GBPNZD has been treading higher on its short-term time frames, creating a rising wedge pattern on its 1-hour chart. Price has recently bounced off support at the 2.1200 major psychological level and is making its way to the top around 2.1500. If...
USD The US dollar continued to advance against its currency counterparts, most notably the yen and the Canadian dollar, even though there were no economic reports released from the US. For today, the initial jobless claims report is up for release...
USDCAD has been climbing since the middle of the month but may be due to head south again, as the pair is hitting an area of interest. Price appears to be finding resistance at the 61.8% Fibonacci retracement level, which lines up with the broken...
USD The return of US traders from their Memorial Day vacation was enough to usher in strong demand for the dollar, which was able to break to new highs against the Japanese yen. Data from the US came in line with expectations, as the headline...
USDCHF is currently testing a potential resistance zone, which is near the broken support at the .9500 major psychological level. If this area holds as a ceiling, price could turn back down and head to its previous lows around the .9100 major psychological...
USD The US dollar was able to chalk up a few gains against its forex counterparts in recent trading, even as banks were closed in celebration of Memorial Day. There have been no economic reports released from the US at the start of the week, leaving...
USDJPY has been trading inside a long-term ascending triangle visible on its daily time frame. Price is testing the triangle resistance near the 122.00 major psychological level right now and may be due for a bounce or a break. An upside break...
USD The US dollar regained ground before the end of the trading day on Friday, as Yellen’s speech reassured market watchers that the US economy is on track with its recovery. Data from the US was also slightly better than expected, as the core C...
EURJPY could be in for a reversal from its uptrend, as price formed a head and shoulders pattern on its 4-hour time frame. The pair is already testing the neckline support at the 134.00 major psychological mark and might be due for a break lower...
USD The US dollar had a mixed performance, as it functioned as a counter currency in recent sessions. Data from the US economy came in weaker than expected once more, as the flash manufacturing PMI dipped from 54.1 to 53.8 while the Philly Fed...
