EURUSD has formed lower highs and found support at the 1.1130 area, creating a descending triangle formation on its 4-hour chart. Price is currently testing the triangle resistance and might be due for a drop back towards support. The 100 SMA is below...
USD The US dollar was barely able to take advantage of the risk-off moves in the market and the slightly stronger than expected US new home sales report. Traders seemed hesitant to hold on to the currency ahead of today's first set of US presidential...
NZDUSD was previously trading inside an ascending channel formation before making a downside break and hitting a low of .7220. From there, price showed signs of a pullback and looks ready to make a retest of the broken channel support at the .7300 major...
USD The US dollar was unable to hold on to its gains on Friday, as traders were disappointed to see the US flash manufacturing PMI fall from 52.0 to 51.4 instead of rising to 52.1. The new home sales report is due today and a drop from 658K to...
AUDUSD is starting to trend lower, forming a descending channel pattern on its 4-hour time frame. Price is currently testing the resistance near the .7650 minor psychological level and could be due to resume its drop to the channel support at .7450. ...
USD Economic data from the US came in mixed and the Greenback failed to establish a clear direction as well. Initial jobless claims and HPI beat expectations while existing home sales and the CB leading index fell short, leaving traders in limbo...
EURJPY recently broke below support around the 114.00 major psychological level then dipped close to the 112.00 mark before pulling up. Applying the Fib tool on the latest swing high and low shows that this broken support and area of interest is...
USD The US dollar gave up ground when bulls were disappointed to find out that the Fed still kept interest rates at Still, Fed officials kept the door open for a December hike by highlighting the improvements in hiring and spending, explaining that the...
USDJPY suffered a sharp selloff after the BOJ and FOMC policy decisions. Price is now moving close to the bottom of its descending triangle pattern visible on the 4-hour time frame. Another bounce off the 100.00 major psychological mark could lead to...
USD The US dollar had a mixed performance as traders refrained from pushing it in a general direction ahead of today's FOMC statement. Building permits and housing starts fell short of expectations but analysts remarked that this could just be...