USD The US dollar was in a weak spot recently, despite stronger than expected data from the economy. Headline durable goods orders showed a 3.4% jump versus the projected 3.2% gain but the previous reading was downgraded to show a 2.2% decline....
GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart. The pair has recently found resistance at the 2.1400 major psychological mark and might retreat to the 2.1200 levels....
USD The US dollar was in for a weak start this week since traders seem to be reducing their exposure ahead of the top-tier events later on. For today, only the durable goods orders report is due and a rebound is eyed. The headline figure could show...
USDCAD recently made a strong rally past a key resistance area around 1.3000 and is currently retreating to that level at the start of the week. Price surged to the 1.3100 mark after the breakout and could be in for new highs after this correction. At...
USD The US dollar advanced against most of its forex rivals as risk aversion set in when commodity prices continued to tumble. Data from the US came in better than expected, with initial jobless claims falling to 255K and the CB leading index...
EURGBP has been trending lower on its 4-hour forex chart, with price moving below a descending trend line connecting the highs since May. Price looks ready to pull back to the trend line, which is in line with the 200 SMA. For now, the 100 SMA...
USD The US dollar regained ground against its forex rivals, thanks to a selloff in commodities and a downturn in risk appetite. Data from the US has been stronger than expected, with existing home sales picking up from 5.32M to 5.49M. Up ahead,...
AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00. The pair seems to be on its way to test the bottom of the range for another potential bounce....
USD The US dollar gave back some of its recent gains to its forex rivals, as traders probably booked their profits off their long positions. There have been no reports released from the US economy then while today only has the existing home sales...
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance, which could allow...
