GBPAUD has been trending lower on the 4-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price looks ready for another test of this trend line soon and technical indicators are suggesting that the resistance...
USD The US dollar was able to regain ground in recent sessions, even though data from the US came in mixed The ADP non-farm employment change printed a meager 156K gain in hiring versus the projected 205K increase, suggesting a possible downside surprise...
GBPUSD has been trending higher recently, moving above a rising trend line on its 4-hour time frame Price found resistance near the 1.4750 minor psychological level and seems to be in the middle of a correction. Applying the Fibonacci tool on the latest...
USD The US dollar made a strong recovery in recent sessions, although there were no reports out of the US economy then The ADP non-farm employment change report is up for release today and a 205K gain is eyed, slightly higher than the previous 200K...
EURAUD could be in for a reversal from its selloff, as price formed a double bottom pattern on the 4-hour time frame and broke above the neckline Price is trading past the resistance at 1.5100 and could be in for more gains. However, the 100 SMA is below...
USD The US dollar gave up ground to most of its peers when data came in below expectations. The ISM manufacturing PMI slid from 51.8 to 50.8 in April, lower than the estimated drop to 51.6. The employment and prices components showed decent gains but...
NZDUSD has been trending higher on its 4-hour time frame, moving inside an ascending channel patter. Price already bounced off support and is nearing the channel resistance at the .7100 major psychological mark. If this resistance holds, price could...
USD The US dollar chalked up a mixed performance on Friday, as it advanced to the comdolls but gave up ground to the euro, franc, and yen. Data from the US was also mixed, with the core PCE price index and employment cost index coming in line...
EURGBP recently made a break below a rising trend line, indicating that price was in for a reversal. The pair bounced off support around .7735 and seems to be making a correction from its drop. Applying the Fib tool on the latest swing high and...
USD The US dollar gave up more ground to its peers when the US advance GDP turned out to be a disappointment. The economy grew by only 0.5% in the first quarter versus the projected 0.7% expansion. This marks the weakest pace of quarterly growth...
