NZDUSD has been on a strong downtrend in the past few weeks but price is pulling up to test a resistance level on its 1-hour time frame. Price is trading around the descending trend line connecting the recent highs and this resistance area lines...
USD The US dollar was able to benefit from risk-off flows once more, as the EU Summit resulted in an ultimatum for Greece to accept the bailout proposal or exit the euro zone. Apart from that, the selloff in the Chinese stock market has been weighing...
USDCHF is currently testing the resistance of the symmetrical triangle visible on its daily forex chart. Price is also encountering a ceiling around the moving averages, indicating that a selloff might take place. Stochastic is still moving up,...
USD The US dollar stayed supported at the start of the week after most of its currency counterparts were able to fill the gap from the weekend. Data from the US came in weaker than expected, as the ISM non-manufacturing PMI climbed from 55.7 to...
EURUSD has had trouble breaking past the 1.1400 major psychological barrier and has formed a double top pattern on its 4-hour chart. This reversal signal could indicate that the previous uptrend is over and that selling pressure is building up....
USD The US dollar was off to a running start this week as risk aversion settled in the markets. Greeks voted against the current bailout proposal, which involves further austerity measures. There were no reports released from the US on Friday since...
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near the 123.00 major psychological level. Stochastic...
USD The US dollar suffered a sharp selloff against its forex rivals in recent trading, thanks to weaker than expected NFP data. The report showed a 223K increase in hiring versus the projected 231K figure while average hourly earnings showed a...
USDJPY was rejected at the resistance of the descending channel on its 1-hour time frame, which suggests that the selloff could resume. The pair found resistance at the 123.50 minor psychological level and could head back towards support at 121.50....
USD The US dollar managed to advance against most of its major counterparts, as risk aversion stayed in the financial markets. Data from the US also came in better than expected, setting the stage for an upside surprise in the NFP. The ADP non-farm...
