AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish momentum. ...
USD The US dollar had a volatile run on Friday as updates on tax reform and the ongoing investigation into Trump's dealings with Russia pushed the currency around. In terms of data, the ISM manufacturing PMI turned out weaker than expected as it fell...
EURAUD has been trending higher on its 1-hour chart and is moving inside an ascending channel. Price seems to be gearing up for a test of support around the 1.5600 handle and technical indicators are signaling that a bounce would take place. The...
USD The US dollar swung this way and that on tax reform updates and more developments in Washington. Economic data from the US has been mostly stronger than expected, with personal spending and income both surpassing expectations and initial jobless...
USDCAD recently broke out of a long-term descending triangle pattern to signal that an uptrend is underway. Price hit resistance around the 1.2900 mark and is starting a correction to the broken triangle resistance. Applying the Fib tool on the...
USD The US dollar caught a few gains against most of its counterparts as the US GDP was upgraded, Yellen sounded upbeat in her testimony, and the Senate version of the tax bill cleared a hurdle. However, there are still several risks that remain,...
EURGBP has been on the decline but could be due for a bounce once it tests the range support near the .8750 minor psychological level. Stochastic is on the move down to show that selling pressure is in play, but the oscillator is nearing oversold levels...
USD The US dollar was able to rake in gains versus most of its counterparts on strong data and Powell's confirmation as next Fed head. The US goods trade deficit widened but the Richmond manufacturing index and CB consumer confidence index both...
EURAUD previously broke past the resistance at 1.5600 then zoomed up to a high of 1.5696 before retreating. This could be a correction from the uptrend if the pair finds support at the Fib levels. The 50% retracement level already seems to be holding...
USD The US dollar was off to a rocky start as North Korean jitters and some dovish remarks from FOMC member Kashkari weighed on the currency. However, it drew support from stronger than expected new home sales at 685K versus expectations at 627K,...
