The USDCHF is trading near session lows after breaking below its 100-hour moving average at 0.82758. That break gave sellers the technical go-ahead to push lower, with the decline extending to 0.8257, right at the 200-hour moving average. The price has since edged back to around 0.8262, leaving traders with a clearly defined battle between […]

EUR/USD resumed its decline even before the ECB and Fed meetings, before the inflation releases from Germany and the United States, and before the GDP reports from Germany, the European Union, and the United States. It is worth recalling that the previous bearish advance lasted a full 25 trading days, during which the euro lost

The NZDUSD has moved higher on four of five trading days this week, giving buyers something to build on after a sharp decline from the August high. The recovery has included a failed break below the rising 100-hour moving average and two successful tests of that moving average today. Those are encouraging developments for the

The GBP/USD pair began rising after taking liquidity from the latest bearish swing and has since gained 260 points. The pound posted solid gains for five consecutive days, invalidating Imbalance 30. This is the first step toward the formation of a bullish trend. In addition, a bullish Order Block and bullish Imbalance 31 have formed.