EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows. However, price made a downside break of support recently, indicating that a reversal might take place. EURAUD had been...
USD The US dollar gave up ground against the commodity currencies and the yen but advanced to the euro and pound. The US flash manufacturing PMI came in weaker than expected, falling from 52.4 to 51.0, worse than the projected dip to 52.3. US existing...
NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart. Price recently broke past the triangle resistance and zoomed up to the .6725 level before showing signs...
USD The US dollar drew some support from upbeat CPI readings but was hardly able to recover against the comdolls. The headline CPI showed a flat reading instead of falling by the projected 0.1% figure while core CPI rose 0.3% versus the projected...
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for...
USD The US dollar took advantage of the return in risk aversion in recent trading sessions, advancing against the commodity currencies. Data from the US economy was mostly stronger than expected, as the Philly Fed index improved from -3.5...
GBPAUD has been trending lower, moving below a descending trend line connecting the latest highs of price action. The pair seems to be in the middle of a pullback and using the Fibonacci retracement tool on the latest swing high and low shows that...
USD The US dollar had a volatile run during the release of the FOMC minutes but was mostly unchanged against its counterparts, except for the commodity currencies. Fed officials highlighted the increased downside risks to growth and inflation...
NZDUSD had previously been trading inside a symmetrical triangle formation but broke to the downside. Price then dipped to a low of .6550 before showing signs of a pullback. Using the Fib tool on the breakout move shows that the 50% level...
USD The US dollar was off to a strong start when risk appetite waned in the earlier trading sessions. However, the currency returned some of its wins when data from the economy missed expectations. The Empire State manufacturing index improved...
