GBPAUD has formed lower highs and found support at the 1.7375 area, creating a descending triangle formation on its 1-hour time frame. This chart pattern is around 250 pips tall so a breakout in either direction could result in a rally or selloff of...
USD Dollar weakness stayed in play for Friday as traders continued to worry about the repercussions of the investigation on Trump's intelligence information leak to Russia. There were no reports released from the US then so the focus was on political...
EURJPY recently broke below its short-term ascending trend line to indicate that a reversal from the uptrend is in order. Price dipped to the 122.50 minor psychological support then pulled back up to the broken support, which might now keep gains in...
USD The dollar recovered against its peers on strong medium-tier data and indications that former FBI director Comey was not pressured to stop his investigation into alleged information leaks to Russia. Initial jobless claims landed at 232K versus the...
GBPUSD enjoyed additional volatility recently but is still trading safely inside its ascending channel on the 1-hour time frame. Price just bounce off support and could be due for another test of resistance. The 100 SMA is also above the longer-term...
USD The dollar was barely able to benefit from risk-off flows as concerns about the Trump administration remained in the spotlight. The US Justice Department ordered an official investigation on the alleged information leak to Russia so market watchers...
GBPUSD has been trending higher recently, moving inside an ascending channel visible on its 1-hour and 4-hour charts. Price just bounced off support and could be due for a test of resistance from here. The 100 SMA is above the longer-term 200 SMA on...
USD The US dollar gave up some ground to its peers as equity indices and bond yields slid lower on national security issues with the Trump administration. Economic data has been mixed, with building permits and housing starts falling short of estimates...
EURJPY is still trending higher and has recently broken past the resistance at the 124.50 minor psychological level. Price zoomed up close to the 126.00 resistance from there but could be due for a pullback before posting more gains. Applying the Fibonacci...
USD The dollar was slightly weaker for the day after the Empire State manufacturing index slid from 5.2 to -1.0 instead of improving to 7.2. Underlying data showed declines in new orders and shipments, casting some doubt on June rate hike forecasts....
