GBPAUD made a strong break past the key resistance around the 2.1400-2.1500 levels, before zooming up to the 2.2300 area. From there, the pair showed signs of pulling back and using the Fibonacci tool on the latest swing high and low on the 4-hour...
USD The US dollar suffered a sharp selloff against the yen and the euro, mostly due to the bloodbath in the equity market. Apart from that, lower odds of a Fed rate hike in September are also leading investors to close off their long dollar holdings....
NZDUSD is forming a descending triangle on its 4-hour time frame, making lower highs and finding support around the .6500 major psychological level. Price just got rejected on its latest test of the triangle resistance and is making its way back...
USD The US dollar gave up ground to its forex rivals despite stronger than expected data from the economy. Existing home sales jumped from 5.48M to 5.59M while the Philly Fed index improved from 5.7 to 8.3. Initial jobless claims was worse than...
NZDUSD has been moving sideways for quite some time and is currently testing the top of its range on the 1-hour time frame. Price is finding resistance around the .6600-.6650 levels and might head back to support at the .6500 major psychological...
USD The US dollar suffered a sharp selloff after the release of the CPI and FOMC minutes since both seemed to show that a September rate hike might be pushed back further. Headline and core inflation showed feeble 0.1% gains, lower than the consensus...
AUDJPY has been consolidating inside an ascending triangle for a while and is currently testing the bottom of the pattern. A bounce off support might take place since stochastic is moving up from the oversold area and reflecting a pickup in buying...
USD The US dollar had a mixed performance as it functioned as a counter currency in recent trading sessions. Traders are probably reducing their positions ahead of the release of the FOMC minutes today, which could provide more clues on when the...
EURJPY recently broke past the resistance at the 137.00 major psychological level then moved close to the 139.00 mark. From there, the pair retreated to test the broken resistance near the 50% Fibonacci retracement level. Stochastic is already...
USD The US dollar regained a bit of ground in yesterday’s trading sessions, despite weaker than expected data from the economy. The Empire State manufacturing index fell from 3.9 to -14.9 instead of rising to the projected 5.0 figure. Meanwhile, t...
