USDCAD – US Dollar Downtrend Likely Over Vs CAD

USDCAD – US Dollar Downtrend Likely Over Vs CAD Key Highlights US Dollar after tumbling against the Canadian Dollar managed to find support near 1.2500. There was a bearish trend line formed on the daily chart of the USDCAD pair, which was broken by the bulls for an upside move. Today, the Canadian Consumer Price Index (CPI) will be released by the Statistics Cana...
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AUDUSD – Aussie Dollar Nosedives Post Employment Report

AUDUSD – Aussie Dollar Nosedives Post Employment Report Key Highlights Australian Dollar remained under a lot of bearish pressure vs the US Dollar recently, and traded below 0.7300. There is a bearish trend line formed on the hourly chart of the AUDUSD pair, which earlier acted as a downside move catalyst. Australian Employment Change released by the Australian Bu...
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Gold Buyers Sighting US Nonfarm Payrolls For Next Move

Gold Buyers Sighting US Nonfarm Payrolls For Next Move Key Highlights             Gold prices gained vs the US Dollar recently, and traded above the $1250 level. The price also broke a major resistance area near $1260, which may now act as a support if Gold moves down from the current levels. On Friday, in the US, the nonfarm payrolls figure will be releas...
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NZDUSD – Kiwi Dollar Eyeing More Losses?

NZDUSD – Kiwi Dollar Eyeing More Losses? Key Highlights             New Zealand Dollar after setting a short-term top against the US Dollar at 0.7050 started to move down. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a catalyst for the downside move. New Zealand Visitor Arrivals released by the ...
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NZDUSD Poised For More Gains

NZDUSD Poised For More Gains, Are You Buying? Key Highlights             New Zealand Dollar enjoyed a decent rally against the US Dollar, and currently challenging the 0.6710-40 resistance area. There is a support trend line formed on the 4-hours chart, which may play a major role for buyers and sellers in the short term. Today, the US Initial Jobless Clai...
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USDJPY – Perfect Failure, More Losses Ahead?

USDJPY – Perfect Failure, More Losses Ahead? Key Highlights             US Dollar failed around the 100-day simple moving average against the Japanese Yen and moved down. The USDJPY pair fell sharply, and it looks like sellers are in control in the short term. In the US, the Initial Jobless Claims report will released by the US Department of Labor, which...
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USDJPY Approaching Crucial Resistance Area

USDJPY Approaching Crucial Resistance Area Key Highlights             US Dollar after trading as low as 115.92 against the US Dollar managed to correct higher. USDJPY is heading towards a major resistance area where sellers may emerge. Japanese Foreign bond investment released by Ministry of Finance posted a reading of ¥-358.3B, compared with the last rea...
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USDCHF – Important Trend Line Resistance

USDCHF – Important Trend Line Resistance Key Highlights             US Dollar failed to trade above the 0.9940-50 resistance area and moved lower against the Swiss Franc. There is a major bearish trend line and resistance zone formed on the hourly chart for the USDCHF pair. Today, the US Initial Jobless Claims will be released by the US Department of Lab...
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USDJPY – Signs of Weakness Evident

USDJPY – Signs of Weakness Evident, More Losses Likely? Key Highlights             The US Dollar struggled during the past couple of sessions as the US initial jobless claims data failed to impress the investors. USDJPY pair is currently trading lower after testing the 123.50-60 resistance zone. Japanese Industrial Production report will be released by t...
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USDJPY Might Target Additional Weakness

Key Highlights US Dollar moved lower and likely to weaken further against the Japanese Yen moving ahead. US Initial Jobless Claims released by the US Department of Labor increased from the last revised reading of 273K to 277K. US continuing jobless claims came below the forecast and posted a reading of 2.254M. US Existing Home Sales, released by the National Associati...
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