After months of consolidation, USD/JPY finally seems ready to break out of its symmetrical triangle. As you can see on the pair’s daily chart, a long green candlestick has already closed above the triangle resistance, hinting that an uptrend is in the w...
USD The US dollar had a topsy-turvy trading day, as it gained ground when the US advanced GDP reading came in better than expected at 2.8% versus the estimate at 2.0% and the previous 2.5% reading. However, traders got hold of the underlying figures...
Thanks to the better than expected headline GDP figure released yesterday, USD/CHF surged up to the .9200 major psychological level which was in line with the 50% Fibonacci retracement level and the falling trend line on the 4-hour time frame. Stochastic...
USD The US dollar was mostly stuck in consolidation against its major currency counterparts since there were no top-tier reports released from the US economy. Challenger job cuts data showed a 4.2% decline for October, better than the previous...
NZD/JPY is about halfway through in climbing to the top of its range on the 4-hour time frame. The pair is approaching the 83.50 minor psychological level, which could hold as resistance. Stochastic has made its way into the overbought region and has...
USD After a bit of a selloff in the earlier trading sessions, the Greenback regained ground in the New York session when the US economy printed a better than expected ISM non-manufacturing PMI report. The index climbed from 54.4 to 55.4 in October...
GBP/USD bounced off the established support level around 1.5950 in yesterday’s trading, as the UK printed a better than expected services PMI figure. The pair was also able to break above the 1.6000 major psychological level then consolidate at 1.6050. ...
USD The US dollar was off to a slow start on Monday and was unable to sustain its rallies from the previous week. Data from the US was a bit weak, as the September factory orders report printed a lower than expected 1.7% increase while the August...
USD/CHF’s rallies might soon be over, as the pair is approaching a potential resistance level. The .9200 major psychological mark has acted as support in the past and is around the Fibonacci retracement levels on the daily time frame, which means that i...
USD The US dollar was able to get a boost from stronger than expected ISM manufacturing PMI for October, as the reading climbed from 56.2 to 56.4 instead of dipping to the consensus at 55.3. There are no reports due from the US today, as sentiment...
