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...

GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. The recent rally has allowed price to test the channel resistance once more, possibly bringing it back down to the lows at the 1.5800 handle or until the channel...

USD The dollar had a bit of trouble extending its gains across the board as data from the US disappointed. Headline PPI was flat instead of posting the projected 0.3% gain while core PPI showed a 0.2% dip instead of the projected 0.2% uptick. Industrial...

A few days back, EURJPY broke out of its range visible on the 4-hour time frame and reached a high of 117.50.  From there, price showed signs of a retracement and applying the Fib tool on the latest rally shows that the 38.2% level is close to the...

USD The dollar extended its gains across the board on stronger than expected US retail sales.  The headline figure showed a 0.8% gain for October while the core reading also indicated a 0.8% increase, higher than the projected 0.6% and 0.5% gains...