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...

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....