EURAUD seems to be completing a complex double bottom pattern on its daily chart, with price currently testing the neckline around the 1.4400 major psychological mark. An upside breakout past this resistance would mark the start of a longer-term...
USD The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month. Data from the US economy came in slightly better than expected, as the...
The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month The short-term EMA has been moving below the long-term EMA on the same time frame,...
USD The US dollar returned some of its recent gains when data from the economy came in mixed yesterday. Initial jobless claims data came in below expectations, showing a 282K increase versus the estimated 271K gain. Pending home sales came in...
GBPNZD has been treading higher on its short-term time frames, creating a rising wedge pattern on its 1-hour chart. Price has recently bounced off support at the 2.1200 major psychological level and is making its way to the top around 2.1500. If...
USD The US dollar continued to advance against its currency counterparts, most notably the yen and the Canadian dollar, even though there were no economic reports released from the US. For today, the initial jobless claims report is up for release...
USDCAD has been climbing since the middle of the month but may be due to head south again, as the pair is hitting an area of interest. Price appears to be finding resistance at the 61.8% Fibonacci retracement level, which lines up with the broken...
USD The return of US traders from their Memorial Day vacation was enough to usher in strong demand for the dollar, which was able to break to new highs against the Japanese yen. Data from the US came in line with expectations, as the headline...
USDCHF is currently testing a potential resistance zone, which is near the broken support at the .9500 major psychological level. If this area holds as a ceiling, price could turn back down and head to its previous lows around the .9100 major psychological...
USD The US dollar was able to chalk up a few gains against its forex counterparts in recent trading, even as banks were closed in celebration of Memorial Day. There have been no economic reports released from the US at the start of the week, leaving...
