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...
EURCAD is still moving inside its descending channel visible on the pair's 4-hour time frame. Price is moving closer to the channel resistance around the 1.4450 minor psychological mark and 200 SMA. The 100 SMA appears to be holding as near-term...
USD The US dollar returned some of its recent gains despite mixed data from the US. The trade balance showed a wider than expected deficit of $41.1 billion but the ISM non-manufacturing PMI showed a strong jump from 52.9 to 56.5. The FOMC minutes contained...
EURGBP has gradually been trending higher, moving above a rising trend line visible on its 1-hour time frame. Price might be ready for a pullback towards the support around the .8500 major psychological mark as stochastic is heading south and showing...
USD The US dollar was a big winner in yesterday's London and US sessions thanks to the run in risk aversion. Data from the US economy was actually weaker than expected, with factory orders down 1.0% versus the projected 0.8% drop, but traders...
