GBPAUD failed in its last two attempts to break below support around 1.7275, creating a double bottom pattern with the neckline at 1.7415. Price has yet to break past the neckline before confirming this reversal formation but if that happens, the pair...
USD The US dollar gave up ground after the May FOMC meeting minutes didn't seem as hawkish as expected. Although majority of members confirmed that a rate hike is appropriate soon, they also cited that it would be prudent to wait for more data to see...
EURAUD is still moving safely inside its short-term ascending channel and has recently pulled back to support again. Applying the Fib tool on the latest swing low and high shows that the channel bottom lines up with the 50% Fibonacci retracement level...
USD The US dollar regained some ground in recent trading as market watchers are shifting their focus back to economic data and June rate hike expectations. FOMC member Kashkari indicated that he's still on the fence, citing that jobs growth has been...
NZDJPY recently broke below a short-term rising trend line support and dipped close to the 76.00 mark. Price pulled up from there and looks ready to retest the broken support. Applying the Fib tool on the latest swing high and low on the 1-hour chart...
USD The US dollar moved slightly lower against most of its peers, particularly the Kiwi. There have been no major reports out of the US while the FOMC speeches gave little assurance that a June hike is on the table. US flash manufacturing and services...
GBPAUD has formed lower highs and found support at the 1.7375 area, creating a descending triangle formation on its 1-hour time frame. This chart pattern is around 250 pips tall so a breakout in either direction could result in a rally or selloff of...
USD Dollar weakness stayed in play for Friday as traders continued to worry about the repercussions of the investigation on Trump's intelligence information leak to Russia. There were no reports released from the US then so the focus was on political...
EURJPY recently broke below its short-term ascending trend line to indicate that a reversal from the uptrend is in order. Price dipped to the 122.50 minor psychological support then pulled back up to the broken support, which might now keep gains in...
USD The dollar recovered against its peers on strong medium-tier data and indications that former FBI director Comey was not pressured to stop his investigation into alleged information leaks to Russia. Initial jobless claims landed at 232K versus the...
