USD The US dollar regained ground to most of its counterparts as risk aversion continued to dominate financial trading. Data from the US was stronger than expected as new home sales climbed from an upgraded 427K to 504K, outpacing the consensus at 432K....

USDCAD is moving inside a rising channel on its 1-hour time frame, indicating that the uptrend is getting stronger.  However, price has just encountered resistance at the top of the channel and may be due south. The channel resistance lines up with...

USD The US dollar regained ground against most of its major counterparts, although it did have trouble extending its wins to the Japanese yen.  Risk aversion from geopolitical tension appear to be favoring the lower-yielding dollar for now, as...

NZDUSD might be due for a strong bounce, as the pair is testing the bottom of the ascending trend channel on its daily time frame. Trade balance from New Zealand came in better than expected as it showed a smaller deficit and a considerable recovery...

USD   The Greenback dominated against most of its major forex counterparts, as it advanced to the comdolls but consolidated to the yen. Data from the US was weaker than expected yesterday as existing home sales fell short of expectations with its...

USDCAD appears to be forming a rising trend channel on its 1-hour forex chart, as the pair recently made higher lows and higher highs. Price just bounced from the 1.0950 minor psychological level, which lines up with the channel’s bottom, and might b...

USD The Greenback resumed its rally against most of its major counterparts on Friday, despite the lack of top-tier data from the US economy.  For today, only the existing home sales report is up for release and it might show a climb from 5.15M...

GBPJPY has been on a steady uptrend and may be due to resume its climb, as a bullish divergence has formed on its 1-hour time frame.  Stochastic made lower lows while price made higher lows, with the oscillator already starting to move out of the...

USD The US dollar recovered ground against most of its major counterparts, despite mixed data from the US economy.  The Greenback was able to advance to the commodity currencies and the yen, while giving up some ground to the euro and the pound....

USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near the 1.0950 minor psychological support...