USDCHF is still trending higher on its 4-hour chart, as the price dropped to the bottom of the rising channel then bounced off support. This could take the pair back up to the top of the range near the 1.0000 major psychological resistance. ...
USD The US dollar took advantage of the run in risk aversion in recent trading sessions, after the Chinese central bank announced a devaluation of its currency. Aside from that, data from the US economy came in stronger than expected, with...
NZDUSD broke below the triangle support on its 1-hour forex time frame, indicating that further losses are possible. The pair broke below the .6500 major psychological level and could be in for a 300-pip drop, which is the same height as the chart...
USD The US dollar gave up ground in yesterday’s trading sessions when the labor market index fell from 1.4 to 1.1, leading some traders to pare expectations on a Fed rate hike this September. Testimonies from Fed officials have also been mixed, w...
AUDCAD recently broke past a consolidation pattern on its long-term time frames and is currently making a pullback. Price is finding support around the 50% Fibonacci retracement level, which lines up with the former resistance around the .9550-.9600...
USD The US dollar had a volatile trading run on Friday, as the NFP report came in slightly weaker than expected. The economy added 215K jobs in July, lower than the projected 225K gain. However, the previous figures enjoyed upgrades amounting...
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200...
USD The US dollar had a mixed performance as it reacted to currency-specific events from its forex rivals. Aside from that, traders are probably positioning ahead of the NFP release later today, as this could serve as a sign of whether or not the Fed...
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount. Stochastic is on the move down,...
USD Despite mixed economic reports from the US, the dollar managed to advance against most of its forex counterparts in recent trading. The ISM non-manufacturing PMI posted a huge upside surprise, as the reading climbed from 56.0 to 60.3 in July....
