EURAUD recently broke above the neckline of an inverse head and shoulders pattern, signaling a reversal from its previous downtrend. Before price resumes its climb, it could still make a pullback to the broken resistance area. Applying the Fib tool on...

USD The US dollar returned some of its recent wins as traders probably closed positions ahead of today's major catalysts. From the US alone, we've got retail sales, PPI, Philly Fed index, initial jobless claims, industrial production, and the current...

USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a bounce or a break....

USD The US dollar regained ground against its peers when risk aversion came back in the financial markets. There have been no major reports out of the US but traders seem to be pricing in the possibility of a Fed rate hike for the FOMC meeting next...

USDJPY has been trending lower on the longer-term time frames but it looks like an upside breakout and reversal might be due. Price is making another test of the descending channel resistance on the daily time frame without even hitting the channel support...

USD The US dollar returned its recent wins when FOMC member Brainard expressed a stronger degree of caution in her testimony. She cited that there's a need to exercise prudence before hiking and that she'd rather wait for stronger evidence of a rebound...

GBPJPY has formed higher lows and lower highs on its 4-hour chart, creating a symmetrical triangle pattern. The pair is just coming off a test of the resistance and might be aiming for the bottom of the triangle around 132.50. However, the 100 SMA just...

USD The US dollar tossed and turned on Friday as traders tried to price in odds of a Fed rate hike for this month or December. There were no major reports out of the US economy then while today has only a speech by FOMC member Brainard lined up. Dovish...

EURGBP recently broke below its ascending channel support visible on the 4-hour time frame then dipped to a low of .8335.  From there, price showed signs of a pullback and applying the Fib tool on the latest swing high and low shows that the 38.2%...

USD The US dollar regained ground against its peers when risk appetite weakened after the ECB statement. Data from the US came in better than expected at 259K versus the projected 264K reading while consumer credit rose to 17.7 billion USD. US wholesale...