USDJPY may be due for a downtrend as the pair recently broke below the rising trend line on the 1-hour time frame and SMAs are crossing down. Price pulled up from the 118.00 support zone to the area of interest at the 119.00 mark, which might...
USD The US dollar was still in a weak spot in recent trading as the recent selloff sparked more profit-taking moves. There have been no major reports released from the US economy yesterday while today has retail sales figures on tap. Headline...
AUDUSD is moving up to test the channel resistance on its 4-hour time frame, as the top of the falling range lines up with the 200 simple moving average. This has acted as a dynamic inflection point in the recent downtrend and is close to the .8300 major...
USD The US dollar suffered a sharp selloff against the Japanese yen but managed to hold on to some of its recent wins to its forex counterparts, as risk aversion weighed on higher-yielders. The political uncertainty in Athens sparked fears of...
USDCHF is in a steady climb, as the pair has been moving inside a rising trend channel on its 1-hour time frame. Price just came off a test of the channel bottom around the .9700 major psychological level, which seems to have held as support. Further...
USD The US dollar returned some of its latest trading gains at the start of the week as forex traders booked profits off key levels. USDJPY retreated below the 121.00 handle while GBPUSD recovered above 1.5600. The US labor market conditions index...
USDJPY is making another test of the rising trend line support visible on its 1-hour forex time frame. The pair has just traded around the 122.00 levels and pulled back to the 120.50 area, which is around the trend line and 100 simple moving average....
USD The US dollar had a good run on Friday, as the non-farm payrolls report came in much stronger than expected. The economy added 321K jobs in November versus the projected 231K gain while the jobless rate held steady at 5.8%. Other labor...
GBPUSD made a downside break from the symmetrical triangle chart pattern on its 1-hour time frame, indicating that further losses are in the cards for the pair. The chart formation is roughly 250 pips in height so the resulting selloff could be...
USD The US dollar extended its rallies in recent trading, pushing USDJPY to the 120.00 levels. Data from the US economy came in line with expectations, as the initial jobless claims saw a 297K increase. Traders are pricing in expectations ahead...
