EURJPY recently formed a reversal pattern on its 1-hour time frame, signaling that an uptrend might take place. Price just broke above the double bottom neckline at 125.00, confirming that further gains are in the cards. The 100 SMA is crossing above...
USD The US dollar gave up more ground against its peers when data came in weaker than expected. Initial jobless claims stood at 278K versus the expected 271K figure while both non-farm productivity and unit labor costs saw downgrades. The ISM non-manufacturing...
NZDUSD has slowly been trending higher, moving inside an ascending channel visible on its 1-hour time frame. Price just bounced off support and is making its way to the top for a potential test of resistance. If this ceiling holds, price could make its...
USD The US dollar weakened against most of its peers even though data from the US economy came in strong. Risk appetite came into play, leading traders out of the safe-haven dollar despite positive expectations for Friday's NFP. The ADP report...
GBPUSD has been trending lower on the longer-term time frames and the recent rally offers an opportunity to short on a pullback. A descending trend line can be drawn to connect the latest highs of price action and the Fib tool shows potential resistance...
USD The US dollar gave up some of its wins when risk appetite improved in the market. Data from the US economy was actually stronger than expected, as the ISM manufacturing PMI rose from 48.2 to 49.5, outpacing the consensus at 48.5. The ADP non-farm...
EURJPY has been selling off recently but it seems that a reversal is about to take place. Price formed a double bottom pattern visible on its 1-hour chart, hinting that an uptrend might take place. Price failed in its last two attempts to break...
USD The US dollar wasn't able to establish a clear direction in recent sessions, as it simply reacted to other currencies' price action. Data from the US economy came in mostly weaker than expected, as the Chicago PMI fell from 55.6 to 47.6 while...
GBPAUD has been trending below a descending trend line on its 4-hour time frame and seems to be ready for a pullback. Price bounced off the 1.9300 area and might retrace to an area of interest near the trend line. Applying the Fib tool on...
USD The US dollar had a strong run on Friday, thanks to an upbeat GDP release. The preliminary reading showed an upward revision from 0.7% to 1.0% instead of being downgraded to 0.4% as expected. Personal spending and income both ticked...
