GBPJPY has been moving back and forth between support around the 138.50 and the range resistance at 147.50-148.00 visible on the daily time frame. Price is currently testing the resistance and could be due for a drop back to support. Stochastic is indicating...
USD The US dollar rallied ahead of the FOMC minutes release but retreated upon seeing that committee members are still divided when it comes to their tightening and unwinding time line. Some thought that balance sheet reinvestment should start...
AUDUSD is trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing support and might be due for a bounce back to resistance at the .7750 to .7800 levels. Stochastic is indicating...
USD The US dollar had a mixed performance as traders were out on a Fourth of July holiday. Markets reopen today and the factory orders report is due, with analysts expecting to see a larger 0.4% decline compared to the earlier 0.2% dip. The FOMC...
USDJPY has been trending higher recently, 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 near the 112.50 minor psychological level from here. The 100 SMA...
USD The US dollar staged a strong rebound against its peers when the ISM manufacturing PMI beat expectations. The reading climbed from 54.9 to 57.8 versus the projected 55.0 figure, buoyed by stronger hiring, new orders, and production. The index for...
EURUSD recently surged past the resistance at the 1.1250-1.1300 psychological levels then climbed close to the 1.1450 minor psychological resistance. Price retreated from here, indicating that a correction from the rally is happening. Applying...
USD The US dollar managed to chalk up some gains last Friday on profit-taking and strong US data. Personal income was stronger than expected at 0.4% versus 0.3% while personal spending came in line with expectations of a 0.1% uptick. The Chicago PMI...
USDJPY looks ready for more gains as the pair has formed a double bottom on its daily time frame. Price failed in its last two attempts to break past the 108.00 support zone and is on its way to test the neckline at 114.00-114.50. A break past this resistance...
USD The US dollar was mostly weaker against its peers even though the final GDP reading enjoyed an upgrade from 1.2% to 1.4% instead of staying unchanged as expected. Personal spending and income, along with the core PCE price index, are up for release...
