EURAUD has been selling off recently but could be due for a bounce as price is nearing the bottom of the range on its 1-hour time frame. If the bottom of the range at the 1.4550 minor psychological support keeps losses in check, the pair could...
USD The US dollar resumed its climb against its peers during the US session even as traders were out for the holiday. Only low-tier reports such as the NFIB Small Business Index and labor market conditions index are due from the US today, although strong...
USDCAD has formed higher lows and higher highs, creating a rising wedge formation visible on its 4-hour chart. Price is currently testing the wedge support at 1.3185 and could be due for a breakout soon. If support holds, price could head back...
USD The US dollar gave back some of its recent gains when the NFP reading missed expectations. The actual figure landed at 156K versus the 171K consensus but the previous reading was upgraded from 151K to 167K. Average hourly earnings rose 0.2% as expected,...
EURAUD was recently in a downtrend before price formed an inverse head and shoulders pattern on its 1-hour time frame. Price has yet to break past the formation's neckline around the 1.4775 level before confirming the potential reversal. The 100 SMA...
USD The Greenback managed to squeeze out more gains on Thursday as medium-tier jobs data came in strong. Initial jobless claims stood at 249K versus the estimated 255K figure and the earlier 254K reading. Challenger job cuts showed a larger 24.7% fall...
USDJPY recently broke outside its descending triangle pattern visible on the 4-hour time frame. Price found resistance around the 104.00 handle and might be ready for a pullback to the broken triangle resistance at the 101.50 minor psychological level....
USD The Greenback was able to squeeze out more gains after US data came in mostly upbeat. The ISM non-manufacturing PMI jumped from 51.4 to 57.1, higher than the consensus at 53.1, and indicated a strong gain in its jobs component. However, the ADP...
GBPAUD has been selling off but is currently finding support at the bottom of its descending channel on the 4-hour time frame. The 1.6700 handle seems to be keeping losses in check and if it continues to do so, price could bounce back to the top of the...
USD The US dollar continued to advance against its peers even though there were no major reports out of the US economy. News that the ECB could be ready to taper its QE program before its conclusion drove risk aversion back in the markets...
