EURJPY is still moving in an uptrend but is currently bouncing off the top of its ascending channel resistance on the 4-hour time frame. Stochastic is also turning lower from the overbought zone to indicate a pickup in selling pressure. If this...
USD The US dollar scored another day in the green as upbeat stock market performance on tax reform remarks and easing concerns about North Korea was the main driver. Medium-tier reports also turned out stronger than expected, with the NFIB Small...
AUDNZD has sold off in the past couple of days but the uptrend remains intact. Price is moving inside an ascending channel formation on its 4-hour time frame and is currently testing support at the 1.1000 major psychological level. This coincides...
USD The US dollar was able to start the week on a good note on easing geopolitical tensions and the weakening Hurricane Irma. Officials have reportedly scaled down their sanctions on the hermit nation in order to get the vote from China and Russia,...
EURUSD appears to be tired from its climb as the pair is forming a double top reversal pattern on its 4-hour time frame. Price failed in its last two attempts to break past the 1.2070 area and is on its way to testing the neckline at the 1.1850 minor...
USD The dollar pulled off Friday with some gains on profit-taking while medium-tier reports came in mixed. Final wholesale inventories rose 0.6% versus the projected 0.4% uptick while consumer credit rose from 11.8B USD to 18.5B USD versus the consensus...
AUDNZD has been moving sideways recently with higher lows and lower highs creating a symmetrical triangle pattern on its 1-hour time frame. Price has just bounced off support and could be due for a test of resistance again. The 100 SMA is above the longer-term...
USD The US dollar chalked up another losing day as traders weighed the potential impact of the hurricanes on overall economic performance. There has been increased talk of tax reform from politicians but equities appear to be shrugging these off...
NZDJPY continues to trend lower and is currently consolidating inside a falling wedge pattern. Price is testing support around the 78.00 level and might be due for a bounce back to resistance near 79.00. The 100 SMA is below the longer-term 200...
USD The US dollar managed to stage a rebound after consecutive days of declines, with many attributing this move to mere profit-taking. Data from the US economy was mixed as the ISM non-manufacturing PMI advanced from 53.9 to 55.3, short of the...
