GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal In addition, a complex double bottom pattern has formed and price is currently testing...
USD The US dollar was able to advance against most of its forex peers, except for the British pound. Data from the US was weaker than expected, as its flash manufacturing PMI fell from 51.5 to 50.8 instead of improving to the estimated 51.9 reading....
USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place. However, price has encountered resistance near the 112.00 major psychological level and might...
USD The US dollar was able to hold on to its gains and go for more when risk aversion extended its stay in the financial markets. Data from the US economy came in mixed, as the Philly Fed index fell from 12.4 to -1.6 instead of just dipping to 8.1 while...
AUDUSD has been trending higher and moving inside an ascending channel on its 4-hour time frame. However, price is currently testing the resistance around the .7900 major psychological level and might be due for a test of support at .7700. AUDUSD has...
USD The US dollar managed to take a break from its dive in yesterday's sessions, as risk aversion returned to the markets. Data from the US also came in stronger than expected, with existing home sales up from 5.07M to 5.33M. For today, the Philly Fed...
NZDUSD has been trending higher recently, moving above an ascending trend line on its 4-hour time frame. Price found resistance around the .7050 minor psychological level and might be due for another test of the trend line. Applying the Fib tool on the...
USD The US dollar continued to lose ground against its forex peers as data came in weaker than expected again. Building permits and housing starts both declined and fell short of estimates while today has the exiting home sales report due. EUR...
GBPUSD has been moving sideways on its 4-hour chart, bouncing off support at the 1.4050 minor psychological mark and finding resistance at the 1.4450 minor psychological level. Price is gearing up for a test of resistance once more. GBPUSD has been moving...
USD The US dollar returned most of its recent wins when risk appetite returned to the markets in the latter trading sessions. There have been no reports out of the US economy yesterday while today has building permits and housing starts lined up. EUR...
