EURJPY has formed lower highs and higher lows, creating a symmetrical triangle formation visible on its 4-hour time frame. Price just bounced off the resistance and is on its way to testing support at the 124.00 major psychological mark. The 100 SMA...
USD The dollar sold off heavily on Friday when the NFP reading fell short of estimates, casting doubts on a June hike. The economy added 138K jobs in May versus the projected 181K increase and the earlier reading, which was downgraded to 174K. The unemployment...
EURCAD has formed higher lows and higher highs, consolidating in a rising wedge formation on its 4-hour chart. Price seems to have bounced off the resistance at the 1.5250 minor psychological level and could be due for a test of support. The 100 SMA...
USD The dollar got a boost from upbeat leading jobs indicators, namely the ADP employment change and ISM manufacturing PMI. The former climbed from 174K to 253K, outpacing the consensus at 181K, while the latter ticked up from 54.9 to 54.9 instead of...
GBPJPY has been trending lower on its 1-hour chart, moving inside a descending channel formation. Price is currently testing the resistance and could be due for a move back to support around 140.50. The 100 SMA is below the longer-term 200 SMA on this...
USD The dollar was barely able to establish a clear direction in recent trading as economic data came in mixed. The Chicago PMI surprised with a jump from 58.3 to 59.4, outpacing the consensus at 57.0 to reflect a much stronger pace of industry expansion....
NZDJPY has been moving sideways, bouncing off support around the 78.00 major psychological level and resistance at 78.85. Price just got rejected on its test of the resistance and could be setting its sights back on support. The 100 SMA is above the...
USD The US dollar scored a few gains when the core PCE price index printed a larger than expected 0.2% gain versus the projected 0.1% uptick. Personal income and spending both posted 0.4% gains as expected while the CB consumer confidence index for...
GBPNZD has sold off quite sharply recently but this dive could come to a halt as price nears an area of interest. Recall that the pair also broke past the neckline of a double bottom pattern, indicating that further gains are in the cards. Applying the...
USD The US dollar was barely moving in recent trading sessions as traders were out enjoying Memorial Day. There were no reports out of the US economy then while today has the core PCE price index, as well as personal spending and income data. The CB...
