USD The US dollar stayed strongly supported for the most part of the day thanks, in part, to Congress' moves to avert a government shutdown. US equities also closed in the green. Data was mixed, with the Challenger job cuts report showing a 30.1%...
USDJPY could be in for more gains from here as price broke past the neckline of its inverse head and shoulders formation. This is considered a classic reversal signal and spans 200 pips, so the uptrend could last by the same height. However, the...
USD The US dollar was able to advance against most of its peers on tax reform optimism, relatively good data, and risk-off flows. The ADP non-farm employment change came in at 190K versus the projected 189K figure but was still lower than the...
EURJPY is still trading inside its shallow descending channel visible on the 4-hour time frame and is making its way back down to support at 131.50. A bounce from this area could take it back up to the resistance around 134.00. The 100 SMA is crossing...
USD The dollar managed to snag some wins even after data was weaker than expected. The ISM non-manufacturing PMI slipped from 60.1 to 57.4 versus the projected 59.2 figure, with hiring and prices indicating declines. The ADP non-farm employment...
EURAUD recently broke below its ascending channel bottom around 1.5600-1.5650 then hit a low of 1.5500 before pulling up. Applying the Fib tool on the latest swing high and low shows that the 50% level lines up with the broken channel support, which...
USD The US dollar rallied then reversed on tax bill developments and jitters over the investigation into Trump's dealings with Russia. Trump Jr. and other business associates are scheduled to testify this week. Data was better than expected as...
AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish momentum. ...
USD The US dollar had a volatile run on Friday as updates on tax reform and the ongoing investigation into Trump's dealings with Russia pushed the currency around. In terms of data, the ISM manufacturing PMI turned out weaker than expected as it fell...
EURAUD has been trending higher on its 1-hour chart and is moving inside an ascending channel. Price seems to be gearing up for a test of support around the 1.5600 handle and technical indicators are signaling that a bounce would take place. The...
