EURCAD recently broke below the support around the 1.4350 minor psychological level and reached a low of 1.3800 before pulling back up.  Applying the Fib tool on the latest swing high and low shows that the 38.2% level lines up with the broken support,...

USD The US dollar advanced against most of its peers as risk aversion was in play and data from the US came in stronger than expected.  The CB consumer confidence index rose from an upgraded 109.4 reading to 113.7 versus the 108.9 consensus while...

USDCAD is still moving inside an ascending channel on its daily time frame but is closing in on the resistance around the 1.3600 major psychological mark.  If this area keeps gains in check, price could head back to the channel support.  Stochastic...

USD Since most markets were still closed for the holidays, dollar action was relatively subdued throughout Monday.  There were no major reports released and US equities squeezed out modest gains. Markets reopen today and the US will print its CB...

NZDJPY broke past the long-term resistance at the 78.00 handle a couple of months back before staging a steady ascent to 83.50.  Price seems to be struggling to keep up its climb from here so a pullback might be due.  Applying the Fib tool...

USD The dollar advanced steadily against its peers as the week drew to a close, as economic data from the US was slightly stronger than expected. New home sales rose from 563K to 592K versus the projected 575K figure while the UoM consumer sentiment...

AUDNZD formed lower highs and found support at the 1.0400 major psychological level, creating a descending triangle visible on its 1-hour chart. Price is on its way to test the bottom of the triangle and might be due for a bounce. However, the 100 SMA...

USD The US dollar returned some of its recent wins on Friday as traders booked profits before the end of the week.  Economic data from the US was also weaker than expected, as building permits and housing starts came in below consensus. Only the...

EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark.  If this holds as a ceiling, the pair could head back to the bottom of the range...

USD The US dollar continued to reign supreme against its counterparts as traders incorporated expectations of three more rate hikes next year. Economic data from the US also supported this upbeat outlook, with manufacturing indices posting impressive...