USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150 minor psychological level, creating...
USD The US dollar had a mixed performance as it reacted mostly to country-specific events. Data from the US was weaker than expected, as the flash manufacturing PMI slid from 50.8 to 50.5 instead of improving to the projected 51.0 reading, but...
EURAUD has been climbing recently but these rallies could hit a barrier around the top of the descending triangle on its daily time frame. This is located around the 1.5800 major psychological level, with a turn lower likely leading to a drop towards...
USD The US dollar stalled from its rallies earlier in the week, as traders likely lightened up on their holdings ahead of the weekend. There were no major reports out of the US economy then while today has the flash manufacturing PMI on tap. Analysts...
EURGBP recently made a break below the head and shoulders neckline support then dipped to a low of .7650. Price is showing signs of a pullback from the breakout move, possibly retesting the broken neckline around .7750-.7800. Applying the Fib tool...
USD The US dollar seemed tired from its climb as it barely scored gains after some FOMC members reiterated their hawkish stance. Policymakers Fischer and Dudley acknowledged the green shoots in the economy and suggested that the next meeting could still...
GBPAUD has been trending higher on the 1-hour time frame, moving above an ascending trend line connecting the latest lows of price action. Profit-taking seems to have taken place around the 2.0350 minor psychological resistance, opening the possibility...
USD The US dollar chalked up larger gains against its forex rivals when the FOMC minutes confirmed that some members were more optimistic about economic prospects. Some even argued that a June rate hike is likely if the US is able to sustain its growth,...
GBPJPY has formed higher lows and found resistance at the 162.00 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price made a bounce off support around 155.50 earlier on and appears poised to test the triangle...
USD The US dollar regained ground against its forex peers as data from the US economy came in mostly stronger than expected. Headline CPI rose 0.4% versus the 0.3% uptick expected while the core CPI posted the projected 0.2% increase. Industrial...
