EURAUD recently broke below its ascending channel bottom around 1.5600-1.5650 then hit a low of 1.5500 before pulling up. Applying the Fib tool on the latest swing high and low shows that the 50% level lines up...
The dollar appreciated on Monday although it did so at a limited pace. Most of the crossings had limited tours at the beginning of the week continuing the tours of the American session on Friday, albeit at...
AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish...
By gapping initially on the Monday session, this signified what I had been suspecting all along: that the US dollar is moving mainly upon tax reform expectations, and nowhere with this be more important than the...
The US dollar fell slightly against the Canadian dollar during the Monday session, but as we are in an area that has been supportive in the past, one has to think whether we are starting to...
The GBP/USD pair initially gapped lower at the open on Monday, and then bounced enough to slam into the 1.35 handle. We pulled back from there to test the 1.3425 level underneath, and then exploded to...
As we opened the trading session on Monday, we obviously gapped lower in favor the US dollar during Asian trading, perhaps in reaction to the tax bill making significant gains through the US Senate. Ultimately, the...
The Australian dollar gap lower at the open on Monday, signaling that traders were starting to become a bit more excited about tax reform in the United States, but since then we have bounced to fill...
EURAUD has been trending higher on its 1-hour chart and is moving inside an ascending channel. Price seems to be gearing up for a test of support around the 1.5600 handle and technical indicators are signaling that...
During the Friday session, the USD/JPY pair was very noisy in general. However, what really got things moving was when General Flynn suggested that he was willing to testify against the White House and the Russian broke....
