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...
USDJPY has been trending lower on its 1-hour time frame, moving inside a descending channel since the start of the year. Price is now testing the channel resistance and might be due for a drop back to support at 111.00. The 100 SMA is below...
USD The US dollar had another mixed performance as there were no major reports to provide any direction. Besides, US President Trump can't seem to make up his mind if he wants a strong or weak dollar. Initial jobless claims and final wholesale...
EURJPY is trending lower after recently breaking below its consolidation pattern with support at 121.00-121.50. Price is now moving inside a descending channel and testing support, possibly setting the stage for a pullback to the resistance. ...
USD The US dollar had a mixed performance as it merely reacted to country-specific events. Data from the economy turned out in line with expectations, with the trade deficit narrowing on stronger imports and exports and the JOLTS job openings...
