Browsing Tag

Dollar

USD/CHF Bears are Winning

On the daily chart, USD/CHF failed to overcome resistance at 0.9765. This points at buyer’s weakness. If bears manage to settle above 0.9650 and trigger Gartley pattern, risks of decline towards the lower border of the downtrend channel…

GBP/USD Triple Bottom Pattern

We've got a "Triple Bottom" pattern, which has been confirmed on the GBP/USD currency pair. It's likely that bears are going to achieve the closest support at 1.2853 in the short term. However, if a pullback from this level happens, bulls…

USD At A Crossroads This Week

After the US Jobs Report outcomes, which came in much better than expected, estimates were rising that the Federal Reserve will still be able to raise the Fed Fund Rate in September and probably in December. Such outcomes and the notable…