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...
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session. This could be a sign that the pair is in for at least 150 pips in gains, which is the same height as the chart pattern. Stochastic i...
USD The US dollar didn’t fare so well in recent trading, as data from the economy came in mostly weaker than expected. Headline durable goods orders was the only report that showed strong results, with a 0.4% gain versus the estimated 0.4% decline. C...
AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action. The pair previously broke through support around the .8700-.8800 major psychological mark and...
USD The US dollar barely benefitted from the upgraded Q3 GDP reading from 3.5% to 3.9%, as forex pairs seemed to react to risk appetite. Components of the report showed that the upgrade was a result of strong consumer spending data and a pickup...
GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards. The pair is still a hundred pips away from testing the neckline support at the 184.00 levels. A break below the neckline could send GBPJPY...
