EURJPY has been slowly treading higher, creating an ascending trend channel on its 1-hour forex chart. Price has just bounced off the bottom of the range around the 133.00 major psychological support and looks ready to test the top around the 136.00...
USD The US dollar had a mixed performance as it regained ground to the euro but consolidated to the yen and franc. Data from the US was mostly weaker than expected, as the ADP non-farm employment change showed a 213K increase, short of the estimated...
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest. Price just bounced off support at the .9600 major psychological level and my need to gain more selling pressure before...
USD The US dollar was in for a selloff yesterday when risk appetite picked up and traders dumped the safe-haven currency. Data from the US economy was weaker than expected, as factory orders marked a 3.4% decline versus the projected 1.8% drop...
Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD. Price is testing the falling trend line on its 1-hour time frame, which lines up with an area of interest and the 38.2% Fibonacci retracement l...
USD The US dollar had a mixed performance in recent trading, as traders are hesitating to take huge positions ahead of the top-tier releases this week. Data from the US was mostly weaker than expected, as the ISM manufacturing PMI fell from...
EURNZD is forming a rising channel on its 1-hour time frame but seems prime for a countertrend play, as price is testing the range resistance. The pair has consolidated around the 1.5550-1.5600 psychological levels and may be due south if euro...
USD The US dollar returned some of its recent gains last Friday when the US advanced GDP reading came in below expectations. The economy showed a 2.6% growth figure for Q4 2014, lower than the projected 3.0% expansion and the previous 5.0% GDP....
EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00. Price has just bounced off support at the bottom of the range and may be due for a test of the resistance once more....
USD The US dollar was able to advance against most of its forex counterparts when risk aversion extended its stay in the currency market. Traders are also increasing their long dollar bets after the FOMC retained its hawkish bias earlier this...
