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...
USD The US dollar was off to a weak start on Monday as risk-taking took hold and traders flocked to stocks and commodities. The mood was positive after the Trump administration released their infrastructure spending plans. There are no major reports...
USDCAD could be in for a long-term reversal from its selloff as price has formed a double bottom on its daily time frame. The pair has yet to test the neckline around the 1.2950 minor psychological level, though. A break higher could send price...
USD The US dollar held its ground on Friday despite the lack of top-tier data. However, the spending bill just recently signed prevented another shutdown from taking place, leading to a bit of reprieve for bulls. Only the federal budget balance is due...
A reversal may be brewing for EURAUD as the pair has formed a triple top formation on its 4-hour time frame and could be due for a break lower. Price is testing the neckline at the 1.5650 minor psychological mark and a move below this could send it down...
USD The US dollar was able to take advantage of risk-off flows as stock markets tanked once more. Equity indices were down roughly 4% mostly due to the short volatility trade, another pending government shutdown, and global tightening prospects. US...
