NZDUSD has been trending higher on its longer-term time frames but it appears to have hit a major road bump at the top of its ascending channel. The resistance around .7300 appears to have held and price is setting its sights back on the support...
USD The US dollar gave up more ground in recent trading sessions as risk appetite appeared to improve. Data from the US came in line with expectations as existing home sales were up 5.53 million. Fed head Yellen didn't have much to add to her...
EURUSD seems to have bullish momentum on its side at the moment, as price is moving inside an ascending channel and bouncing off support. A test of the channel resistance at 1.1600 could be underway but there's nearby resistance at the top of a...
USD The US dollar regained ground against its peers despite mixed remarks from Fed Chairperson Yellen. She reiterated the need for a cautious approach in tightening, citing that policymakers will keep close tabs on jobs data to see if the slowdown...
EURAUD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel support and might be due for a bounce back to the resistance at the 1.5200 major psychological level. The...
USD The US dollar was mostly weaker against its rivals as risk appetite stayed in the markets for the most part of the day. There were no reports out of the US economy, leaving traders to react to risk sentiment. Fed head Yellen has a speech scheduled...
GBPUSD gapped up over the weekend and carried on with its bullish run on Monday, bringing price up to the resistance at the 1.4700 major psychological mark. This level has held as a strong area of interest in the past and might continue to do so. ...
USD The US dollar gave up ground to its counterparts and gapped down over the weekend as risk appetite appeared to pick up. Data from the US economy came in line with expectations on Friday and there are no major reports up for release today, keeping...
GBPJPY recently broke below support around the 153.50 to 154.00 levels and dipped to a low of 145.50. From there, price showed signs of a correction and applying the Fib tool on the latest swing high and low shows that the 50% level is close to...
USD The US dollar returned some of its recent wins when risk appetite appeared to return in the markets. Data from the US came in mixed, with the Philly Fed index showing a stronger than expected return to expansion and the initial jobless claims...
