USD The US dollar had a mixed performance recently, as it gained ground to the yen but gave up some gains to the pound and the euro. Pending home sales was weaker than expected with a mere 0.3% uptick instead of the estimated 1.1% gain. US durable...
CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows. A bullish divergence can be seen, with stochastic making lower lows. MACD is also reflecting a pickup in buying momentum, as the indicator...
USD The US dollar gave back some of its recent gains on Friday as data from the US economy came in weaker than expected. New home sales came in at 467K, short of the 473K consensus, while the previous month’s reading was downgraded to 466K. P...
USDCHF has been in a strong climb recently, even breaking past a key resistance area around the .9500 handle. However, the pair seems to have lost steam and may be due for a pullback to the area of interest. Using the Fib tool on the latest price...
USD The US dollar moved sideways in recent trading, as major pairs were stuck at key levels. Data from the US was mostly weaker than expected, with the initial jobless claims showing a larger than expected 283K increase versus the projected 269K...
USDJPY is stalling at an area of interest, which lines up with the 108.00 major psychological resistance level. This also coincides with the 200 SMA and the 61.8% Fibonacci retracement on the latest swing high and low of the 4-hour chart. Stochastic...
USD The US dollar continued to assert its dominance in the forex market, as risk aversion stayed in the markets. Data from the US economy came in mixed, with the core CPI coming in short of expectations with a 0.1% uptick instead of the projected...
NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. Stochastic is indicating oversold conditions with a bullish divergence, suggesting that a bounce...
USD The US dollar was able to bounce back against most of its forex counterparts in recent trading sessions, as US existing home sales printed stronger than expected results and risk aversion started to creep back in the markets. Existing...
A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame. Price has found resistance at the .9950 mark and is finding support at the neckline around .9850. A break below this support...
