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...
USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising channel on its 4-hour...
USD The US dollar took a breather from its latest declines, as traders booked profits off key levels last week. Data from the US economy came in mostly in line with expectations, as personal spending and income rose by 0.3% while the University of Michigan...
On its daily time frame, USD/CHF has retraced to an area of interest around the .8900 major psychological level. This area served as support in the past and might hold as resistance moving forward. Stochastic is already indicating overbought conditions...
USD The US dollar continued to bleed to the pound and the commodity currencies, as data from the US failed to give the currency any support. . Data came in mixed, with pending home sales printing a weaker than expected figure. The report showed a 0.8%...
After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off the 91.00 major psychological support....
