EURUSD recently broke to the upside of a symmetrical triangle pattern then zoomed up close to the 1.1500 handle before pulling back. Price is retesting the broken triangle resistance which might now hold as support. Applying the Fib tool on the...
USD The US dollar gave back some of its recent gains as Yellen downplayed the strong jobs figures while acknowledging that weak inflation remains a topic of discussion. She did mention that balance sheet unwinding could begin later this year....
EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the Fibonacci retracement...
USD The dollar was mostly lower against its peers on mixed Fed rhetoric and downbeat medium-tier data. Both final wholesale inventories and JOLTS job openings data came in below expectations. Fed Chairperson Yellen has a testimony scheduled today...
NZDUSD recently broke below support at the .7250 minor psychological level and dipped close to the .7200 handle before showing signs of a correction. Applying the Fib tool on the latest swing high and low on the 1-hour time frame shows that the 50% retracement...
USD The US dollar was stuck in consolidation against most of its peers as traders took a break after the NFP rallies. The Fed labor market conditions index dipped from 3.3 to 1.5 versus the consensus at 2.5 but still chalked up its 13th consecutive...
EURAUD is trending higher recently and has been moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support at the 1.4900 major psychological level. Applying the Fib...
USD The US dollar was able to rebound against most of its counterparts on Friday thanks to stronger than expected NFP results. The report showed a 222K increase in hiring versus the projected 175K gain while the May reading was upgraded from 138K to...
GBPAUD has been trading inside an ascending channel pattern visible on its 4-hour time frame and is currently testing support. A bounce could take it back up to the resistance at 1.7150 to 1.7200 while a breakdown could mark the start of a reversal....
USD The US dollar returned some of its recent wins when the ISM non-manufacturing PMI's jobs component and the ADP non-farm employment change hinted at a weaker NFP read. Although the headline reading rose from 56.9 to 57.4 to reflect stronger industry...
