USD The US dollar had a good trading day as it rallied against most of its major counterparts in recent trading. Risk appetite was weak recently while US data came in stronger than expected. The ISM non-manufacturing PMI climbed from 56.0 to 58.7,...
AUD/USD recently broke below the short-term support area on a smaller range and may be poised to test the bottom of the larger range visible on the 4-hour forex time frame. Price has traded below the .9350 area and made a small pullback before resuming...
USD After its recent strong rallies, the US dollar paused and consolidated to most of its major counterparts. Data from the US economy was mixed, as the initial jobless claims came in line with expectations, the Chicago PMI missed expectations, and...
USD/JPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could be buying pressure left....
USD The US dollar had a strong positive reaction to better than expected advanced GDP data, which showed that the economy expanded by 4.0% in the second quarter of the year. This was much higher than the estimated 3.1% increase. However, the currency...
AUD/USD had been trading inside an ascending triangle chart pattern for quite some time before breaking to the downside and indicating that further losses could be in the cards. Price has found a bit of support at the .9300 area and may be due for a pullback,...
USD The US dollar was still in rally mode yesterday as data from the US economy came in stronger than expected. The CB consumer confidence index showed a climb to 90.9, higher than the estimated 85.5 reading, while the previous report showed an upgrade...
NZD/USD has been selling off strongly in the past few days, yet the pair could be in for a relief rally as it is finding support at the bottom of the rising channel forming on its 4-hour forex time frame. Stochastic has already reached the oversold zone,...
USD Data from the US economy was weaker than expected yesterday, as the flash services PMI held steady at 61.0 instead of improving to the expected 62.3 reading. Pending home sales fell by 1.1% instead of just 0.2%, erasing part of the 6.0% gain in...
CAD/JPY has been moving inside a descending triangle pattern on its daily forex time frame, as price made lower highs and found support at the 92.00 major psychological level. The pair has just come off a test of resistance and may be heading back down...
