EURUSD has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and currently testing resistance. If the ceiling holds, EURUSD could pull back to the channel support at the 1.1150 minor psychological level. Applying the...
USD The US dollar advanced against most of its forex peers despite downbeat housing data, as traders seem to be reacting to market sentiment. US equities closed lower for the day, weighed by declines in the drugmaker industry. US durable goods...
AUDUSD has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price is trading around the middle, though, still deciding whether to test the resistance at .7625 or support at .7550. The 100 SMA is below...
USD The US dollar was mostly stronger in recent trading, except against the British pound. Data from the US was weaker than expected, as the flash manufacturing PMI fell from 52.9 to 52.9 while the Richmond manufacturing index dropped from +10 to -11....
EURGBP has been moving in an ascending channel visible on its longer-term time frames and is just testing the resistance. Price seems to be making a correction from the uptrend at this point and applying the Fib tool on the latest swing high and...
USD The US dollar had a mixed performance as there were no major reports on deck. Today has the new home sales report and the Richmond manufacturing index on tap, although traders might be less sensitive to data as they stay on the lookout for more...
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be in order. Applying...
USD The US dollar was able to regain ground against its peers on Friday, despite the lack of top-tier data from the US economy. Risk aversion appears to have supported the safe-haven currency as reports of the Brexit process being triggered in April...
EURUSD is on an uptrend on its 4-hour time frame, moving above an ascending trend line and getting ready to test support. The Fib tool applied on the latest swing high and low shows that the 61.8% retracement level lines up with the trend line and an...
USD The US dollar was still mostly weaker against its peers and hawkish remarks from Fed officials weren't enough to spur gains. Reports such as initial jobless claims and Philly Fed index were also better than expected but forex traders still seem...
