EURAUD is trending higher and is moving inside an ascending channel on its 4-hour time frame. Price has just bounced off support and looks ready for a test of resistance at 1.5400-1.5450. The 100 SMA is above the longer-term 200 SMA so the path of least...
USD The dollar has gotten a boost from news that the House passed a budget resolution to allow the tax bill to clear Senate without achieving a supermajority. US advance GDP data for Q3 is due next and hopes are running high after the durable...
EURUSD broke below the neckline of its long-term head and shoulders pattern, confirming that a downtrend is underway. The chart pattern is approximately 400-500 pips tall so the resulting selloff could last by the same amount. The 100 SMA is still sufficiently...
USD The US dollar was mostly supported by stronger than expected housing data, along with strong contributions from durable goods orders. However, uncertainties surrounding the Trump tax plan and the next Fed head are keeping the dollar's gains in check....
GBPAUD has been on a strong climb recently and may have enough momentum to break past its symmetrical triangle resistance around 1.7200. The chart pattern spans 1.5900 to 1.7700 so the resulting uptrend could be of the same size. The moving averages...
USD The US dollar tossed and turned as the lack of top-tier data left traders extra sensitive to updates from Washington. Fears that the Trump tax plan could lose votes from a couple of GOP Senators displeased with the US President dragged the currency...
GBPJPY has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price just bounced off resistance and could be due to test support at the 149.00 major psychological level. This potential floor lines...
USD The US dollar rallied then reversed to start the week as equities ended the day in the red on weaker tech and industrials performance. There were no reports out of the US economy on Monday as traders kept their focus on Trump's next Fed Chairperson...
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. Price is currently testing the resistance at 1.6900, still deciding whether to make a bounce or a break. A bounce could take it back down to the bottom of the channel...
USD The US dollar was mostly stronger at the end of the previous week as medium-tier data came in better than expected. Existing home sales rose from 5.35 million to 5.39 million instead of falling to 5.30 million. The federal budget balance also...
