USD
The US dollar gapped up against its forex counterparts over the weekend as Yellen’s Jackson Hole testimony turned out to be positive for the currency.
GBPJPY has been moving in an uptrend since mid-March, as price has been trading inside a rising trend channel visible on its 4-hour forex chart. Price has recently tested the channel support and bounced off the 171.00 major psychological level, possibly making its way back to the top of the channel.
USD
The US dollar gave back some of its gains in recent trading, as most traders booked profits off their dollar positions ahead of the Jackson Hole Symposium.
USDCHF has recently broken above strong resistance level at the .9100 major psychological mark. Price has rallied close to the .9150 area before retreating, possibly to make a retest of the broken resistance before heading higher.
USD
The Greenback had a strong run in the latest NY trading session, as the FOMC minutes revealed that policymakers are considering tightening monetary policy sooner than anticipated.
USDCHF looks poised for more upside, as the pair is breaking above an area of interest and neckline of a reversal pattern on its daily time frame. Stochastic is still moving up, indicating buying momentum.
USD
The US dollar surged higher in recent trading as housing data came in much stronger than expected. Building permits jumped from 0.97M to 1.05M while housing starts climbed from 0.95M to 1.09M.
USDJPY has been moving inside a rising channel on its 4-hour forex time frame, with price gearing up to test the top of the range around the 103.50 minor psychological resistance.
USD
The US dollar outpaced its major currency counterparts in yesterday’s trading session as risk aversion extended its stay and traders positioned themselves ahead of the Jackson Hole symposium.
NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom.