USD The Greenback cashed in plenty of gains to the euro and other currencies with dovish central banks, as risk aversion peeked back in the markets yesterday. Data from the US economy was mostly stronger than expected, adding to the appeal of the dollar....
USDJPY has staged strong gains in the past few days yet it appears to be stalling at a major resistance zone. Price is moving around the 105.50 area, which lines up with the previous year highs and a long-term support zone broken in the past years. This...
USD The US dollar edged slightly lower to its forex counterparts when the US economy printed a weaker than expected factory orders report. It showed a 10.5% gain versus the estimated 10.9% increase, although the previous month’s report was upgraded t...
AUD/CAD has been trading inside a range on its 1-hour time frame, finding support at the 1.0115 area and resistance at the 1.0215 level. Price has recently come off a test of the range support and appears ready to test resistance once more. Stochastic...
USD Data from the US economy came in mostly stronger than expected yesterday, although the dollar’s performance was mixed. The ISM manufacturing PMI showed a stronger than expected rise from 57.1 to 59.0, marking a faster pace of expansion in the i...
EURCAD has sold off sharply in August, but it looks like the pair is prime for retracement back to an area of interest. Price could pull up to the broken support area at the 1.4400-1.4450 psychological levels, which are close to the 38.2% Fibonacci retracement...
USD The US dollar recovered to most of its major counterparts in recent trading sessions, despite the lack of top-tier data from the US economy yesterday. US banks were closed in celebration of Labor Day then, with economic data releases set to resume...
NZDJPY has been trading in an uptrend, as a rising channel can be drawn on its recent price action. The pair is still making its way to the top of the channel, which might hold as near-term resistance. The top of the channel is at the 88.00 major psychological...
USD The US dollar regained ground on Friday, as traders booked profits at the end of the trading month and prior to the Labor Day holiday. Data from the US economy was mixed, with personal spending and income reports falling short of expectations and...
GBPCAD has been moving in a downtrend on its 4-hour time frame but appears to be finding support at the bottom of the rising channel. Price has bounced off the 1.8000 major psychological level and might rally up to the middle of the channel or the top....
