USD The US dollar chalked up another day of losses as traders are starting to get weary of waiting for Trump's "phenomenal" tax reform announcement. According to Treasury Secretary Mnuchin, it will take until 2018 or so before the impact of the...
NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart. Price has yet to break above the neckline around the .7250 level to confirm the reversal. ...
USD The US dollar was off to a good start but wound up retreating when the FOMC minutes were released. Even though policymakers judged that a rate hike is appropriate "fairly soon" they did specify that this hinges on whether or not incoming jobs and...
EURJPY is trending lower on its 4-hour chart, moving inside a descending channel connecting the latest highs and lows of price action. The pair is bouncing off support at the moment and may be due for a test of resistance. The 100 SMA is...
USD The US dollar was mostly stuck in consolidation against its peers as downbeat medium-tier data cast doubts on a March rate hike. The Markit flash manufacturing PMI fell from 55.0 to 54.3 versus the 54.7 consensus while the services PMI slid from...
EURGBP formed a long-term reversal pattern visible on its daily time frame, signaling that price is done with its climb and that a selloff could be due. The pair is still testing the neckline support at .8400-.8450 at the moment but a break lower...
USD The US dollar was able to rake in some gains even though traders were out on a Presidents' Day holiday yesterday. Futures are pointing to a strong open today and stocks could sustain their gains if earnings come in strong and Trump drops more...
GBPUSD formed lower highs and found support at the 1.2400 major psychological level recently, creating a descending triangle chart pattern. Price just bounced off the resistance and is moving closer to testing support. The pair is also approaching...
USD The US dollar was mostly stronger on Friday but it gave up ground to the Japanese yen. US CB leading index climbed 0.6% versus the 0.5% forecast and the earlier reading. There are no reports due from the US economy today so low liquidity...
USDJPY recently broke above its descending channel visible on the 1-hour time frame, indicating that it's done with its downtrend. Price climbed up to a high of 115.00 before pulling back and applying the Fib tool on its latest swing high and low...
