dollar. Recent...
AUD/USD is showing a clear bearish trend after failing to hold above the 0.7180–0.7190 resistance area. The pair has been making lower highs and lower lows, which is a classic sign that sellers remain in control of the market. I can see that price...
EURNZD MARKET OUTLOOK EURNZD 1H is trading at 1.98684, up 0.08% on the session, and testing the top of a rising wedge after a strong rally from the 1.9450 low on the 29th. Price has printed higher highs and higher lows along the rising blue...
The EUR/USD M5 chart shows a market that is currently moving in a short-term bearish-to-neutral phase after failing to maintain its earlier bullish momentum. At the beginning of the session, buyers were strong and pushed the price higher toward the...
The Eurozone Trapdoor: EUR/USD Teetering at the 1.1510 Channel Floor Following Stellar US NFP Outperformance The EUR/USD currency cross staged a modest, highly corrective bounce during Monday's Asian trading session, stabilizing around the 1.1530...
