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...
USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement tool on the latest swing...
USD The US dollar capped off another good day as it raked in gains from upbeat data and hawkish Fed remarks. Officials George, Williams, and Harker reaffirmed their inclination for tightening again in December while expressing optimism that inflation...
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send it lower by 450 pips or the same height as...
USD The US dollar barely got a boost from upbeat ISM non-manufacturing PMI and ADP non-farm employment change data as the focus was on the next Fed Chair. There have been rumors that dovish member Powell is being eyed to replace Yellen when her...
