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...
AUDCAD recently broke past a consolidation pattern on its long-term time frames and is currently making a pullback. Price is finding support around the 50% Fibonacci retracement level, which lines up with the former resistance around the .9550-.9600...
USD The US dollar had a volatile trading run on Friday, as the NFP report came in slightly weaker than expected. The economy added 215K jobs in July, lower than the projected 225K gain. However, the previous figures enjoyed upgrades amounting...
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200...
USD The US dollar had a mixed performance as it reacted to currency-specific events from its forex rivals. Aside from that, traders are probably positioning ahead of the NFP release later today, as this could serve as a sign of whether or not the Fed...
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount. Stochastic is on the move down,...
USD Despite mixed economic reports from the US, the dollar managed to advance against most of its forex counterparts in recent trading. The ISM non-manufacturing PMI posted a huge upside surprise, as the reading climbed from 56.0 to 60.3 in July....
GBPUSD is consolidating inside an ascending triangle pattern on its 4-hour chart ahead of today’s event risks. Price just bounced off the bottom of the formation and may be due for another test of resistance around the 1.5650 minor psychological mark o...
USD The US dollar regained a bit of ground in recent trading, as economic data came in line with expectations. Factory orders picked up by 1.8%, a rebound from the earlier 1.1% decline. For today, the ADP non-farm employment change report is due and...
AUDUSD recently surged past the .7350 minor psychological resistance, which has served as a barrier towards the end of last month. Price topped out around .7420 and is showing signs of a pullback to the broken resistance. This potential area of interest...
