USDJPY is encountering strong resistance at the 120.00 major psychological mark and may be due for a pullback soon. Price could test the rising trend line on its 1-hour chart, as this has been holding as support for the past month. The trend...
USD The US dollar regained ground to its counterparts, thanks to stronger than expected data from the US. The ISM non-manufacturing PMI climbed from 57.1 to 59.3, outpacing the consensus at 57.5. However, the ADP non-farm employment change...
AUDJPY has been moving sideways as seen on the range on its 1-hour time frame. Price found support at the 100.00 major psychological mark and resistance at the 101.00 major psychological level. The pair is on its way to test the top of the range...
USD The US dollar asserted its dominance to most of its forex counterparts, as it resumed its strong climb to the yen and franc while comdolls traded lower. There were no major reports released from the US economy, as FOMC officials were also...
NZDUSD is testing the bottom of the range forming on its 1-hour time frame, as price is finding a floor at the. 7780 area once more. A bounce off this support zone could lead to a test of the top of the range at the .7915 level. Stochastic is moving...
USD The US dollar returned some of its recent gains, mostly to the pound and the Japanese yen, even as the ISM manufacturing PMI showed stronger than expected results. The figure fell from 59.0 to 58.7, higher than the estimated drop to 57.9....
USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. A bounce off this support zone could lead to a rally to the previous highs past the 119.00 handle. The rising...
USD The US dollar regained ground to most of its forex counterparts on Friday, as traders booked profits ahead of the weekend. The currency was also given a boost by the results of the Swiss referendum, as the rejection of the gold initiative...
The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. Price is now on its way to test the resistance of the chart pattern around the .9700 major psychological mark. A...
USD The US dollar regained ground to most of its major counterparts even as there were no reports out of the US economy during the Thanksgiving day holiday For today, there are still no top-tier reports lined up, which could leave dollar pairs sensitive...
