US Dollar (USD)

EURUSD awaits breakout The US dollar stays rangebound as traders await the April CPI data. On the daily chart, the pair is grinding along the dynamic support from the 20 and 30-day SMAs. As sentiment remains upbeat from the medium-term…
Read More

EURUSD hits resistance The US dollar clawed back losses with robust new home sales in March. The price is still trying to hold on to recent gains after rallying above this year’s high of 1.1000. A drop below the closest support at…
Read More

EURUSD bounces back The euro inched higher as retail sales across the bloc beat expectations in March. After bouncing off the daily swing low of 1.0540 the single currency is striving to resume its uptrend from last November. The…
Read More

EURUSD breaks higher The US dollar struggles as the market prepares for a 25-basis-point rate hike by the Fed. A pop above last week’s liquidation point at 1.0760 sends a strong bullish signal, prompting sellers to cover their bets. As…
Read More

AUDUSD recoups losses The Australian dollar slid as the RBA minutes showed policymakers may reconsider pausing rate hikes. The selling pressure eased after the pair gained a foothold over 0.6570. A close above last week’s high of…
Read More

USDCHF bounces back The US dollar popped after Fed Chair Jerome Powell hinted at a return to larger rate increases. On the daily chart, after pulling back from its three-month high at 0.9440, the greenback found…
Read More

DXY is forming a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that sub-waves  Ⓦ-Ⓧ-Ⓨ-Ⓧ have already ended. The actionary wave Ⓨ is a double zigzag and the intervening wave Ⓧ is a standard zigzag. In the near future, the price…
Read More

As anticipated, the nominee to succeed Kuroda at the head of the BOJ provided testimony before the parliament. There was a lot of anticipation ahead of the event, so see if and what policies might change. On Friday he spoke before the lower…
Read More

EURUSD drifts lower The US dollar extended gains helped by upbeat PMIs in February. On the daily chart, a bearish MA cross after the price pierced the moving averages suggests that a correction is due after a three-month long rally.…
Read More