GBPCAD is currently on a strong uptrend and has just pulled back to the rising trend line support visible on the 4-hour time frame. The pair seems ready to bounce and resume the climb, as the 100 SMA and trend line are holding as support. The pair...
USD The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements. Some analysts are speculating that this could weigh on Fed rate hike prospects if it results to a decline i...
USDCHF is still trending higher on its 4-hour chart, as the price dropped to the bottom of the rising channel then bounced off support. This could take the pair back up to the top of the range near the 1.0000 major psychological resistance. ...
USD The US dollar took advantage of the run in risk aversion in recent trading sessions, after the Chinese central bank announced a devaluation of its currency. Aside from that, data from the US economy came in stronger than expected, with...
NZDUSD broke below the triangle support on its 1-hour forex time frame, indicating that further losses are possible. The pair broke below the .6500 major psychological level and could be in for a 300-pip drop, which is the same height as the chart...
USD The US dollar gave up ground in yesterday’s trading sessions when the labor market index fell from 1.4 to 1.1, leading some traders to pare expectations on a Fed rate hike this September. Testimonies from Fed officials have also been mixed, w...
AUDCAD recently broke past a consolidation pattern on its long-term time frames and is currently making a pullback. Price is finding support around the 50% Fibonacci retracement level, which lines up with the former resistance around the .9550-.9600...
USD The US dollar had a volatile trading run on Friday, as the NFP report came in slightly weaker than expected. The economy added 215K jobs in July, lower than the projected 225K gain. However, the previous figures enjoyed upgrades amounting...
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200...
USD The US dollar had a mixed performance as it reacted to currency-specific events from its forex rivals. Aside from that, traders are probably positioning ahead of the NFP release later today, as this could serve as a sign of whether or not the Fed...
