EURUSD has been moving inside a range visible on its 1-hour time frame, finding support at the 1.1700 mark and resistance at 1.1800. Price is currently hovering around the mid-channel area of interest and could be due for a move back to support. ...
USD The dollar edged slightly lower at the start of the week as trader reacted to Bannon's resignation. This reminded market watchers of the internal conflict in Washington and how this could derail the fiscal reform agenda. Also, resurfacing...
GBPNZD has recently bounced off the top of its range at the 1.7900 major psychological level and is making its way to the bottom at 1.7400. If this holds as support, another bounce back to the resistance could take place. The 100 SMA is above the...
USD The dollar remained in a weak spot due to the fallout from Trump's response to the violence in Charlottesville. Economic data also turned out mixed, leaving some doubts on the Fed's ability to hike again in September. This was emphasized by...
GBPJPY was previously trading inside an ascending triangle visible on its daily time frame and has just broken below support to signal that bears have gotten the upper hand. The chart pattern is around 2300 pips tall so the resulting selloff could be...
USD The US dollar was weighed down heavily by downbeat housing starts and building permits, followed by the FOMC minutes and the fallout in Washington. Building permits fell from 1.28M to 1.22M while housing starts declined from 1.21M to 1.16M....
NZDJPY appears to be done with its tumble as price is forming an inverse head and shoulders pattern on its 1-hour time frame. Price also seems to have broken past the neckline at 80.00 to confirm that gains are in the cards. The chart pattern is...
USD The US dollar got a bit of a boost from stronger than expected July retail sales figures, along with positive revisions for the June report. The Empire State manufacturing index also posted a strong rise from 9.8 to 25.2, higher than the projected...
EURUSD is starting to trend lower and move inside a descending channel formation. Price is bouncing off support and might be due for a test of the resistance at the 1.1800 major psychological level. The 100 SMA is below the longer-term 200 SMA...
USD The US dollar recovered from its downbeat performance late last week, thanks to upbeat remarks from Fed official Dudley and a positive close for equities. Although it has been reported that Kim Jong Un has been briefed about the missile strike...
