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...
USD Economic data from the US was mostly stronger than expected last Friday, allowing the dollar to keep rallying against its major counterparts. Headline durable goods orders marked a 0.7% gain while the core figure showed an increase of 0.8%, higher...
AUD/USD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame. The pair just found resistance at the top of the triangle and is on its way to test the bottom, which might continue...
USD The US dollar found its legs in yesterday’s trading session when US data came in mostly in line with expectations. The factory orders report showed a 0.5% dip while crude oil inventories showed a 3.2 million barrel shortfall. The ADP non-farm e...
USD/CHF has been in a sharp selloff for the past couple of weeks, mostly due to US dollar weakness. However price has started pulling up after dipping close to the .8850 minor psychological support. The Fibonacci retracement levels on the 1-hour time...
USD The US dollar had another weak run in the latest trading session, as risk appetite picked up at the start of the new trading month and quarter. Data from the US economy was also weaker than expected, as the ISM manufacturing PMI fell from 55.4 to...
