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...
AUDNZD recently broke below the ascending channel support on its 4-hour time frame to signal that a reversal is underway. Before that happens though, price could still make a pullback to the broken support. However, the 100 SMA is still above the longer-term...
USD The US dollar enjoyed a strong rally against its peers as economic reports turned out stronger than expected and underscored the Fed's tightening bias. Initial jobless claims fell from 282K to 259K versus the projected 302K figure while the...
AUDJPY continues to trend higher and is moving inside an ascending channel pattern on its 4-hour chart. Price just bounced off the resistance at 90.30 and is making a pullback to support at the 89.00 area. Applying the Fibonacci retracement tool...
USD The US dollar was in tight trading mode ahead of the FOMC decision, which saw the central bank keep rates unchanged as expected. During the presser, Yellen sounded optimistic about growth despite the likely transitory dip coming from the impact...
