EURJPY has formed lower highs and found support at 122.25, creating a descending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance, still deciding whether to make a bounce or a break. The 100 SMA...
USD The US dollar gave up ground to its forex counterparts as there were no major reports to give it any support yesterday. Initial jobless claims and import prices data are up for release today, along with speeches from FOMC member Rosengren...
AUDUSD recently broke above a double bottom neckline, signaling that a long-term uptrend might take place. Price reached a high of .7830 before showing signs of a correction. Applying the Fibonacci retracement tool on the latest swing high and...
USD The US dollar gave up ground to the commodity currencies but was able to hold steady against the euro and the yen. Medium-tier reports from the US economy turned out stronger than expected, as JOLTS job openings gained while the NFIB Small...
NZDUSD recently broke below a long-term rising trend line, indicating that the previous uptrend might already be over. Price also formed a double top reversal pattern and broke below the neckline, adding confirmation that a downtrend could take...
USD The US dollar was slightly higher against its peers, as traders flocked back to the US currency when Japanese officials began jawboning again. US labor market conditions index improved from -2.1 to -0.9. US JOLTS job openings and wholesale inventories...
NZDUSD has formed a double top pattern on its 4-hour chart, signaling that a reversal from the previous uptrend might take place. Price just broke below the neckline around the .6800 major psychological level, which confirms that the downtrend is starting. ...
USD The US dollar lost some ground to its forex counterparts on Friday when the NFP reading missed expectations. The economy added only 160K jobs in April versus the estimated 203K gain while previous readings were also downgraded. Only the labor market...
AUDUSD has been selling off in the past weeks but is currently finding support at the 50% Fibonacci retracement level on the 4-hour time frame. This lines up with an area of interest or former resistance around the .7300 major psychological mark. AUDUSD...
USD Dollar pairs were mostly stuck in consolidation in the US trading session as traders probably lightened their positions ahead of the NFP release Challenger job cuts increased 5.8% year-over-year or by 65K, a slower pace compared to the previous...
