EURGBP is currently testing a former resistance level around the .8800 major psychological mark, which appears to be holding as support. This lines up with the 50% Fibonacci retracement level on the swing high and low on the daily time frame. Stochastic...
USD The dollar managed to hold on to most of its recent gains as equity indices shot to record highs on strong auto sales. Total vehicle sales posted their strongest rise so far this year as purchases were made to replace cars damaged by the hurricanes....
EURUSD previously broke past the range resistance at the 1.1450 minor psychological level to indicate that bullish momentum has won over. Price stalled in its rally near the 1.2100 major psychological level and showed signs of a correction to the broken...
USD The Greenback got a strong boost from better than expected manufacturing PMI data, as these lifted expectations for the NFP and therefore a December Fed rate hike. The ISM reading rose from 58.8 to 60.8 versus the consensus at 57.9 while the...
Cable has been selling off recently but could be due for a bounce as it tests the support zones visible on its long-term chart. Price is moving inside an ascending channel on its 1-hour time frame and is currently approaching the 50% Fibonacci retracement...
USD The US dollar gave back most of its recent wins at the end of the week on profit-taking and the lack of follow-through on tax reform. The ISM manufacturing PMI, which should serve as a leading indicator for Friday's NFP, is due today and analysts...
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%...
