GBPJPY recently broke below a head and shoulders reversal formation, signaling that a long-term downtrend is in the cards. Price seems to be pulling up from its slide, though, and applying the Fib tool on the latest swing high and low shows that...
USD The US dollar was unable to establish a clear direction in recent sessions as US data came in mixed. Consumer credit showed strong gains in November while the Fed's labor market conditions index slumped back to negative territory at -0.3. JOLTS...
EURAUD recently broke past resistance at the 1.4400 major psychological level and zoomed up to the 1.4700 area. Price has since pulled back and is currently testing the broken resistance at the 50% Fibonacci retracement level. The 100 SMA is above the...
USD The US dollar gave up a bit of ground when the actual December NFP reading fell short of estimates, posting a 158K gain versus the projected 175K increase. However, the currency held fast and advanced later on as traders got wind of upward...
USDCAD has been trending higher on its long-term time frames, moving inside an ascending channel that has held for the most part of 2016. Price is currently testing the channel support and could be due for a bounce as a spinning top candle has formed. ...
USD The US dollar had another weak performance after leading jobs indicators missed expectations. The ADP report printed a meager 153K gain versus the projected 171K figure and the earlier 215K increase while the jobs component of the ISM non-manufacturing...
EURGBP has formed higher lows on its 1-hour chart and is testing resistance at the .8575, creating an ascending triangle formation. Price is approaching the peak of the triangle so a breakout in either direction might be due soon, taking price...
USD The US dollar gave up ground across the board when the FOMC minutes revealed that policymakers were split between faster and gradual tightening. While many expect inflation to reach their 2% target soon on rising energy prices, others expressed...
GBPUSD has been selling off recently but a reversal pattern has formed on its 1-hour time frame. Price failed in its last two attempts to break below the 1.2200 major psychological level, creating a double bottom with a neckline around 1.2380. ...
USD The US dollar scored gains across the board, buoyed by upbeat economic data. The ISM manufacturing PMI was up from 53.2 to 54.7, much higher than the projected 53.7 figure. Components for prices, employment, production, and new orders all...
