EURAUD has been trending lower and has recently broken below support around the 1.3800-1.3850 area. Price has dipped to 1.3725 before showing signs of a correction, and applying the Fib tool on the swing high and low on the 1-hour chart shows that...
USD The US dollar gave back some of its recent gains when Fed head Yellen sounded less upbeat in her second testimony. Traders focused on her remarks about weak business investment and slow productivity, which is dampening wage growth and inflationary...
AUDUSd has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing the resistance at the .7700 major psychological level and might be due for a selloff back to the channel...
USD The US dollar got a boost from Fed Chairperson Yellen's testimony, as she confirmed that a rate hike is possible in their upcoming meetings. Traders took this to mean in their March statement since this comes with a press conference. Yellen downplayed...
AUDUSD bounced off support around the .7615 area once more and is now making its way back to the top of its short-term range visible on the 1-hour time frame. Price could find resistance near .7700 and head back to the bottom again. The 100...
USD The US dollar had a mixed performance as it consolidated to the yen but advanced to the euro. There were no major reports out of the US economy yesterday but investors seemed to gain some assurance after Trump's meeting with Trudeau. Traders...
GBPJPY has formed lower highs and higher lows, creating a symmetrical triangle pattern visible on its 4-hour time frame. Price is getting ready to test the resistance around the 142.50 minor psychological level and could be due for a bounce or...
USD The US dollar held on to its recent gains as traders are hopeful that Trump can announce details on his tax reform plan soon. Economic data from the US was actually weaker than expected on Friday, as the preliminary UoM consumer sentiment...
NZDUSD recently broke past a descending trend line visible on its 4-hour and daily time frames, signaling that an uptrend is due. Price zoomed past the .7300 mark before showing signs of a correction, and applying the Fib tool on the latest swing...
USD The US dollar strengthened across the board on Trump's promise to announce a "phenomenal" tax plan in the coming weeks. Equity indices closed at record highs, buoyed by a pickup in aviation shares on promises of reform in that industry as...
