USDJPY has been trending higher recently, moving inside a rising channel pattern on the 1-hour time frame. Price just came off a test of resistance and might be ready for a pullback to the channel support, which is near the moving averages. The...
USD The US dollar regained ground against its peers when Fed Chairperson Yellen didn't sound too cautious in her testimony last Friday. She confirmed that a rate hike would probably be appropriate in the coming months, acknowledging that the US economy...
EURGBP has been selling off recently but it appears to be stalling at a longer-term correction level. Zooming out to the daily time frame reveals that price is stalling at the 50% Fibonacci retracement level and might be due for a bounce. A larger correction...
USD The US dollar returned some of its recent wins despite stronger than expected economic releases. Headline durable goods orders jumped 3.4% versus the projected 0.3% uptick while core durable goods orders beat expectations with a 0.4% increase....
NZDUSD has been trending lower on the short-term charts, moving inside a descending channel on the 1-hour time frame. Price is currently testing the resistance and a drop towards support might be due. The top of the channel lines up with the moving...
USD The US dollar gave up some of its recent gains when risk appetite improved in recent trading sessions. Data from the US economy was weaker than expected yesterday, as the flash services PMI fell from 52.8 to 51.2 instead of improving to the...
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel support held. Applying the Fib tool...
USD The US dollar returned some of its recent gains to the higher-yielding currencies when risk appetite improved. Data from the US came in mixed, with the new home sales report showing a rise from 531K to 619K and the Richmond manufacturing index...
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150 minor psychological level, creating...
USD The US dollar had a mixed performance as it reacted mostly to country-specific events. Data from the US was weaker than expected, as the flash manufacturing PMI slid from 50.8 to 50.5 instead of improving to the projected 51.0 reading, but...
