USDJPY looks ready for more gains as the pair has formed a double bottom on its daily time frame. Price failed in its last two attempts to break past the 108.00 support zone and is on its way to test the neckline at 114.00-114.50. A break past this resistance...
USD The US dollar was mostly weaker against its peers even though the final GDP reading enjoyed an upgrade from 1.2% to 1.4% instead of staying unchanged as expected. Personal spending and income, along with the core PCE price index, are up for release...
The ascending channel on Cable's daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move back to support at...
USD The dollar gave up more ground to its counterparts as pending home sales turned out weaker than expected. The report printed a 0.8% decline versus the estimated 0.9% increase while the earlier figure was downgraded to show a 1.7% slide. Initial...
EURGBP continues to trend higher after breaking past a major range resistance visible on its longer-term charts. On the 1-hour time frame, it can be seen that the pair is moving inside an ascending channel formation and is testing support. The...
USD The dollar barely reacted to Fed head Yellen's testimony since she merely repeated their statements during the FOMC decision and reiterated that inflation is running below the committee's long-run objective. FOMC members Harker and Kashkari...
EURNZD appears to be pulling up from its dive with the recent strong bounce, but this might represent a mere correction from the long-term slide. Applying the Fib tool on the latest swing high and low shows potential pullback areas. In particular,...
USD The US dollar had a mixed run at the start of the week as weaker than expected durable goods orders kept gains limited. Headline durable goods orders fell 1.1% versus the projected 0.5% drop while the core reading had a 0.1% uptick versus...
AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that bulls are charging. The...
USD The US dollar was off to a weak start as economic reports turned out below expectations. Headline durable goods orders fell 1.1% versus the projected 0.5% dip while the core reading showed a 0.1% uptick instead of the estimated 0.4% gain....
