USD
The US dollar consolidated against most of its FX trading rivals in recent sessions, as data from the economy came in mixed.
USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held.
USD
The US dollar was able to advance against some of its counterparts yesterday but gave up most of its recent gains in today’s Asian trading session.
GBPAUD has been forming higher lows, creating an uptrend on its 4-hour time frame.
USD
The US dollar took advantage of the run in risk aversion earlier on in the day, as traders started to accept the idea that Greece might default on its loans.
EURAUD formed a double top pattern on its 4-hour chart recently, signaling that price is exhausted from its climb.
USD
The US dollar was able to recover in recent trading, as risk aversion seemed to be present in the markets.
EURUSD has been consolidating inside a rising wedge pattern for the past few weeks and is recently showing signs of a breakdown.
USD
The US dollar regained a bit of ground against its rivals on Friday, as traders booked profits ahead of the weekend.
EURCHF is trending higher on its 4-hour time frame, with price testing support at the bottom of the rising channel around the 1.0400 major psychological level.