GBPJPY has been on a steady uptrend and may be due to resume its climb, as a bullish divergence has formed on its 1-hour time frame.
USD
The US dollar recovered ground against most of its major counterparts, despite mixed data from the US economy.
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place.
USD
The US dollar got a strong boost from the FOMC statement, as the Fed shared some details on their exit strategy plans.
An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame.
USD
The US dollar was unable to advance against most of its forex counterparts in yesterday’s trading sessions, as traders eased off their long positions ahead of today’s FOMC statement.
GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest.
USD
The US dollar returned some of its recent wins, as traders continued to reduce their dollar exposure ahead of this week’s FOMC statement.
AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week.
USD
The US dollar regained ground to most of its major counterparts, as traders started positioning ahead of this week’s FOMC statement.