USD The dollar had a mixed performance against its peers, although it was generally weaker due to the downbeat NFP release last week. Data from the US came in weaker than expected, as the ISM non-manufacturing PMI fell from 59.0 to 56.9, worse than...
EURCHF has been forming lower highs and higher lows, creating a symmetrical triangle pattern o its 1-hour chart. Price has been consolidating tightly and moving closer to the end of the triangle, indicating that a breakout might take place soon. ...
USD The US dollar sold off sharply against its forex rivals when the NFP report came in way below expectations. The report indicated a mere 142K increase in hiring instead of the projected 201K gain while the previous reports were downgraded to...
AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart. Price recently broke above the double bottom neckline as well, setting its sights on the next potential...
USD The US dollar had a mixed performance in recent trading sessions, as traders are probably squaring off their positions ahead of the US NFP release today. Data from the US came in mostly weaker than expected, with the initial jobless claims...
GBPAUD formed lower highs and found support at the 2.1425 level, creating a descending triangle pattern on its 4-hour forex chart. Price is currently testing the triangle support, with a potential breakdown likely to indicate the start of a downtrend...
USD The US dollar had a mixed performance after data from the economy came in mixed. The ADP non-farm employment change beat expectations with a 200K gain versus the projected 192K increase and the previous 186K rise, spelling positive prospects...
EURAUD has just gotten rejected on its test of the range resistance at the 1.6200 major psychological level and is now headed towards support at the 1.5600-1.5650 area. This follows the formation of a double top pattern visible on the short-term...
USD The US dollar was off to a strong start when risk sentiment weakened during the Asian trading session but gave back its recent wins when higher-yielders regained ground later on. Data from the US was better than expected, with the CB consumer...
AUDUSD might be done from its recent slide, as it formed a double bottom formation on the 1-hour chart and a larger one on the 4-hour time frame. Zooming in to the shorter-term time frame reveals that the pair has yet to break past the neckline...
