AUDUSD previously broke past the resistance around the .7750 minor psychological level then zoomed up to the .8100 area. From there, price retreated from the rally and is showing signs of a correction to the broken resistance. Applying the Fibonacci...
USD The US dollar remains strongly supported thanks to talks of tax cuts. President Trump shared more details on the GOP proposal for fiscal reform and promised that they will get this done by the end of the year. US final GDP was also upgraded...
EURUSD recently broke below support around the 1.1850 minor psychological level then dropped close to the 1.1700 mark. Price appears to be making a correction from here and applying the Fibonacci retracement tool shows that the 50% level lines up with...
USD The US dollar regained a lot of ground after US President Trump threw the spotlight back on tax reform and included a few more details. US economic data turned out mixed, with headline durable goods orders up by 1.7% versus the projected 1.0%...
NZDJPY seems to be forming a triangle consolidation pattern visible on its daily time frame as it bounced off the 82.00 handle and is heading back to support around 79.00 to 79.50. Stochastic has turned lower from the overbought region to reflect a pickup...
USD The US dollar tossed and turned during Fed head Yellen's speech as she admitted that the central bank may have overestimated some of the figures on employment and inflation. She repeated that the dip in inflation this year has been puzzling...
EURJPY has been trending higher recently, with a rising trend line connecting the lows on the 4-hour time frame. Price is moving close to testing this support area, which lines up with the 61.8% Fibonacci retracement level and the 131.00 major psychological...
USD The dollar paused from its climb as fresh updates from North Korea hit the newswires. Officials said that the latest provocations from the US are tantamount to declaring war on Pyongyang and that they will shoot down US bombers even if they're...
GBPUSD is still trending higher on its longer-term charts and is testing the top of its ascending channel visible on the daily time frame. This could mean an opportunity for a countertrend play back to the support at 1.3100 or a correction setup there. ...
USD The dollar finished the week on a strong note after the FOMC decision earlier on turned out more upbeat than expected. Data on Friday turned out mixed as the flash manufacturing PMI rose from 52.8 to 53.0 versus the projected 53.0 figure while...
