USD/CHF has been moving inside a falling trend channel for the past week, as dollar demand has remained weak while Swiss economic data have shown improvements. The pair just came off a test of the channel resistance and underwent a sharp selloff to the...
USD The US dollar had a volatile day on Friday when the non-farm payrolls report came in stronger than expected. The economy added 288K jobs in April, higher than the estimated 216K gain. The previous month’s figure was also revised to show a stronger p...
NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though. The stochastic on the 4-hour chart is a...
USD The US dollar failed to draw support from upbeat data in recent trading. US ISM manufacturing PMI posted a stronger than expected expansion in the industry, as the index surged from 53.7 to 54.9, outpacing the consensus at 54.3. Personal spending...
EUR/USD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic is reflecting selling pressure. ...
USD The US dollar had a topsy turvy trading day as data and events showed mixed results. The advanced GDP reading for the first quarter of 2014 turned out to be a disappointment as the economy clocked in a mere 0.1% growth figure, down from the previous...
AUD/CAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support. The pair could now find resistance at the 38.2% to 50% Fib levels, which are close to the 1.0200 major...
USD The US dollar saw a bit more volatility in recent trading as it edged lower to the Canadian dollar but rebounded to the Japanese yen. Data from the US was weaker than expected, as the CB consumer confidence figure failed to meet expectations and...
EUR/NZD has been in a massive selling spree over the past couple of trading days, pushing the pair all the way down by at least 150 pips. Using the Fibonacci retracement tool on the 1-hour time frame though shows that the 61.8% Fib level has already been...
USD The US dollar was still stuck in consolidation to most of its major forex counterparts, as traders are awaiting the release of the top-tier data later on this week. US pending home sales were stronger than expected as it showed a 3.4% increase versus...
