The recent downtrend on GBPJPY might soon turn, as the pair formed an inverse head and shoulders reversal pattern on its 1-hour chart. Price is currently testing the neckline around the 186.50 minor psychological level and a break past the resistance...
USD The Greenback was in a weak spot in yesterday's trading sessions even though there were no major reports out of the US economy. Risk appetite appeared to improve, as higher-yielding currencies stayed supported. Initial jobless claims and import...
USDCAD has been moving sideways for quite some time, but the pair seems to have formed lower highs on the 1-hour time frame. Price is also finding support at the 1.3150 minor psychological level, creating a descending triangle pattern. The pair...
USD The US dollar returned its recent gains when US traders came back from their Labor Day holiday, possibly reacting to the bleak NFP release last Friday. Data from the US showed small improvements, with the NFIB small business index improving...
USDCAD has been moving sideways on its 1-hour forex chart, finding resistance at the 1.3310 level and support at 1.3160. The pair is on its way to test the range support and might be due for a bounce, as stochastic is already indicating oversold...
USD The US dollar chalked up small gains against its forex counterparts despite the lack of liquidity in yesterday's market. US traders were off on a Labor Day holiday and there were no reports from the US economy. For today, only low-tier reports...
EURCHF has been gradually trading higher, moving inside a shallow rising channel on its 1-hour time frame. Price is currently testing the top of the range at the 1.0900 major psychological level, which might hold as resistance. In that case, EURCHF...
USD The US dollar tossed and turned after the release of the jobs report, which indicated a weaker than expected headline figure of 173K versus the projected 225K reading. Despite that, the jobless rate improved from 5.3% to 5.1% in August while...
GBPJPY has been trending lower on its 1-hour time frame, with the 100 SMA treading below the longer-term 200 SMA and indicating that the selloff could continue. Price bounced off the support at the 180.50 minor psychological mark and may be due...
USD The US dollar was able to take advantage of the run in risk aversion, thanks to the ECB's dovish monetary policy statement. Data from the US was also better than expected, as the ISM non-manufacturing PMI dipped from 60.3 to 59.0, better...
