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...
GBPJPY was previously trading inside an ascending triangle visible on its daily time frame and has just broken below support to signal that bears have gotten the upper hand. The chart pattern is around 2300 pips tall so the resulting selloff could be...
USD The US dollar was weighed down heavily by downbeat housing starts and building permits, followed by the FOMC minutes and the fallout in Washington. Building permits fell from 1.28M to 1.22M while housing starts declined from 1.21M to 1.16M....
NZDJPY appears to be done with its tumble as price is forming an inverse head and shoulders pattern on its 1-hour time frame. Price also seems to have broken past the neckline at 80.00 to confirm that gains are in the cards. The chart pattern is...
