USDCAD bounced off the ascending channel support around the 1.3100 area recently and is on its way to test resistance at 1.3300-1.3350. If this area holds as a ceiling, price could head back down for another test of support. The 100 SMA is...
USD The US dollar had a mixed performance as it reacted to country-specific events. Data came in mixed, as building permits beat expectations with a gain from 1.15M to 1.23M while housing starts fell from 1.15M to 1.05M instead of rising to 1.18M....
USDCAD is trending higher on its long-term and short-term charts, moving inside an ascending channel on its 1-hour time frame. Price dipped below the channel support but spiked right back up, indicating that buyers are putting up a fight. The 100...
USD The US dollar was in a weaker spot after US CPI reports failed to impress. Headline CPI posted a 0.3% gain as expected, its fastest pace of growth in five months, while core CPI fell short with a 0.1% uptick versus the estimated 0.2% gain....
GBPJPY has been trending lower on its 1-hour time frame, moving below a descending trend line. Price bounced off the 124.75 area and is pulling up to test the trend line once more. Applying the Fib tool on the latest swing high and low shows that...
USD The Greenback pulled back from its rallies after medium-tier US reports disappointed. Industrial production posted a bleak 0.1% uptick instead of the projected 0.3% gain for September while the August reading was downgraded to show...
NZDUSD has been trending higher on its daily time frame, moving inside an ascending channel and currently testing support. Price seems to have bounced off the bottom of the channel and is headed back to the top at the .7650 minor psychological...
USD The US dollar regained ground against its peers on Friday when retail sales and PPI reports came in the green. Headline retail sales increased 0.6% as expected while core retail sales posted a 0.5% gain versus the projected 0.4% increase....
EURAUD broke below support at the 1.4550 minor psychological level then dipped to the 1.4400 area before pulling up. Using the Fib tool on the latest swing high and lows shows that the 61.8% retracement level coincides with the broken range support,...
USD The US dollar returned some of its recent gains as traders booked profits off their positions on a pickup in risk appetite. Data from the US, namely initial jobless claims and import prices, turned out upbeat. US retail sales and PPI numbers...
