GBPNZD has formed higher lows and found resistance around the 1.7900 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is still hovering around the triangle support near the 1.7750 mark, still deciding...
USD US CPI figures came in weaker than expected as the headline and core readings came in at 0.1% versus the projected 0.2% pickup, further dampening September rate hike expectations. There are no major reports lined up from the US today so dollar...
NZDJPY continues to trend lower as its moves below a descending trend line visible on the 1-hour and 4-hour time frame. Price could be due for another pullback to the trend line, which lines up with the 61.8% Fibonacci retracement level. The 100...
USD The US dollar was in a weak spot against its peers, weighed down by weak PPI, downbeat Fed rhetoric, and threats from North Korea. US equity indices chalked up large losses for the day as investors are starting to get worried about an actual...
EURGBP is still trending higher as it tests the top of the ascending channel resistance visible on the 4-hour time frame. Stochastic is moving up to signal that there's still some bullish pressure left but the oscillator is also closing in on the overbought...
USD The US dollar raked in some gains on risk-off flows but returned some of these when markets calmed down. Data indicated that wage pressures could remain subdued as unit labor costs posted a weaker than expected 0.6% uptick versus the projected...
NZDJPY has been trending lower on its short-term time frames after recently bouncing off a long-term ceiling. Price is forming a descending trend line and a correction is underway. Applying the Fib retracement tool on the latest swing low and high...
USD The US dollar staged a strong rally after seeing another round of upbeat medium-tier data. The JOLTS job openings figure came in at a record high of 6.16 million, signaling plenty of hiring opportunities and a likely pickup in employment in...
AUDNZD made higher highs and higher lows, moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and looks ready for another test of support. Using the Fib tool on the latest swing low and high shows...
USD The US dollar was off to a slow start for the week as there were no major reports released. Two Fed officials shared their thoughts on future policy moves, with both Kashkari and Bullard urging to start the balance sheet runoff soon since...
