AUDNZD broke past the resistance around the 1.1000 major psychological level last month then zoomed up to the 1.1300 levels before showing signs of a pullback. Applying the Fib tool on the latest swing high and low on the daily time frame shows that...
USD The US dollar had a mixed performance as it functioned as a counter currency due to the lack of top-tier data. Factory orders turned out weaker than expected with a 1.7% decline versus the projected 1.5% fall while the labor market conditions index...
NZDUSD has slowly been trending higher, moving inside an ascending channel formation on its 4-hour chart. Price just bounced off the channel resistance at the .6950 minor psychological level and is due to test support at .6700-.6750 soon. This support...
USD The US dollar got a boost from stronger than expected NFP data last Friday, as the economy added 215K jobs versus the expected 206K increase. While the jobless rate rose from 4.9% to 5.0% this was mostly a result of a larger labor force participation...
AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel visible on the 1-hour and 4-hour charts. Price is currently testing the top of the channel around the .7700 major psychological level and might be due for...
USD The US dollar had a volatile run as it initially sold off but was able to recoup its losses later on. Data from the US economy came in mixed, with initial jobless claims slightly missing expectations and the Chicago PMI coming in above consensus....
EURGBP has formed higher lows and found resistance at the .7900 area, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance at the moment and an upside breakout seems imminent. ...
USD The US dollar got back on its feet recently, buoyed by stronger than expected ADP jobs data for March. According to the agency, the US economy added 200K versus the estimated 195K positions in March, setting the tone for a potential upside...
EURJPY has been on a long-term downtrend, moving below a descending trend line on its daily time frame. Price looks ready for another test of the resistance area, which is around the Fib levels based on the latest swing high and low. In particular,...
USD The US dollar returned some of its recent gains when Fed Chairperson Yellen sounded extra cautious in her latest speech. She noted that more caution is warranted if the Fed should tighten monetary policy and that they have a range of tools left...
