USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement tool on the latest swing...
USD The US dollar capped off another good day as it raked in gains from upbeat data and hawkish Fed remarks. Officials George, Williams, and Harker reaffirmed their inclination for tightening again in December while expressing optimism that inflation...
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send it lower by 450 pips or the same height as...
USD The US dollar barely got a boost from upbeat ISM non-manufacturing PMI and ADP non-farm employment change data as the focus was on the next Fed Chair. There have been rumors that dovish member Powell is being eyed to replace Yellen when her...
EURGBP is currently testing a former resistance level around the .8800 major psychological mark, which appears to be holding as support. This lines up with the 50% Fibonacci retracement level on the swing high and low on the daily time frame. Stochastic...
USD The dollar managed to hold on to most of its recent gains as equity indices shot to record highs on strong auto sales. Total vehicle sales posted their strongest rise so far this year as purchases were made to replace cars damaged by the hurricanes....
EURUSD previously broke past the range resistance at the 1.1450 minor psychological level to indicate that bullish momentum has won over. Price stalled in its rally near the 1.2100 major psychological level and showed signs of a correction to the broken...
USD The Greenback got a strong boost from better than expected manufacturing PMI data, as these lifted expectations for the NFP and therefore a December Fed rate hike. The ISM reading rose from 58.8 to 60.8 versus the consensus at 57.9 while the...
Cable has been selling off recently but could be due for a bounce as it tests the support zones visible on its long-term chart. Price is moving inside an ascending channel on its 1-hour time frame and is currently approaching the 50% Fibonacci retracement...
USD The US dollar gave back most of its recent wins at the end of the week on profit-taking and the lack of follow-through on tax reform. The ISM manufacturing PMI, which should serve as a leading indicator for Friday's NFP, is due today and analysts...
