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...
GBPUSD is showing signs of a pullback from its selloff, possibly gearing up for a much-needed correction to the broken support around 1.2850-1.2900. Applying the Fib tool on the latest swing high and low on the daily time frame shows that this area lines...
USD The US dollar continued to slide against its peers as stock indices closed lower on election jitters. The FOMC kept interest rates on hold as expected, making some slight revisions in their rhetoric but still keeping December rate hike expectations...
EURAUD recently broke below support around the 1.4600 major psychological level then dropped to a low of 1.4125. From there, price showed signs of a pullback and is currently testing the 61.8% Fibonacci retracement level. The 100 SMA is below the longer-term...
USD The US dollar gave up a lot of its recent gains as election-related uncertainties weighed on US markets. Polls continued to show a narrowing lead for Clinton over Trump as the FBI investigation into her private email server is hurting her credibility....
