USDCAD formed a double top reversal pattern on its 1-hour time frame, signaling that the rally could be over. Price has yet to break below the neckline at 1.2865 to confirm the potential selloff. The chart pattern is approximately 140 pips tall so the...
USD The US dollar had relatively quiet time for the most part of the US session as officials sought to calm fears of a trade war. However, the selling resumed when economic adviser Gary Cohn announced his resignation, which would likely leave stronger...
Cable is trending lower inside a descending channel on its 1-hour time frame and looks prime for a pullback. Price is currently testing the 50% retracement level at the 1.3900 major psychological level and could head back down to the swing low...
USD The US dollar regained some ground to its peers but caved to the Aussie and Kiwi when risk appetite returned in the US session. Economic data was better than expected as the ISM non-manufacturing PMI fell from 59.9 to 59.5 versus the estimated...
EURAUD recently broke past the 1.5800 major psychological mark to signal that more gains are in the cards. However, price is stalling around 1.5925 and might be due for a pullback to the broken resistance. Applying the Fib tool on the latest swing low...
USD The US dollar gave up some ground to its peers on Friday as trade war fears escalated, but it managed to hold on to its gains versus the commodity currencies. The UoM consumer sentiment index was downgraded from 99.9 to 99.7 but still slightly...
NZDUSD could be in for a long-term selloff as price formed a double top on its 4-hour time frame. The pair has yet to break below the neckline at the .7200 major psychological support to confirm the downtrend, which might last by around 220 pips...
USD The US dollar took hits against most of its counterparts when Trump announced his plans to impose higher tariffs on steel and aluminium as this sparked trade war fears. Data from the US was mostly better than expected, though, with the ISM...
GBPUSD broke below the bottom of its symmetrical triangle on the 1-hour time frame to signal that a downtrend is underway. Price is bouncing off the 1.3700 area, though, so a pullback might take place before the selloff gains traction. Applying the Fib...
USD The US dollar was able to take advantage of risk-off flows despite weaker than expected US data. Chicago PMI and pending home sales both disappointed while the preliminary GDP was downgraded from 2.6% to 2.5% in Q4 2017 as expected. US core...
