NZDUSD has formed lower highs and higher lows on its 1-hour chart, creating a symmetrical triangle pattern. Price just bounced off support and could be due for a move back to resistance. The 100 SMA is below the longer-term 200 SMA on this chart so the...
USD The US dollar regained ground as the Fed labor market conditions index saw an upgrade for the March report while traders turned their attention to Wall Street reform. The Treasury Committee headed by Mnuchin had a closed-door meeting to discuss...
NZDUSD could be in for a reversal from its selloff as the pair formed a double bottom pattern on its 1-hour chart. Price still has to test and breakout from the neckline at the .6960 level before confirming that an uptrend is in order. The chart pattern...
USD The Greenback didn't post much gains on Friday even after economic data turned out stronger than expected. The NFP report indicated a 211K increase in hiring versus the projected 194K figure. However, there were downward revisions to earlier reports....
USDCAD has been trading inside an ascending channel on its long-term time frames and is currently testing resistance. If this holds, price could make a correction to support and the nearby Fib levels. In particular, the 61.8% retracement level coincides...
USD The US dollar had a mixed performance as it gave back some of its post-FOMC gains to the European currencies but managed to stay afloat against the comdolls. Medium-tier reports such as the Q1 unit labor costs and productivity turned out stronger...
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...
