USDJPY seems to be tired from its selloff as it formed a double bottom pattern on its 4-hour chart. Price failed in its last two attempts to break below the 111.50 area and might be due for a break of the neckline at 114.50. If that happens, price...
USD The US dollar held on to most of its recent gains as January factory orders came in slightly better than expected at 1.2% versus 1.1%. This marks the second consecutive positive reading, signaling strong manufacturing activity down the line. US...
AUDUSD recently broke below its ascending channel support around the .7650 minor psychological mark and dipped to .7550. Price seems to be showing signs of pulling back and applying the Fib tool on the latest swing high and low shows that the 61.8% level...
USD The US dollar staged a strong rally against its peers late on Friday after FOMC policymakers confirmed the possibility of a March Fed rate hike. Yellen admitted that waiting too long to tighten could also be harmful for the economy and...
USDCAD bounced off long-term support around the 1.3100 major psychological level recently and seems to be setting its sights on the top of the range at the 1.3550 minor psychological mark. Price has already moved past the middle of the range, indicating...
USD The dollar continued to advance against its peers as risk aversion came into play. Initial jobless claims came in stronger than expected and traders continue to expect strong jobs momentum, which could confirm a Fed rate hike in March. US ISM non-manufacturing...
EURAUD has been trending lower on its daily time frame, moving below a descending trend line connecting the latest highs of price action. Price bounced off a low of 1.3625 and looks ready for a pullback to the falling resistance level. Applying...
USD The US dollar continued to rally against its counterparts as traders focused on Fed rate hike talks and the fact that Trump sounded more presidential in his recent testimony in front of Congress. Economic data was also mostly stronger than expected,...
GBPUSD bounced off the resistance at the 1.2650 minor psychological level and broke below the near-term consolidation support at 1.2400, confirming that sellers are taking over. Price is now making its way towards the long-term support at the 1.2100...
USD The US dollar was off to a weak start in the absence of upgrades in its Q4 GDP reading of 1.9% but soon recovered upon seeing stronger Chicago PMI and Richmond manufacturing index readings. Dollar traders appear to be holding out for Trump's...
