GBPUSD is trending higher on its 1-hour time frame and moving inside an ascending channel pattern. Price is just bouncing off the top and might be due for a dip to the bottom around the 1.3970 level. The 100 SMA is above the longer-term 200 SMA...
USD The US dollar had a mixed round as there were no reports out on Monday and traders are pricing in expectations for the FOMC decision later this week. A 0.25% interest rate hike is widely expected and even more hawkish hints could lift the US currency....
USDCAD is still trending higher, moving above an ascending trend line visible on its 4-hour time frame. Price is stalling around the 1.3100 handle and looks prime for a pullback to the uptrend line. Using the Fib tool on the latest swing low and...
USD The US dollar was on strong footing until the end of the week as data came in mostly upbeat and supportive of an interest rate hike this week. There are no major reports due from the US economy today so sentiment and expectations for the FOMC statement...
AUDUSD has been trending lower and moving inside a descending channel on its 1-hour time frame. Price bounced off the resistance and is setting its sights on the channel support around the .7650 minor psychological level. The 100 SMA is above the...
USD The US dollar drew a lot of support from its peers in the New York session when medium-tier reports came in mostly stronger than expected. Initial jobless claims and the Empire State manufacturing index surpassed forecasts while the Philly Fed index...
USDJPY has formed lower highs and found support at the 105.60 level, creating a descending triangle pattern on its 1-hour time frame. Price just bounced off resistance and could be due for a test of support soon. The 100 SMA is above the longer-term...
USD The dollar dipped upon seeing downbeat retail sales data but soon rebounded. Headline retail sales fell 0.1% to mark consecutive monthly declines while the core reading posted a 0.2% uptick versus the estimated 0.4% gain. Headline PPI was better...
EURGBP is trending higher on its 4-hour time frame, moving inside an ascending channel and currently testing support. A bounce could take it back up to the resistance at the .9000 major psychological level. Stochastic is already moving up from the oversold...
USD The US dollar took some hits once more as Trump decided to fire Secretary of State Tillerson and could also sack other officials that disagree with him. He also reiterated plans to impose higher tariffs on China, reviving fears of a trade...
