GBPJPY has failed in its last two attempts to break past the 147.50 minor psychological resistance, creating a double top reversal formation. Price is currently testing the neckline at 145.50 and could be due for at least 200 pips in losses if its breaks. ...
USD The dollar managed to edge slightly higher even though data came in weaker than expected. The Empire State manufacturing index fell from 19.8 to 9.8 to indicate a slower pace of industry growth compared to the projected dip to 15.2. Only the...
AUDUSD has been trending higher and is moving inside a bullish channel formation on its 4-hour chart. Price is bouncing off the resistance and could be due for a pullback from here. Stochastic is turning lower from the overbought zone to show that buyers...
USD The US dollar tumbled across the board on Friday when economic reports came in mostly weaker than expected. Headline CPI posted a flat reading instead of the estimated 0.1% uptick while the core CPI had a meager 0.1% gain instead of the estimated...
AUDUSD had been trading inside an ascending triangle on its long-term time frame and has just broken past the resistance at the .7750 minor psychological mark. This signals that the pair is in for an uptrend, which might last by at least 900 pips or...
USD The US dollar was unable to establish a clear direction in trading even with several top-tier reports released. Headline PPI came in better than expected with a 0.1% uptick versus the projected flat reading while the core version of the report...
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...
