NZD/USD recently broke below a rising trend line connecting the lows of the price, indicating that the previous uptrend is already over. Before heading any lower though, the pair made a quick retracement move to the Fibonacci levels on the 1-hour time...
USD The US dollar retreated to most of its major counterparts on Friday when the non-farm payrolls report churned out weaker than expected results. Although the February figure was revised higher, the March reading came in below the consensus of a 200K...
After trending lower towards the end of last year and the start of this year, CAD/JPY has formed a consolidation pattern and is indicating a possible reversal of the previous downtrend. A triple bottom can be seen on its 4-hour time frame and a break...
USD The US dollar managed to end the day higher than most of its major counterparts despite a round of weak economic data. The trade balance release showed a wider deficit, indicating weakness in trade, while the initial jobless claims showed a higher...
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the previous 175K figure and enough to...
USD The US dollar had a pretty good run yesterday, as the ADP non-farm employment change figure came in line with expectations. The actual figure showed a 191K increase in payrolls, leading traders to price in a good NFP release for Friday. The previous...
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225 level though before confirming the potential downtrend....
USD The US dollar regained ground against its counterparts, as the ISM manufacturing PMI showed an improvement from 53.2 to 53.7. However, this was still short of the estimate at 54.2. Despite that, analysts took this as a sign that the upcoming NFP...
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZD/USD’s uptrend is still intact. The pair is currently testing the rising trend line on its 4-hour time fra...
USD It was a mixed bag for the US dollar in Monday’s trading, as it gave up gains to some of its counterparts but locked in wins against others. USD/JPY carried on with its rally past the 103.00 handle while GBP/USD broke past the 1.6650 minor psychological r...
