USDCAD recently broke past the 1.3500 major psychological resistance and climbed close to the 1.3600 mark before pulling back. Applying the Fib tool on the latest swing low and high shows that the 50% level lines up with the broken resistance and area...
USD The US dollar continued to advance against its peers but its gains were limited, suggesting that it may have already peaked. There were no reports of out of the US economy yesterday while today has retail sales figures on deck. Headline consumer...
USDJPY has completed its correction to the broken long-term trend line extending all the way back to 1998 so the reversal could resume from here. This coincides with the 50% Fibonacci retracement level on the swing low and high on the monthly chart,...
USD The US dollar closed the week on a strong note as traders continued to focus on the silver lining to Trump's election win. Equities managed to squeeze out more gains at the end of the week and traders are now turning their attention to FOMC...
NZDUSD has been trading inside an ascending channel pattern on its daily time frame and is currently testing support at the .7100 major psychological level. A bounce off this channel bottom could lead to a move back to the top or until the recent...
USD The US dollar continued to advance against its peers as traders tried to stay optimistic about the Trump presidency. Equity indices closed higher once more ahead of today's Veterans' Day holiday. There are no reports lined up from the US economy...
GBPJPY has staged a strong rally recently but is currently hitting the ceiling at the top of its descending channel pattern visible on the 4-hour chart. If this area keeps gains in check, price could head back towards support at the 122.00 area...
USD The US dollar was off to a poor start when Trump's victory became apparent but pulled off a strong comeback during the US session as equities recovered. Investors seem to be pricing in the potential impact of corporate tax reforms and...
NZDUSD has sold off recently but appears to be approaching a rising trend line that's just forming on its 1-hour time frame. A bounce off this support area could lead to a test of the previous highs at the .7400 major psychological level or the...
USD The US dollar failed to establish a clear direction while the elections were going on, only to tumble sharply when Trump started gaining the lead in electoral votes. US futures are deep in the red at this point, as a Trump win could lead markets...
