AUDUSD formed lower highs and found support at the .7500 major psychological level, creating a descending triangle chart pattern. Price just broke below the triangle support, signaling that a downtrend is due. The chart pattern is approximately...
USD Dollar bulls were back in the game, thanks to strong leading jobs indicators and an upbeat FOMC statement. Fed officials shrugged off the Q1 GDP miss and assessed that growth could continue at a moderate pace and that inflation is likely to...
GBPUSD recently broke past its range resistance around the 1.2700 handle and found resistance at 1.2950. Price could be making a pullback to the broken resistance, and applying the Fib tool on the daily swing low and high shows that this area lines...
USD The US dollar chalked up a mixed performance on the lack of top-tier data from the US. Total vehicle sales was weaker than expected while reports released earlier in the week signaled a slowdown in the consumer sector. ADP non-farm employment...
EURJPY has formed higher lows and higher highs, creating a rising wedge formation on its 1-hour time frame. A breakout in either direction is possible, setting the tone for longer-term trends for this pair. A move below the 122.30 wedge support...
USD The US dollar was unable to establish a clear direction in recent trading as the latest batch of reports fell short of estimates. Personal income posted a meager 0.2% uptick versus the projected 0.4% gain while personal spending was flat instead...
GBPAUD recently broke to the upside from a symmetrical triangle formation and is now breaking past a double bottom neckline around 1.7100. This would mean strong bullish signals for the pair, as the chart patterns are approximately a thousand pips...
USD The US dollar was mostly stronger against its rivals on Friday even after the US advanced GDP reading turned out weaker than expected. The economy grew by 0.7% in Q1, lower than the projected 1.3% reading and the earlier 2.1% growth figure. However,...
EURAUD has been trending higher recently but profit-taking could happen as the pair is testing the top of its ascending channel on the 4-hour chart. If so, the pair could head back to the channel support at the 1.4300 area for a quick pullback. This...
USD The dollar had a mixed performance as it mostly reacted to currency-specific events. It weakened to the pound and yen but advanced against the euro and comdolls. Durable goods orders figures came in below expectations, and so did pending home sales...
