GBPUSD has been selling off on the short-term charts but is currently approaching the bottom of the range visible on the daily time frame. Price could bounce off the floor around the 1.5100-1.5200 levels, which have held as support since April....
USD The US dollar had a mixed trading day, as data from the economy fell short of expectations. The ADP non-farm employment change report showed a mere 190K gain in hiring versus the projected 224K increase while the previous reading was...
AUDCAD recently broke below the support around the .9400-.9425 area and dipped to a low of .9250. From there, price bounced and showed signs of a potential pullback to the broken support zone, which might now hold as resistance. In addition, the...
USD The US dollar managed to advance against most of its forex counterparts, despite weaker than expected data from the US economy. The ISM manufacturing PMI fell from 52.7 to 51.1, worse than the estimated dip to 52.6. The employment component...
EURGBP is still moving inside its range on the 4-hour time frame, currently testing the resistance at the .7400 major psychological level. An upside break might be possible since stochastic is climbing while the 100 SMA just crossed above the 200...
USD The US dollar was able to hold on to its gains at the start of the week, as risk aversion seemed to return to the financial markets. Data from the US came in slightly weaker than expected, as the Chicago PMI dipped from 54.7 to 54.4 instead...
NZDJPY is moving sideways on its 1-hour forex chart and might draw support from the bottom of the range around the 76.50 minor psychological level. A bounce off this area could lead to a move back to the top around the 78.50 minor psychological...
USD The US dollar had a mixed performance on Friday, but managed to advance against some of its rivals. Data from the US was mostly weaker than expected, as the personal spending figure came in below consensus with a 0.3% gain versus the projected...
EURGBP has been climbing higher on its 1-hour time frame, recently breaking past the resistance around the .7150 minor psychological mark. From there, the pair zoomed up to the .7400 major psychological resistance before pulling back. Using the...
USD The US dollar managed to stage a strong rally in the US trading session after the Q2 GDP reading enjoyed a large upward revision from 2.3% to 3.7%. However, components of the report showed a significant buildup in inventories, which suggests...
