GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around...
USD The US dollar had a mixed performance since there were no major catalysts from the US economy yesterday. Only the Fed labor market conditions index was printed and it reflected the first positive reading for the year, assuring market watchers that...
EURAUD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting its latest highs. Price is currently testing this resistance area, which lines up with the 61.8% Fibonacci retracement level on the latest swing...
USD The US dollar popped higher on Friday, thanks to stronger than expected NFP data. The economy added 255K jobs in July versus the projected 180K increase. In addition, the June figure was upgraded from 287K to 292K but the jobless rate was unchanged...
USDCAD is still trending higher, moving inside the ascending channel on its 4-hour time frame. Price just bounced off support and could be due for another test of resistance once it moves past the mid-channel area of interest. The 100 SMA is above the...
USD The US dollar had a mixed performance as it advanced against the European currencies but was mostly weaker against the commodity currencies. Data from the US economy was also mixed, as initial jobless claims stood at 269K versus the projected...
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...
