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Daily outlook - AUD/USD soars on fundamentals In line with expectations, the AUD/USD currency pair left a descending triangle formation in the downward direction. Most probably, the rate could continue to move it this direction, but a release of information on the US CPI led to 30-pips depreciation of the Greenback. After markets will calm down, the pair ...

The Euro traded near the previously active long term ascending channel pattern’s lower trend line on Wednesday against the US Dollar. However, that ended, as soon as the 55-hour simple moving average moved in from the upside to provide resistance. On Thursday morning it could be observed that every candle since then has been red. The Euro is continuing its decline ...

USD/MXN 1H Chart: Channel Up The American Dollar is appreciating against the Mexican Peso in a medium-term and short-term ascending channels. At the moment, the channel consists of three reaction highs and three reaction lows and, thus, might be cease to exist in the upcoming days. The fact that the currency pair is gradually approaching to the lower ...

Daily outlook - NZD/USD slips to 0.7310 An early hours of Wednesday’s trading session confirmed that the Kiwi was rapidly depreciating against the buck in a flag pattern. For this reason, the currency rate has expectedly bounced off from the weekly S2 at 0.7310. Most probably, the surge would continue at least until the 0.7348 mark. A number of major ...

Daily outlook - USD/CAD trades around 1.2676 Tuesday’s evening the currency exchange rate spent in an expected horizontal movement along the 55-hour SMA towards the bottom trend-line of an active ascending channel. At some moment, the pair has entered into a four hour downfall and has practically sneaked from the pattern. However, a combination of the ...

Daily outlook - AUD/USD rebounds at 0.7867 As it was expected, the currency pair failed to jump above the 55-hour SMA and spent the rest of the previous trading day near the bottom line of a medium-term descending channel. Most likely the pair could continue to move between these barriers, but a speech delivered by the RBA Assistant Governor Kent forced the ...

1) Huge upward move generated by ECB's Mario Draghi - the bulls will want to cash out profits now therefore this should push the price back down 2) RSI heavily overbought on multiple time frames

NZDUSD Price has shown strong rejection we can see long upper shadows, also yesterday's candle has completed a bearish engulfing pattern.

NZDUSD Price is forming ascending triangle we have EMA's cross also. Let's see if Resistance will hold or price will broke it all depends on news today.

AUDUSD Price broke bullish rectangle and we can see strong bullish moves. Next resistance is @ 0.7675.

AUDUSD testing descending trend line also EMA is crossing. Rate decision,Trade Balance,GDP report will show clear direction of aussie keep an eye @ this level

USDCHF is testing an important zone which has served as support in september october and november in 2016. Now after price made a double top and broke the channel is headed down to this zone. I will wait for more bearish confirmation so keep an eye on this zone!

Upon observing DXY i was able to notice, a descending wedge formation. Within the wedge formation are smaller resistance and support zones. As illustrated above, aggressive buyers are present at 99.-- range. There is a lot of High impact USD news to come out Friday. 4/14/2017 Forecast predicting bad responses to Consumer Price Index. I am suspecting 100.78 ...

We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115

EurUsd is on my watchlist for a bull swing higher towards recent highs and maybe a little bit more. I prefer to wait and not to jump in while the market is moving aggressivley lower like now. Lower timeframes (15min, 10min, 5min) can give clues when the downmove is slowing, or a change of direction is happening. So be patient and dont rush into a position. Price ...

The dollar looks to be showing signs of a turn around. There hasn't been much volume from the buyers, and if we haven't already bottomed out, we should be able to comfortably find a bottom without hitting our stop losses. This is a longterm play, which is why why we have multiple take profit levels, enabling us to get out if the longer term view becomes less likely.

Overview: The dollar is still in a down trend channel. Yellens meeting seemed to transition to a Trump, weak dollar theme. Dollar highs and lows starting to transition to a new phase that may break from current channel. The Chart: In the 1 hour chart of DXY, I've set up a Fibonacci channel in stead of drawing tools (if for nothing else as a visual representation ...

DXY is in a bearish channel since dec 20. Expect a breakout of the channel this week (move up). After move up expect a quick surge down to take out the stops at 99.40 Or vise versa: take stops, then surge up. Update tomorrow. Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)