USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon. Price is making its way towards the top of the channel at the 1.3200 major psychological level, which might hold as a short-term...
USD The lack of top-tier data from the US economy left the Greenback reacting to country-specific data. The US dollar advanced to the commodity currencies but was mostly weaker against the euro, pound, and franc as sentiment seemed to improve in that...
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame. Price appears to be bouncing off the support zone and could carry on with its climb depending on...
USD The US dollar got a boost from risk aversion in yesterday's sessions, thanks to the IMF's downgrades on global growth forecasts. Building permits and housing starts came in line with expectations. There are no reports due from the US economy today...
GBPUSD seems ready to resume its drop, as a head and shoulders pattern can be seen on its 1-hour time frame. This is a classic uptrend reversal signal, with selling pressure likely to increase once price has broken below the neckline at the 1.3100 major...
USD The US dollar was able to hold its ground against most of its forex peers when equity indices closed at all-time highs thanks to upbeat earnings data. US building permits and housing starts are up for release today with small improvements eyed,...
AUDUSD has been trending higher on the short-term time frames, moving above a rising trend line connecting the recent lows of price action. The pair is currently testing this support area and could be due for a bounce or a break. The 100 SMA lines...
USD The US dollar regained a lot of ground against its forex counterparts during Friday's US trading session, thanks to stronger than expected retail sales reports. Headline retail sales rose 0.6% versus the projected 0.1% uptick while core retail...
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top. The 100 SMA is above the longer-term...
USD The US dollar gave up ground as risk appetite improved in earlier trading sessions but soon recovered when US data came in strong. Initial jobless claims stood at 254K versus the 263K forecast while PPI reports also beat expectations. US retail...
