USD The US dollar continued to bleed to the pound and the commodity currencies, as data from the US failed to give the currency any support. . Data came in mixed, with pending home sales printing a weaker than expected figure. The report showed a 0.8%...

After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off the 91.00 major psychological support....

USD The US dollar was unable to benefit from stronger than expected US economic data, as the lower-yielding currency still lost ground despite the 2.2% jump in headline durable goods orders. The core version of the report printed a 0.2% uptick, close...

GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame. This suggests that bulls are back in action and are ready to push the pair back to its...

USD The US dollar had a mixed performance to its counterparts, as it failed to draw strong support from economic data. The CB consumer confidence report churned out stronger than expected results, with the index climbing from 78.3 to 82.3 and surpassing...

USD/CAD recently broke above a triangle pattern on its 4-hour time frame, suggesting that the uptrend is ready to resume. This breakout was sparked by comments from BOC Governor Poloz, suggesting that a rate cut might be in the cards. After its rally...

USD The US dollar gave up some ground to its major counterparts in recent trading, pushing EUR/USD back above the 1.3800 mark. Data from the US was weaker than expected, as the flash manufacturing PMI slipped from 57.1 to 55.5 instead of just falling...

NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near term despite remarks from Finance Minister English...

USD The US dollar let go of some of its recent gains on Friday as most traders booked profits off key levels. Data from the US was relatively light for the day, with a few FOMC officials supporting the positive outlook for the economy. Only the flash...

EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level. This could be indicative of more losses for the pair, but a quick retracement might take place before...