GBPAUD has been trending inside a long-term ascending channel visible on its daily time frame and is testing support at the mid-channel area of interest. This lines up with the 50% Fibonacci retracement level which already seems to be holding as support....
USD The US dollar was in a weak spot for the most part of the day but staged a late rally when Fed officials started sounding more upbeat and hawkish. The Fed Beige Book also indicated modest to moderate growth in 11 out of 12 Fed districts, with strong...
GBPAUD recently fell through the rising trend line on its 4-hour time frame, indicating that a reversal is in order. Price is showing a pullback now, and applying the Fib tool shows that the 61.8% retracement level lines up with the broken support zone....
USD The US dollar continued to tumble across the board on concerns about a potential government shutdown and weaker performance in energy stocks. The Empire State manufacturing index fell from 18.0 to 17.7 instead of improving to 18.5. Today has the...
NZDUSD is trending higher on an ascending channel visible on its 1-hour and 4-hour chart. Price is currently testing support and might be due for a move back to the resistance soon. The 100 SMA is above the longer-term 200 SMA so the path of least resistance...
USD The dollar was down in the dumps as banks were closed on a holiday and the usual stock market rallies weren't there to buoy the currency higher. Only the Empire State manufacturing index is due today and a gain from 18.0 to 18.5 is expected. Stronger...
USDJPY recently fell through support at the 112.00 major psychological level and looks ready for a pullback to this area of interest. Applying the Fib tool on the latest swing high and low shows that the 61.8% level is close to this broken support, which...
USD The US dollar was dragged lower by downbeat PPI data, as both headline and core readings posted 0.1% declines instead of the estimated 0.2% gains. This could mean a weaker CPI for the same month, which would reinforce lower inflation expectations...
USDCAD recently broke through the floor around the 1.2650 minor psychological mark then fell to a low of 1.2362. Applying the Fib tool on its latest swing high and low shows that the 50% to 61.8% levels are close to the broken support, which might now...
USD The dollar was in a bit of a weak spot due to reports that China plans on trimming its Treasury holdings. US equities also capped off their positive streak as fresh concerns on NAFTA emerged and medium-tier reports such as import prices and...
