USDCAD failed in its last two attempts to break below the 1.2400 area, creating a double bottom formation on its 1-hour time frame. Price has yet to break past the neckline at 1.2575 before confirming the potential reversal. The chart pattern is...
USD The Greenback was under pressure due to internal chaos in the White House and brewing tensions with North Korea. According to two intelligence officials, the latest successful ICBM test signals that the hermit nation could hit most of the...
GBPUSD has been trending higher and moving inside an ascending channel on its daily time frame. Price is making its way to the top of the channel and could be due for a bounce off the 1.3300 major psychological mark. Stochastic is nearing the overbought...
USD The US dollar regained some ground to its peers on Friday when GDP data beat expectations. The advanced reading for Q2 showed a 2.6% growth figure versus the projected 2.5% expansion. However, the price index and employment cost index both...
EURCAD has been trending lower, moving inside a descending channel on its 4-hour chart. Price has bounced off support and has made its way towards resistance at the 1.4650 minor psychological level, which might continue to keep gains in check....
USD The US dollar bounced back from its FOMC tumble when some medium-tier reports beat expectations. Headline durable goods orders jumped 6.5% versus the projected 3.5% increase while core durable goods was slightly weaker at 0.2% versus 0.4%....
AUDNZD recently broke past the resistance at the 1.0550 minor psychological level then zoomed up to the 1.0800 levels before pulling back. Applying the Fib tool on the latest swing low and high on the 4-hour time frame shows that the 61.8% level lines...
USD The US dollar advanced on positive expectations for the FOMC but soon gave up its gains and more when the statement disappointed. Instead of giving more details on their balance sheet reinvestment, the Fed simply said that the runoff would...
USDCAD continues to trend lower and is moving inside a descending channel visible on the 1-hour time frame. Price is currently testing support and could be due for a pullback to the resistance once more. Stochastic is pulling up from the oversold...
USD The US dollar drew a strong boost from news that the Senate has voted to open the debate on healthcare reform. VP Mike Pence broke the tie and opened the floor for amendments on the current bill, reviving hope that the Trump administration...
