USD The dollar was able to pocket a few gains even as US markets were closed for the President's Day holiday. Markets will reopen today and another round of risk-taking could prompt weakness for the safe-haven currency. There are no major reports...
GBPUSD appears to be starting a new trend lower as price is creating a descending channel on its 4-hour time frame. Price is just testing the resistance, though, and might be due for a move back to support. However, the 100 SMA is still above the...
USD The US dollar was able to rebound against most of its peers on Friday as profit-taking happened before the long weekend. US banks are closed in observance of President's Day today, which means that liquidity is low and volatility could tick...
USDJPY recently broke below a major support zone, confirming that a downtrend is underway. Price appears to be finding support at current levels, though, so a pullback is also possible. Stochastic is on its way up to indicate that bears are taking a...
USD The dollar had another day in the red as equities advanced but traders remained wary of fiscal risks. Data turned out mixed but positive PPI readings failed to draw support for the currency. The Empire State manufacturing index posted a downside...
EURJPY had been trading inside an ascending channel pattern and price has broken below support. This signals that a reversal from the uptrend is underway, although additional confirmation could still be needed from technical indicators. The 100 SMA is...
USD The US dollar chalked up another losing day as traders favored the higher-yielding currencies. Although CPI data surprised to the upside, the focus was on weaker retail sales data. Headline retail sales slipped 0.3% versus the estimated 0.2% gain...
GBPJPY recently bounced off the top of its ascending channel and is now making its way to support. Applying the Fib tool on the latest swing low and high shows that this lines up with the 61.8% retracement level around the 146.00 major psychological...
USD The US dollar was still in the loser's end during the latest trading sessions as risk appetite was present. There were also no major reports to prop the US dollar higher while traders price in expectations for weaker inflation data. Headline...
EURAUD has been trading sideways recently, finding support at the 1.5650 minor psychological level and resistance near 1.5800. Price just bounced off the top of the range and might be due for a test of support again soon. The 100 SMA is above the...
