EURAUD recently broke below the short-term triangle consolidation pattern. Price dipped to a low of 1.4125 before showing signs of pulling up and using the Fib tool on the breakout move shows that the 61.8% level is close to the broken triangle support. ...

USD The US dollar managed to squeeze out a few gains after the US flash manufacturing PMI jumped from 51.5 to 53.2 to show a faster pace of expansion compared to the estimated rise to 51.6. US CB consumer confidence data is due today and a fall from...

EURGBP is still trending higher on its daily time frame, just slightly above the rising trend line connecting the recent lows of price action.  Price is making a pullback to this support area, which lines up with the 38.2% to 50% Fibonacci retracement...

USD The US dollar was able to post gains against its counterparts on Friday even though there were no major US reports on deck. Only the US flash manufacturing PMI is lined up today and an uptick from 51.5 to 51.6 is eyed. Also on the schedule are speeches...

EURJPY has been trending lower, moving inside a descending channel visible on its 1-hour time frame. Price is bouncing off the channel support and might be due for a test of resistance around the 113.50 minor psychological level. Applying the Fib tool...

USD Economic data from the US came in mixed, with initial jobless claims missing expectations and the existing home sales report printing upbeat results.  The Philly Fed index posted a smaller than expected decline but still indicated a slowdown...

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....