EURNZD recently surged past the resistance around the 1.6800 major psychological level then zoomed up to a high of 1.7100. From there, the pair made a pullback to the broken resistance, which lines up with the 38.2% Fibonacci retracement level...
USD The US dollar had a mixed performance on Friday, as traders reacted mostly to currency-specific data and booked profits ahead of the weekend US headline PPI came in better than expected with a 0.2% gain versus the expected 0.1% uptick while the...
NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome of the economic reports from New Zealand...
USD The US dollar regained ground in recent trading, as risk aversion seemed to set in the financial markets. Commodity prices have been falling to multi-year lows, triggering flight to safety. US retail sales figures came in line with expectations...
GBPCAD is currently on a strong uptrend and has just pulled back to the rising trend line support visible on the 4-hour time frame. The pair seems ready to bounce and resume the climb, as the 100 SMA and trend line are holding as support. The pair...
USD The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements. Some analysts are speculating that this could weigh on Fed rate hike prospects if it results to a decline i...
USDCHF is still trending higher on its 4-hour chart, as the price dropped to the bottom of the rising channel then bounced off support. This could take the pair back up to the top of the range near the 1.0000 major psychological resistance. ...
USD The US dollar took advantage of the run in risk aversion in recent trading sessions, after the Chinese central bank announced a devaluation of its currency. Aside from that, data from the US economy came in stronger than expected, with...
NZDUSD broke below the triangle support on its 1-hour forex time frame, indicating that further losses are possible. The pair broke below the .6500 major psychological level and could be in for a 300-pip drop, which is the same height as the chart...
USD The US dollar gave up ground in yesterday’s trading sessions when the labor market index fell from 1.4 to 1.1, leading some traders to pare expectations on a Fed rate hike this September. Testimonies from Fed officials have also been mixed, w...
