USD/CAD is one of the best currency pairs to trade in a ranging market environment. The pair is currently moving sideways on its 1-hour time frame, as it found support around 1.0300 and resistance near 1.0400. The pair gapped up over the weekend,...
USD The US dollar continued to slide against its major counterparts in yesterday’s trading sessions as markets seemed to show exhaustion from its recent rallies. Fed official Rosengren’s speech was probably the highlight of the New York session yes...
On its 4-hour time frame, USD/CHF seems to have formed a head and shoulders pattern, indicating a potential reversal from the pair’s rallies earlier this year. The Swiss GDP is set for release and the economy is expected to have grown by 0.2% for the f...
USD The U.S. dollar was supported by stronger than expected consumer confidence data in yesterday’s New York session. The CB consumer sentiment figure came in higher than the estimate as it jumped from an upwardly revised 69.0 to 76.2, beating the c...
USD/CAD’s uptrend is still very strong as the rising channel on its shorter-term time frame is still holding. The pair recently found support at the bottom, which is near 1.0350, and bounced right back up when the U.S. printed strong consumer confidence d...
USD U.S. traders are back in the grind today, after taking a day off in honor of Memorial Day. The U.S. will be printing its CB consumer confidence report for May and possibly show a strong rise in optimism. The reading is slated to increase from...
AUD/USD is once more sitting at a key inflection point, which has been an established support level on longer-term time frames. There is no report scheduled for release from Australia today, as this pair could be driven by U.S. data and market...
USD The dollar had a mixed trading day on Friday as it lost ground to the Japanese yen and euro but managed to pocket some gains against its other major counterparts. US durable goods orders data came in better than expected, as both headline...
After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction. On the 4-hour time frame, the pair is pulling back to the 99.50 to 100.00 area, which acted as resistance...
USD Despite the recent wave of strong U.S. data, the dollar still lost ground to its major counterparts, particularly the yen in yesterday’s trading. Traders took profits off key support levels, such as 0.9600 on AUD/USD, which paved the way f...
