EURGBP has been trending lower on its short-term time frames, moving inside a descending channel on the 1-hour chart. Price is currently testing the range support and might be due for a bounce back to the resistance around the .8560 levels. The...
USD The US dollar resumed its rallies across the board, buoyed by hawkish FOMC minutes and mostly strong data. Both headline and core durable goods orders figures beat expectations while the flash manufacturing PMI also posted an increase....
USDCAD appears to be starting a new trend down, creating a downtrend channel on its 1-hour time frame. Price just bounced off the 1.3400 support area and is making its way back up to the resistance at 1.3500. The 100 SMA is below the 200 SMA so...
USD The US dollar had a mixed performance as it struggled to extend its gains against its counterparts. Medium-tier reports turned out better than expected but US traders seem to be booking profits ahead of the Thanksgiving holidays. US durable goods...
AUDUSD recently broke below the descending triangle support visible on its 4-hour time frame. Price found support near the .7300 major psychological level then started to pull up. Applying the Fib tool on the latest swing high and low shows the potential...
USD The US dollar gave back some of its recent gains as traders may be starting to book profits ahead of the Thanksgiving holidays. There were no reports out of the US economy yesterday and only the Richmond manufacturing index and existing home...
USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal. A break below the 1.3400...
USD The US dollar ended the week strong, as traders continued to bank on stronger expectations of a Fed rate hike this December. There were no reports out of the US economy on Friday but Yellen's hawkish tone from the previous day still lifted...
EURAUD has formed a double bottom on its 1-hour time frame, signaling that price may be tired from its drop. The pair has yet to break past the neckline around 1.4550-1.4600 before confirming the potential climb. The chart pattern is approximately 400...
USD The US dollar kicked its rallies back in high gear after Yellen's speech. The Fed Chairperson confirmed that a December rate hike is in the cards, citing that the economy has improved and is nearing full employment. She even cautioned that...
