NZDJPY recently broke below support at the 79.50 minor psychological level then dipped to the 78.50 mark. Price pulled up from there and applying the Fibonacci retracement tool on the latest swing high and low on the 1-hour time frame shows that...
USD The dollar traded mostly sideways as traders are taking it easy ahead of Yellen's Jackson Hole speech. Medium-tier reports turned out weaker than expected, with existing home sales falling in line with the downbeat trend of earlier housing...
EURCAD is trending lower and is moving inside a short-term descending channel visible on the 1-hour chart. Price just bounced off the resistance and is making its way back to support at the 1.4700 handle. The 100 SMA is below the longer-term 200...
USD The dollar gave up some ground on speculations of a government shutdown as Trump threatened to trigger one unless he gets the funds to build the wall along the Mexican border. There have also been whispers of conflict among lawmakers that...
AUDNZD has been trending higher but is recently testing a ceiling at the top of its ascending channel visible on the 4-hour time frame. Price could be due for a correction to the channel support and applying the Fib tool shows the potential inflection...
USD The dollar regained some ground on the return of risk aversion stemming from North Korea jitters. The US and South Korea have started their joint military exercises this week and a North Korean diplomat has been quoted saying that this could...
EURUSD has been moving inside a range visible on its 1-hour time frame, finding support at the 1.1700 mark and resistance at 1.1800. Price is currently hovering around the mid-channel area of interest and could be due for a move back to support. ...
USD The dollar edged slightly lower at the start of the week as trader reacted to Bannon's resignation. This reminded market watchers of the internal conflict in Washington and how this could derail the fiscal reform agenda. Also, resurfacing...
GBPNZD has recently bounced off the top of its range at the 1.7900 major psychological level and is making its way to the bottom at 1.7400. If this holds as support, another bounce back to the resistance could take place. The 100 SMA is above the...
USD The dollar remained in a weak spot due to the fallout from Trump's response to the violence in Charlottesville. Economic data also turned out mixed, leaving some doubts on the Fed's ability to hike again in September. This was emphasized by...
