EURAUD was previously trading inside an ascending channel on its 4-hour time frame before breaking lower and showing that a reversal is due. Price has found support near the 1.4600 mark and has pulled up from its dive to retest the broken channel bottom...

USD The US dollar had a mixed performance as the slightly stronger than expected durable goods orders figures weren't enough to trigger a strong boost.  Headline durable goods orders for August was flat instead of sliding by 1.0% while core durable...

USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a break below the neckline likely...

USD The US dollar had a mixed performance across the board, although the currency was slightly supported by better than expected data. The flash services PMI climbed from 51.0 to 51.9, outpacing the estimate at 51.1, while the CB consumer confidence...

EURUSD has formed lower highs and found support at the 1.1130 area, creating a descending triangle formation on its 4-hour chart. Price is currently testing the triangle resistance and might be due for a drop back towards support. The 100 SMA is below...

USD The US dollar was barely able to take advantage of the risk-off moves in the market and the slightly stronger than expected US new home sales report. Traders seemed hesitant to hold on to the currency ahead of today's first set of US presidential...

NZDUSD was previously trading inside an ascending channel formation before making a downside break and hitting a low of .7220. From there, price showed signs of a pullback and looks ready to make a retest of the broken channel support at the .7300 major...

USD The US dollar was unable to hold on to its gains on Friday, as traders were disappointed to see the US flash manufacturing PMI fall from 52.0 to 51.4 instead of rising to 52.1.  The new home sales report is due today and a drop from 658K to...

AUDUSD is starting to trend lower, forming a descending channel pattern on its 4-hour time frame.  Price is currently testing the resistance near the .7650 minor psychological level and could be due to resume its drop to the channel support at .7450. ...

USD Economic data from the US came in mixed and the Greenback failed to establish a clear direction as well.  Initial jobless claims and HPI beat expectations while existing home sales and the CB leading index fell short, leaving traders in limbo...