USDCHF’s rebound from 1.0032 is limited by the upper border of the falling price channel on daily chart. The fall from 1.0337 is more likely resumption of downtrend from 1.1021. Deeper decline is now in favor and...
USDJPY has formed a trading range between 88.01 and 92.32. Sideways movement in the range is expected in a couple of week, and another rise to 95.00 would more likely be seen after consolidation. However, a breakdown...
Being contained by the lower border of the rising price channel on daily chart, AUDUSD rebounded from 0.8916, suggesting that a cycle bottom has been formed. The rise from 0.8916 is now treated as resumption of uptrend,...
GBPUSD traded in narrow range between 1.6251 and 1.6692. Below 1.6251 will indicate that a cycle top has been formed at 1.6692 level on daily chart, then another fall towards 1.5708 is expected to follow. However, a...
After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in...
USD/JPY Open 90.79 High 90.84 Low 90.08 Close 90.72 Dollar/Yen made an upward movement on Thursday, rising from the 90.08 bottom to the peak at 90.84, closing the day at 90.72. On the 1 hour chart a...
GBP/USD Open 1.6567 High 1.6638 Low 1.6475 Close 1.6581 Pound/Dollar also climbed on Thursday, from the 1.6475 bottom to the 1.6638 peak, closing the day at 1.6581. On the 3 hour chart the formed triangle was technically...
Retail Sales Measures total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the timeliest indicator of broad consumer spending patterns and is adjusted for...
Purchasing Managers Index (PMI) The National Association of Purchasing Managers (NAPM), now called the Institute for Supply Management, releases a monthly composite index of national manufacturing conditions. The index includes data on new orders, production, supplier delivery...
Knowing what the data means can help you make smarter trades, before and after the data is released. Below are some of the primary pieces of data that successful Forex traders follow.
