AUDUSD is starting to trend lower on its 1-hour time frame, moving inside a descending channel and just bouncing off the resistance at .7650.  Price seems to have its sights set back on the bottom of the channel at the .7550 minor psychological...

USD The US dollar returned some of its recent gains as traders booked profits at the end of the month. Economic data from the US came in line with estimates, except for the Chicago PMI which showed a sharper decline and a slower pace of expansion. The...

EURCAD has been trending higher on its 4-hour time frame and moving inside an ascending channel.  Price has moved past the mid-channel area of interest and is making its way to the resistance around the 1.4900 major psychological level. The 100...

USD The US dollar rallied then reversed on Friday, as traders reacted to a stronger than expected GDP reading then booked profits quickly.  The US economy grew by 2.9% in Q3, outpacing the consensus of 2.5%, while the price index for the same period...

EURJPY has been moving sideways on its 4-hour time frame and is making its way closer to the range resistance at the 116.00 major psychological level.  If it holds as a ceiling, price could head back south to the range support at 112.50-113.00. ...

USD   The US dollar resumed its climb against its peers, thanks to strong gains in US bond yields and mostly upbeat medium-tier data. Headline durable goods orders fell 0.1% instead of rising by 0.1% while core durable goods orders came in line...

AUDUSD could be in for a quick reversal from its uptrend, as the pair formed a double top on its 1-hour time frame.  Price failed in its last two attempts to break past the .7700 major psychological level and is currently testing the neckline support...

USD The US dollar regained a bit of ground against its peers when most of its medium-tier releases came in better than expected.  Flash services PMI jumped from an upgraded 52.3 figure to 54.8, outpacing the consensus at 52.4. The goods trade balance...

EURJPY could be in for a reversal from its selloff, as the pair formed an inverse head and shoulders pattern on its 1-hour time frame.  Price already broke past the neckline at the 114.00 major psychological mark and might climb by around 150 pips,...

USD   The US dollar advanced against the euro and the pound even as data from the US came in mixed.  The CB consumer confidence index fell from a downgraded 103.5 figure to 98.6, worse than the estimated fall to 101.5, while the Richmond manufacturing...