EURAUD has been moving sideways recently and the latest set of market events have allowed the range to hold. Price just bounced off the resistance at 1.4475 and is now headed back towards support at the 1.4150 minor psychological level. The 100...
USD The lack of top-tier US data releases kept the dollar functioning as a counter currency in recent sessions. It chalked up a mixed performance, advancing to the pound but giving up ground to the yen and commodity currencies. JOLTS job openings...
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines up with the Fib levels. In particular,...
USD The US dollar was able to regain some ground against its counterparts in the New York trading session, even though economic data came in mixed. The trade deficit widened from 36.2B USD to 42.6B USD on weaker export activity and a pickup in...
Cable has been trending higher recently, moving inside an uptrend channel visible on its 1-hour chart. Price just hit the top of the channel and is showing signs of a pullback to support at the 1.2500 major psychological support. Applying...
USD The US dollar had a mixed performance as it was barely able to benefit from stronger than expected ISM non-manufacturing PMI. The reading rose from 54.8 to 57.2, higher than the consensus at 55.3. The labor market conditions index also improved...
EURUSD made such a strong rally in recent trading and might be due for a quick pullback ahead of top-tier events. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 50% level lines up with the broken near-term resistance...
USD The US dollar had a mixed performance on Friday, as it erased some of its gains after the NFP release. The actual figure came in line with estimates of a 178K increase in hiring while the unemployment rate indicated a larger improvement to 4.6%....
USDCAD is trending lower, moving inside a descending channel on its 1-hour time frame. Price just bounced off the channel support and is making its way up to the resistance at the 1.3400 major psychological level. The 100 SMA is below the longer-term...
USD The US dollar gave up some of its recent gains despite seeing mostly stronger than expected reports. The ISM manufacturing PMI was up from 51.9 to 53.2 to indicate a faster pace of industry growth, but the jobs component saw a decline. The NFP is...
