GBPJPY has staged a strong rally recently but is currently hitting the ceiling at the top of its descending channel pattern visible on the 4-hour chart. If this area keeps gains in check, price could head back towards support at the 122.00 area...
USD The US dollar was off to a poor start when Trump's victory became apparent but pulled off a strong comeback during the US session as equities recovered. Investors seem to be pricing in the potential impact of corporate tax reforms and...
NZDUSD has sold off recently but appears to be approaching a rising trend line that's just forming on its 1-hour time frame. A bounce off this support area could lead to a test of the previous highs at the .7400 major psychological level or the...
USD The US dollar failed to establish a clear direction while the elections were going on, only to tumble sharply when Trump started gaining the lead in electoral votes. US futures are deep in the red at this point, as a Trump win could lead markets...
The top of the range on EURJPY still held as a ceiling as risk aversion returned to the markets. Price is now making its way towards support at the 112.75 area and might even be poised for a break lower. The moving averages are still oscillating,...
USD The US dollar continued to advance against its peers as US stock markets closed higher again on the eve of the elections. Markets seem hopeful that Clinton will emerge victorious, as this scenario would mean less uncertainty for the...
USDJPY is trending higher, moving inside an ascending channel on its 4-hour time frame. Price just bounced off the resistance late last week and is pulling back towards support at the 102.00 major psychological level. The pair closed at the...
USD The US dollar took a hit on Friday when the NFP report printed a lower than expected 161K gain versus the estimated 174K increase. The jobless rate fell from 5.0% to 4.9% as expected while average hourly earnings posted a 0.4% gain versus the projected...
USDCAD has been trending higher and moving inside an ascending channel on its 4-hour time frame. Price is currently testing the resistance and seems to be indicating that a test of support is in order. Stochastic is indicating overbought conditions and...
USD The US dollar chalked up another round of declines against its peers as economic data came in mostly weaker than expected, except for factory orders which posted a slightly stronger 0.3% gain versus the estimated 0.2% uptick. Initial jobless claims...
