NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. The chart pattern is approximately 350 pips tall so the resulting selloff could be of the same size. However, price is still...
USD The US dollar was barely able to establish a clear direction even as data was mostly stronger than expected. Headline PPI posted a 0.4% uptick while core PPI also showed a 0.4% gain, twice as much as the estimated 0..2% uptick. Initial jobless...
EURJPY previously broke past the resistance at the 132.50 to 133.00 levels then zoomed up to a high of 133.46. Price has since pulled back to the broken resistance and the Fib tool on the latest swing low and high on the 1-hour time frame shows that...
USD The US dollar dipped against most of its counterparts when the FOMC minutes were released as it revealed that some policymakers had some doubts about tightening in December. In particular, the minutes indicated that many members were worried...
AUDUSD recently fell through support at the .7800 level then dipped to .7750 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame shows that the 23.6% level lines up with the broken...
USD The US dollar gave back some of its recent wins when the Trump administration's tax reform plans encountered roadblocks. Geopolitical risks from North Korea also returned to the spotlight as South Korea flew military planes as a show of force...
GBPAUD previously broke through support at the 1.6950 minor psychological level then fell to a low of 1.6785 before making a correction. Applying the Fibonacci retracement tool on the latest swing high and low on the 1-hour time frame shows that the...
USD The US dollar was stuck in its ranges for the most part of the day as banks were closed in observance of Columbus Day. Dovish FOMC member Kashkari has a speech lined up today and the IBD/TIPP Economic Optimism Index is due. Other than that,...
USDJPY has been trading sideways on its long-term charts, bouncing off support at the 108.50 minor psychological mark and heading towards the resistance around 114.00 to 114.50. Price is consolidating at the moment, though, and technical indicators are...
USD The US dollar had a volatile run during the NFP release as the actual figure showed a surprise 33K drop versus the estimated 88K gain. The previous reading featured an upgrade from 156K to 182K so traders are holding out for a positive revision...
