USD The US dollar regained a lot of ground after the final Q4 GDP reading was upgraded from 2.0% to 2.1% on stronger consumer spending and a couple more FOMC members supported the likelihood of seeing three rate hikes this year, allowing the Nasdaq to...
EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame. Price could test support at the 1.0650 minor psychological level and bounce...
USD Dollar pairs were moving mostly sideways in the past few trading session as traders were on edge with the Brexit developments in Europe. Investors are also waiting for more clues from the Trump administration on their reform agenda. Data from the...
GBPJPY continues to trend lower and is moving inside a descending channel on its 4-hour chart. Price just bounced off support at the 137.50 minor psychological level and could be on its way for a test of resistance at the 139.00 major psychological mark....
USD The dollar was able to get back on its feet upon seeing mostly stronger than expected reports. The CB consumer confidence index rose from 116.1 to 125.6 - its highest reading in more than 16 years. The Richmond manufacturing index also turned out...
NZDUSD seems to be tired from its climb as a short-term reversal pattern formed on its 1-hour chart. Price failed in its last two attempts to break past the .7050 minor psychological resistance and is testing the support near .7000, creating a double...
USD The US dollar found some relief on remarks indicating that Trump will take another shot at the healthcare bill and that the administration is aiming for August in terms of enacting tax reform. There were no reports out of the US economy yesterday,...
EURAUD has formed higher lows and higher highs, moving inside an ascending channel pattern visible on its 4-hour chart. Applying the Fib tool on the latest swing high and low shows that the 61.8% retracement level lines up with the channel support just...
USD The US dollar is on weak footing after Congress decided to withdraw the healthcare bill, knowing that they didn't have enough votes to repeal Obamacare. This deals a huge blow of confidence to the Trump administration as investors start to doubt...
EURGBP has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows of price action. Price gapped higher over the weekend and is about to test the channel resistance around .8670. The 100 SMA...
