EURCAD has been trending lower on its 4-hour time frame, moving inside a descending channel. Price just bounced off support and might be due for a test of resistance at the 1.4500 major psychological level. The 100 SMA is below the 200 SMA so it's likely...

USD The US dollar drew a lot of support on Friday after the EU referendum results were announced, as the Brexit inspired risk-off moves.  Data from the US economy was actually weaker than expected then, with durable goods orders falling short of...

AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the first half of 2015 before the Chinese...

USD The US dollar scored strong gains on the heels of the EU referendum and better than expected US economic data.  Both the initial jobless claims and flash manufacturing PMI beat expectations while new home sales fell short. Durable goods orders...

NZDUSD has been trending higher on its longer-term time frames but it appears to have hit a major road bump at the top of its ascending channel.  The resistance around .7300 appears to have held and price is setting its sights back on the support...

USD The US dollar gave up more ground in recent trading sessions as risk appetite appeared to improve.  Data from the US came in line with expectations as existing home sales were up 5.53 million. Fed head Yellen didn't have much to add to her...

EURUSD seems to have bullish momentum on its side at the moment, as price is moving inside an ascending channel and bouncing off support.  A test of the channel resistance at 1.1600 could be underway but there's nearby resistance at the top of a...

USD The US dollar regained ground against its peers despite mixed remarks from Fed Chairperson Yellen.  She reiterated the need for a cautious approach in tightening, citing that policymakers will keep close tabs on jobs data to see if the slowdown...

EURAUD has been trending lower, moving inside a descending channel on its 4-hour time frame.  Price is currently testing the channel support and might be due for a bounce back to the resistance at the 1.5200 major psychological level.  The...

USD The US dollar was mostly weaker against its rivals as risk appetite stayed in the markets for the most part of the day.  There were no reports out of the US economy, leaving traders to react to risk sentiment. Fed head Yellen has a speech scheduled...