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...
EURJPY has been moving sideways on its 4-hour time frame, finding resistance around 127.50 and support at the 122.00 major psychological level. Price is currently testing the bottom of the range, still deciding whether to make a bounce or a break. ...
USD The US dollar retreated to most of its forex peers on downbeat data released yesterday. Headline durable goods orders were up 0.8% versus the projected 1.9% gain while core durable goods orders fell 0.2% instead of showing the estimated 0.6%...
NZDUSD has been trending higher and moving inside an ascending channel on its 4-hour chart. Price is currently bouncing off the channel support around the .6800 major psychological level and might be due for a climb to the resistance at .7050-.7100. ...
USD Dollar pairs were in consolidation due to the lack of top-tier data and positioning ahead of the FOMC statement. New home sales came in weaker than expected with a decline from 519K to 511K. US CB consumer confidence data is due today and...
