Market Info

After breaking below support at the .8700 major psychological level and dipping to the .8550 mark, AUDUSD has pulled up to the area of interest and may be due to resume its drop soon.  The 38.2% Fibonacci retracement level lines up with the...

USD   The US dollar had a mixed performance as it regained ground to the pound, euro, and yen but continued to weaken to the rest of its counterparts.  There were no reports released from the US yesterday, leaving risk sentiment as the main...

AUDUSD has recently broken below the .8700 major psychological support zone and dipped to the .8550 area before making a pullback.  This correction might last until the broken support area and the Fibonacci retracement levels on the 4-hour time...

USD The US dollar gave up ground to its forex counterparts on Friday when the US non-farm payrolls figure missed expectations.  Hiring picked up by 214K when analysts were expecting to see a 235K gain, although the jobless rate improved from 5.9%...

GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action.  At the same time, stochastic is indicating overbought conditions, suggesting that sellers could take control of price action...

USD Dollar traders are gearing up for the release of the October NFP report in today’s US trading session, which could show a slightly slower pace of jobs gains.  However, leading indicators of employment such as the ADP non-farm employment change a...

GBPAUD recently made a strong upside break past resistance at the 1.8400 major psychological level and may be due for a retracement.  The Fib levels based on the latest swing low and high on the 1-hour chart show that the 50%-38.2% area lines up...

USD The US dollar advanced to the pound and most of its major counterparts in recent trading, as data from the US came in mixed.  The ADP non-farm employment change figure saw a 230K gain versus the estimated 214K increase while the previous month’s r...

GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards.  After dipping close to the 1.5850 minor psychological support, price has pulled up for a retest of the area of interest. The broken...

USD The US dollar returned some of its recent forex trading gains as traders booked profits ahead of the mid-term elections, which pose a risk to dollar trends.  Economic data from the US was weaker than expected, with factory orders posting a...