USD The US dollar was still no match to its major currency counterparts as it lost a lot of ground to the franc, Kiwi, pound, and Japanese yen. USD/JPY tumbled to the 101.50 minor psychological support and bottom of the rising channel, indicating a...
AUD/JPY recently made a strong break and sustained rally past the 94.00 major psychological level but it appears that a quick correction might take place. The pair has retreated upon reaching the 96.00 major psychological resistance and might bounce off...
USD The US dollar drew no support from traders in recent trading sessions, as there were no major reports released from the US economy and price action was still governed by the latest NFP disappointment. JOLTS job openings data is due today, along...
NZD/USD recently broke below a rising trend line connecting the lows of the price, indicating that the previous uptrend is already over. Before heading any lower though, the pair made a quick retracement move to the Fibonacci levels on the 1-hour time...
USD The US dollar retreated to most of its major counterparts on Friday when the non-farm payrolls report churned out weaker than expected results. Although the February figure was revised higher, the March reading came in below the consensus of a 200K...
After trending lower towards the end of last year and the start of this year, CAD/JPY has formed a consolidation pattern and is indicating a possible reversal of the previous downtrend. A triple bottom can be seen on its 4-hour time frame and a break...
USD The US dollar managed to end the day higher than most of its major counterparts despite a round of weak economic data. The trade balance release showed a wider deficit, indicating weakness in trade, while the initial jobless claims showed a higher...
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the previous 175K figure and enough to...
USD The US dollar had a pretty good run yesterday, as the ADP non-farm employment change figure came in line with expectations. The actual figure showed a 191K increase in payrolls, leading traders to price in a good NFP release for Friday. The previous...
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225 level though before confirming the potential downtrend....
