EURGBP recently broke to the upside from an ascending triangle formation and zoomed up to a high of .8850. From there, price showed signs of a correction to the broken triangle resistance at the .8520 area. Applying the Fib tool on the latest...
USD The US dollar was still a big loser in recent sessions as traders seemed hesitant to bet on the economy with Trump taking the lead. The new President has signed an executive order quitting TPP and halting federal hiring while discussing his...
USDJPY is trending lower on its 1-hour time frame, moving inside a descending channel and approaching support at the 111.50-111.75 area. A bounce off this area could take price back up to the channel resistance around the 114.00 major psychological level. ...
USD The US dollar continued to edge down against its counterparts even after Trump's inauguration, as investors remained wary of fiscal policy plans and changes in trade relations. After all, Trump did say that he plans on renegotiating NAFTA...
The 1.0400 handle seems to be holding as a long-term floor for EURUSD once more, as price bounced off this area and might now be headed back to the top of its range around 1.1500. This range has held since February last year and might continue to do...
USD The US dollar failed to establish a clear direction in recent trading as it initially rallied on upbeat data but soon gave up its intraday gains. The Philly Fed index, initial jobless claims, and housing starts figures came in better than...
USDJPY continues to trend lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price is currently bouncing off the channel resistance at the 115.50 minor psychological level and could be due for...
USD The US dollar made a strong comeback in the forex arena, buoyed by upbeat data and hawkish remarks from Fed head Yellen. CPI and industrial production reports came in line with consensus while Yellen praised the economy for moving closer to...
GBPJPY has been trending lower since breaking below the head and shoulders neckline recently. Price has reached a low of 136.40 before pulling up and showing signs of a correction. Applying the Fib tool on the latest swing high and low shows that...
USD The dollar weakened to most of its counterparts as Fed rhetoric, weak data, and Trump jitters were in play. The Empire State manufacturing index fell from 9.0 to 6.5, lower than the 8.1 consensus, while FOMC member Dudley cast doubts on the Fed's...
