USDCHF has been trending higher recently, moving inside a rising channel visible on its 1-hour and 4-hour charts. Price is currently testing the channel support and could be due for a bounce back to the resistance at the .9950 to 1.0000 area. The...
USD The US dollar regained a bit of ground against its forex peers as risk aversion returned to the markets. Data from the US economy was mixed yesterday, as the Fed Beige Book indicated that most districts saw modest economic growth and a pickup...
EURAUD has been trending lower on its short-term and long-term time frames, but a potential opportunity to catch the downtrend has materialized on the 4-hour chart. Price is bouncing of the descending channel support and might be due for a pullback...
USD The US dollar gave up ground against its forex peers earlier on in the week as risk appetite returned to the markets. However, traders seem to be booking profits off their recent dollar shorts. Data from the US economy came in mixed, as the...
AUDJPY has been on such a strong rally these days but a correction might be due. Price appears to have hit a ceiling at the 80.00 major psychological level and could make a pullback to the Fib levels on the 1-hour time frame. In particular, the...
USD The US dollar regained some ground against its peers when traders dumped their yen holdings in search of other safe-havens. The US labor market conditions index showed an improvement and FOMC member George acknowledged the strong rebound in...
EURNZD is in the middle of pulling back up to the descending channel resistance visible on its 4-hour time frame. Using the Fib tool on the latest swing high and low shows that the 61.8% retracement level lines up with a former support area around...
USD The US dollar regained ground against its forex peers on Friday, thanks to much stronger than expected jobs data. The US economy added 287K jobs in June, outpacing the projected 175K gain, while the previous reading was downgraded from 38K to 11K....
AUDJPY has started to trend higher on its 1-hour time frame, moving inside a rising channel on the short-term chart. Price is currently testing the channel support and might be due for a bounce towards the resistance at the 78.00 major psychological...
USD The US dollar advanced against its forex counterparts when the leading jobs indicators hinted at an upside surprise for the NFP. The ADP non-farm employment change report showed a 172K gain versus the projected 158K increase and the previous 168K...
