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...

GBPJPY has been on a steady uptrend, moving above an ascending trend line connecting the latest lows of price action on its 1-hour chart. Price has surged past the 145.00 mark before showing signs of a pullback and applying the Fib tool on the latest...

USD The US dollar was able to hold its ground, thanks to mostly upbeat economic data. The ADP non-farm employment change reading hinted at an upside NFP surprise while the Chicago PMI posted a sharp climb. Personal income was higher than expected but...

USDJPY continues to trend higher, moving above a rising trend line on its 1-hour time frame.  Price recently broke past the resistance around the 113.50 minor psychological level and zoomed up to the 114.50 area before pulling back. Applying the...

USD The US dollar had a mixed performance despite seeing stronger than expected economic reports.  The Q3 GDP reading was upgraded from 2.9% to 3.2% while the CB consumer confidence showed a large jump for the month. The core PCE price index, along...