NZDUSD had previously been trading inside a symmetrical triangle formation but broke to the downside. Price then dipped to a low of .6550 before showing signs of a pullback. Using the Fib tool on the breakout move shows that the 50% level...
USD The US dollar was off to a strong start when risk appetite waned in the earlier trading sessions. However, the currency returned some of its wins when data from the economy missed expectations. The Empire State manufacturing index improved...
GBPUSD suffered a sharp selloff in recent trading and is currently consolidating. A bearish flag continuation pattern can be seen on the 1-hour time frame, signaling another round of potential losses for the pair. The mast of the flag is...
USD The Greenback was mostly a counter currency in recent trading sessions, as US traders were off on a President's Day holiday Only the Empire State manufacturing index is up for release today and a rise from -19.4 to -10.5 is expected. EUR ...
EURAUD has been trending higher these days and is moving inside a rising channel on its 4-hour time frame. Price is currently testing the bottom of the channel, which might hold as support and trigger a bounce back to the resistance at 1.6300. ...
USD The US dollar was able to rebound on Friday, thanks to upbeat retail sales figures and profit-taking off short positions ahead of the weekend. Headline retail sales rose 0.2% instead of just 0.1% while the core figure indicated a 0.1% uptick...
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame. Price looks ready to test this falling resistance area once more, as this lines up with the 50% Fibonacci retracement level and...
USD The US dollar was unable to take a lot of advantage of the safe-haven flows yesterday as Fed Chairperson Yellen warned that central bank officials are watching exchange rates closely before making any monetary policy adjustments. This echoes FOMC...
EURJPY has been trending lower on its longer-term time frames but the opportunity for a countertrend setup is emerging. Price is currently testing the bottom of its descending channel visible on the 4-hour and daily charts and might be due for a bounce....
USD The US dollar had a volatile day as it initially reacted positively to Yellen's remarks but eventually returned its recent gains. According to Yellen, the equity market selloff might have a negative impact on overall growth and that they'd...
