EURGBP is trending higher on its 1-hour time frame, moving inside an ascending channel and signaling a possible upside break. Price has formed a bullish flag on the channel resistance at the .8475 area, with an upside breakout likely to start a sharper...
USD The US dollar regained ground against its forex counterparts, thanks to slightly stronger data. The final services PMI was upgraded from 50.9 to 51.4 to indicate a faster pace of expansion than initially reported. However, the ISM non-manufacturing...
EURUSD has been trending lower on its 4-hour time frame, moving inside a descending channel and currently testing the resistance. If this area keeps gains in check, price could head back to the channel support at the 1.0850 minor psychological level. ...
USD The US dollar lost a lot of ground to its forex peers in the New York trading session as risk appetite seemed to improve. Data from the US economy came in mixed, with personal income falling short of consensus and personal spending posting a slightly...
GBPUSD was previously consolidating inside a symmetrical triangle pattern on its 1-hour time frame before price decided to go for an upside breakout. This signals that buyers are taking control of price action and are ready to push for more gains. The...
USD The US dollar managed to score gains against the comdolls on weaker oil prices and rate cut expectations. Data from the US economy was weaker than expected, as the ISM manufacturing PMI slipped from 53.2 to 52.6 versus the projected dip to 53.1....
EURJPY has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price seems to be finding support at the bottom of the channel and could be due for another test of resistance. Applying the Fib tool on the latest...
USD The US dollar gave up a lot of ground on Friday when its Q2 advanced GDP reading came in far below expectations. The report showed that the US economy grew by only 1.2% versus the projected 2.6% expansion, just slightly higher than the earlier 1.1%...
GBPJPY has been trending lower on its 1-hour time frame, moving inside a descending channel. Price is testing support at the 135.00 major psychological level, which could keep losses in check for now. If so, the pair could climb back up to the channel...
USD The US dollar regained ground against its forex peers as risk aversion returned to the financial markets. Data from the US economy was slightly weaker than expected as the initial jobless claims landed at 266K versus the 261K forecast. The...
