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...
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...
