Can USD/CAD Break 1.2900 Resistance?

Key Highlights The US Dollar traded higher and moved above 1.2750 against the Canadian Dollar. There is a major bullish trend line forming with support at 1.2720 on the daily chart of USD/CAD. The Canadian GDP in Feb 2018 (MoM) grew 0.4%, more than the forecast of +0.3%. Today, the ADP Employment Change for April 2018 will be released, which is forecasted to post ...
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GBP/USD Turned Bearish Below 1.4100?

Key Highlights The British Pound traded lower recently and broke the 1.4100 support against the US Dollar. There was a break below a major bullish trend line with support at 1.4060 on the 4-hours chart of GBP/USD. The US ADP Employment Change in March 2018 posted a rise of 241K, more than the forecast of 205K. Today, the UK Services PMI for March 2018 will be rele...
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GBP/USD is Approaching Crucial Resistance

Key Highlights The British Pound started a new upside wave and traded above 1.3800 against the US Dollar. There is a crucial bearish trend line forming with resistance at 1.3980 on the 4-hours chart of GBP/USD. The US Factory orders declined 1.4% in Jan 2018, more than the forecast of -1.3%. The US Trade Balance figure for Jan 2018 will be released today, which is...
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Gold Price Forming Short-term Top?

Key Highlights Gold price is in a monster uptrend and it recently traded above the $1,360 level against the US Dollar. It seems like a short-term correction is underway with a break of a bullish trend line with support at $1,350 on the daily chart of XAU/USD. The US ADP Employment Change in January 2018 was 234K, more than the forecast of 185K. The Fed interest ra...
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USD/JPY Remains In Broad Range of 112.00-114.00

Key Highlights The US Dollar succeeded in holding the 112.00 support against the Japanese Yen, and moved higher. The USD/JPY pair is approaching a major bearish trend line with current resistance at 113.10 on the 4-hours chart. The 113.10, 113.50 and 113.80 levels are major upside barriers for buyers in the near term. The US ADP Employment Change in Dec 2017 regis...
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Gold Price Turns Bearish Versus US Dollar

Key Highlights Gold price made a U-turn and declined below the $1275 support against the US Dollar. There was a break below an important ascending channel with support at $1282 on the 4-hours chart of XAU/USD. The US ADP Employment Change in Nov 2017 was 190K, better than the forecast of 185K. Today, the US Initial Jobless Claims for the week ending Dec 2, 2017 wi...
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Crude Oil Price to Decline Further Towards $55.00?

Key Highlights Crude oil price struggled to move above the $58.00-59.00 levels and moved down against the US dollar. There was a break below a major bullish trend line with support at $57.40 on the 4-hours chart of XTI/USD. The US Services PMI in Nov 2017 decreased from the preliminary reading of 54.7 to 54.5. Today, the US ADP Employment Change will be released f...
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Gold Price Remains In Bearish Trend Vs US Dollar

Key Highlights Gold price is under a lot of pressure and recently broke the $1290 support against the US Dollar. There are two bearish trend lines forming with resistance at $1278 and $1286 on the 4-hours chart. The US ADP Employment Change in Sep 2017 was 135K, less than the last revised 228K Today, the US Initial Jobless Claims figure will be released, which is ...
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GBP/USD – British Pound Reaching Key Support Vs US Dollar

Key Highlights The British Pound is in a major downtrend from the 1.3650 swing high against the US Dollar. There is a crucial descending channel forming with resistance near 1.3320 on the 4-hours chart of GBP/USD. UK’s British Retail Consortium (BRC) Shop Price Index in Sep 2017 decreased 0.1% (YoY). Today in the US, the ADP Employment Change figure will be rele...
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NZD/USD – Kiwi Dollar Approaching Crucial Support Vs US Dollar

Key Highlights The New Zealand Dollar after trading towards 0.7550 against the US Dollar started a downside correction. The NZD/USD pair is now approaching a crucial bullish trend line support near 0.7400 on the 4-hours chart. Today in New Zealand, the Employment Change for Q2 2017 released by the Statistics New Zealand posted a decline of 0.2%. The Unemployment R...
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