EURAUD has been trading sideways recently, finding support at the 1.5650 minor psychological level and resistance near 1.5800. Price just bounced off the top of the range and might be due for a test of support again soon. The 100 SMA is above the...
USD The US dollar was off to a weak start on Monday as risk-taking took hold and traders flocked to stocks and commodities. The mood was positive after the Trump administration released their infrastructure spending plans. There are no major reports...
USDCAD could be in for a long-term reversal from its selloff as price has formed a double bottom on its daily time frame. The pair has yet to test the neckline around the 1.2950 minor psychological level, though. A break higher could send price...
USD The US dollar held its ground on Friday despite the lack of top-tier data. However, the spending bill just recently signed prevented another shutdown from taking place, leading to a bit of reprieve for bulls. Only the federal budget balance is due...
A reversal may be brewing for EURAUD as the pair has formed a triple top formation on its 4-hour time frame and could be due for a break lower. Price is testing the neckline at the 1.5650 minor psychological mark and a move below this could send it down...
USD The US dollar was able to take advantage of risk-off flows as stock markets tanked once more. Equity indices were down roughly 4% mostly due to the short volatility trade, another pending government shutdown, and global tightening prospects. US...
EURGBP continues to trade lower as it bounced off the descending channel resistance on its 4-hour time frame. Price could keep dropping until the channel support around .8650, which might provide a countertrend opportunity. Stochastic is already pulling...
USD The US dollar rebounded against most of its counterparts in recent sessions but analysts have doubts that it can hold on to its winnings. Data has been weaker than expected and FOMC officials have warned of the dangers of low inflation. Only initial...
EURUSD appears to be pulling back from its latest rally as price could correct to the ascending trend line or Fib levels on the daily time frame. The 50% retracement level is closest to the trend line around the 1.2150 minor psychological mark. The 100...
USD The US dollar was off to a good start but failed to hold on to most of its gains as risk appetite returned to the markets when equities recovered. Data was mixed, with the trade balance showing a wider deficit and the IBD/TIPP economic optimism...
