USDCAD has been on a strong rally but seems to be encountering resistance near the 1.3150 minor psychological level, opening the opportunity for a pullback. Applying the Fib tool on the latest swing low and high on the 1-hour time frame shows that the...
USD The US dollar slowed down from its climb after data came in mixed. The ADP report printed a 177K increase in hiring for August, higher than the projected 174K figure. The July figure was upgraded to show a 194K increase from the initially reported...
GBPUSD might be tired from its climb as price seems to be forming a head and shoulders pattern on its 1-hour time frame. The pair has yet to complete the right shoulder if the short-term Fib levels keep gains in check. In particular, price could find...
USD The US dollar regained ground against its forex rivals in recent trading as data beat expectations. The CB consumer confidence index rose from 96.7 to 101.1 in August to reflect stronger optimism and hint at higher spending down the line....
USDCAD is still moving inside an ascending channel on its daily and 4-hour time frame, but price is nearing the top of the formation so a selloff might be due. This resistance is located around the 1.3250 to 1.3300 psychological levels, which might keep...
USD The US dollar retreated as traders booked profits off their recent long positions after Yellen's Jackson Hole testimony. Data from the US came in line with expectations, with the core PCE price index posting a feeble 0.1% uptick. Personal income...
AUDUSD recently broke below the bottom of a longer-term ascending channel visible on its daily and 4-hour chart. On the shorter-term time frames, it can be seen that the pair is moving inside a descending channel formation and is bouncing off support....
USD The US dollar enjoyed a strong boost on Friday when Fed Chairperson Yellen made her speech and confirmed that a rate hike could still be in play before the end of the year. These remarks were echoed by Fed official Fischer, reminding market...
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support, possibly putting price on...
USD The US dollar continued to rake in gains earlier in the day but wound up retreating on profit-taking. Data from the US economy was mostly stronger than expected as the durable goods orders figures saw strong gains while the initial jobless claims...
