GBPUSD has been trending higher on its 1-hour chart, moving inside an ascending channel and testing the resistance. If the ceiling holds for now, price could pull back to the channel support before resuming its climb. Applying the Fib tool...
USD The US dollar barely made any headway on Monday as US traders were off enjoying the Labor Day holiday. The ISM non-manufacturing PMI is due today and a drop from 55.5 to 55.4 is expected, likely reflecting a slowdown in the jobs component...
EURAUD seems to be trading inside a range these days, finding support at the 1.4500 major psychological mark and resistance at 1.4850. Price bounced off the top of the range and seems to have its sights set on the bottom once more. The 100...
USD The US dollar returned a lot of its recent gains to its counterparts when the NFP reading turned out weaker than expected. The economy added 151K jobs in August, lower than the projected 180K figure, but the previous reading was...
GBPJPY could be due for a long-term reversal, as price formed a double bottom pattern on its 4-hour chart. The pair failed in its last two attempts to break below the 129.00 area and is on its way to test the neckline at the 141.00 mark. A break above...
USD The US dollar gave up a lot of ground in the previous US session when the ISM manufacturing PMI printed dismal results. The reading slipped from 52.6 to 49.4 to indicate industry contraction, lower than the estimated fall to 52.0. The jobs component...
USDCAD has been on a strong rally but seems to be encountering resistance near the 1.3150 minor psychological level, opening the opportunity for a pullback. Applying the Fib tool on the latest swing low and high on the 1-hour time frame shows that the...
USD The US dollar slowed down from its climb after data came in mixed. The ADP report printed a 177K increase in hiring for August, higher than the projected 174K figure. The July figure was upgraded to show a 194K increase from the initially reported...
GBPUSD might be tired from its climb as price seems to be forming a head and shoulders pattern on its 1-hour time frame. The pair has yet to complete the right shoulder if the short-term Fib levels keep gains in check. In particular, price could find...
USD The US dollar regained ground against its forex rivals in recent trading as data beat expectations. The CB consumer confidence index rose from 96.7 to 101.1 in August to reflect stronger optimism and hint at higher spending down the line....
