NZDJPY has been edging higher recently, pulling up from its sharp dive. Using the Fib tool on the latest swing high and low on the daily time frame shows that price is currently testing the 50% retracement level, which lines up with a broken long-term...
USD The US dollar gave up some ground but managed to pare some of its losses as risk appetite stayed in the markets. Data from the US came in line with expectations, as the core PCE price index was up 0.2% as expected while personal spending rose 0.4%...
USDCAD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its daily time frame. Price is just coming off a test of the triangle resistance and looks ready to make a test of support around the 1.2800 major psychological...
USD The US dollar regained a bit of ground in the past few hours as the recovery in risk appetite failed to gain much traction. The final US GDP reading for the first quarter of the year was upgraded from 0.8% to 1.1%, higher than the forecast at 1.0%....
AUDNZD confirmed a long-term reversal pattern, breaking below the neckline of its double top formation on the daily time frame. This signals that price could fall by around 800 pips, which is the same height as the chart pattern. The 100 SMA is below...
USD The US dollar gapped up against most of its counterparts on Monday as risk aversion kicked into high gear. However, a lot of consolidation was seen for most dollar pairs as market participants waited for more clues. Data from the US economy was...
EURCAD has been trending lower on its 4-hour time frame, moving inside a descending channel. Price just bounced off support and might be due for a test of resistance at the 1.4500 major psychological level. The 100 SMA is below the 200 SMA so it's likely...
USD The US dollar drew a lot of support on Friday after the EU referendum results were announced, as the Brexit inspired risk-off moves. Data from the US economy was actually weaker than expected then, with durable goods orders falling short of...
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the first half of 2015 before the Chinese...
USD The US dollar scored strong gains on the heels of the EU referendum and better than expected US economic data. Both the initial jobless claims and flash manufacturing PMI beat expectations while new home sales fell short. Durable goods orders...
