EURUSD recently broke below its descending triangle support at 1.1130 and has dipped to a low of 1.0988 before showing signs of a pullback. Applying the Fib tool on the latest swing high and low shows that the 61.8% Fibonacci retracement level...
USD The US dollar sold off then recovered during the release of the FOMC minutes, as the transcript still contained some degree of caution from policymakers. Still, most committee members acknowledged that the September decision was a close call...
EURJPY is trending lower on its 4-hour time frame, moving inside a descending channel formation. Price is currently testing the resistance around 116.00 and might be due for a selloff back to support at the 111.00 major psychological level. The...
USD The US dollar gave back some of its recent gains as traders probably booked profits ahead of the FOMC minutes release later today. Economic data from the US was weaker than expected but these were just low-tier reports such as the NFIB small business...
EURAUD has been selling off recently but could be due for a bounce as price is nearing the bottom of the range on its 1-hour time frame. If the bottom of the range at the 1.4550 minor psychological support keeps losses in check, the pair could...
USD The US dollar resumed its climb against its peers during the US session even as traders were out for the holiday. Only low-tier reports such as the NFIB Small Business Index and labor market conditions index are due from the US today, although strong...
USDCAD has formed higher lows and higher highs, creating a rising wedge formation visible on its 4-hour chart. Price is currently testing the wedge support at 1.3185 and could be due for a breakout soon. If support holds, price could head back...
USD The US dollar gave back some of its recent gains when the NFP reading missed expectations. The actual figure landed at 156K versus the 171K consensus but the previous reading was upgraded from 151K to 167K. Average hourly earnings rose 0.2% as expected,...
EURAUD was recently in a downtrend before price formed an inverse head and shoulders pattern on its 1-hour time frame. Price has yet to break past the formation's neckline around the 1.4775 level before confirming the potential reversal. The 100 SMA...
USD The Greenback managed to squeeze out more gains on Thursday as medium-tier jobs data came in strong. Initial jobless claims stood at 249K versus the estimated 255K figure and the earlier 254K reading. Challenger job cuts showed a larger 24.7% fall...
