USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for...
USD The US dollar took advantage of the return in risk aversion in recent trading sessions, advancing against the commodity currencies. Data from the US economy was mostly stronger than expected, as the Philly Fed index improved from -3.5...
GBPAUD has been trending lower, moving below a descending trend line connecting the latest highs of price action. The pair seems to be in the middle of a pullback and using the Fibonacci retracement tool on the latest swing high and low shows that...
USD The US dollar had a volatile run during the release of the FOMC minutes but was mostly unchanged against its counterparts, except for the commodity currencies. Fed officials highlighted the increased downside risks to growth and inflation...
NZDUSD had previously been trading inside a symmetrical triangle formation but broke to the downside. Price then dipped to a low of .6550 before showing signs of a pullback. Using the Fib tool on the breakout move shows that the 50% level...
USD The US dollar was off to a strong start when risk appetite waned in the earlier trading sessions. However, the currency returned some of its wins when data from the economy missed expectations. The Empire State manufacturing index improved...
GBPUSD suffered a sharp selloff in recent trading and is currently consolidating. A bearish flag continuation pattern can be seen on the 1-hour time frame, signaling another round of potential losses for the pair. The mast of the flag is...
USD The Greenback was mostly a counter currency in recent trading sessions, as US traders were off on a President's Day holiday Only the Empire State manufacturing index is up for release today and a rise from -19.4 to -10.5 is expected. EUR ...
EURAUD has been trending higher these days and is moving inside a rising channel on its 4-hour time frame. Price is currently testing the bottom of the channel, which might hold as support and trigger a bounce back to the resistance at 1.6300. ...
USD The US dollar was able to rebound on Friday, thanks to upbeat retail sales figures and profit-taking off short positions ahead of the weekend. Headline retail sales rose 0.2% instead of just 0.1% while the core figure indicated a 0.1% uptick...
