Daily News: lots of news
There is no important economic data for the USD, as a result, the index has been moving further down.
Tag - usd
GBP/USD: pound is getting ready for an attack
On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855.
USD/CHF: franc painted a triangle
USD/CHF is forming a “Triangle”. A break of its upper border near 1.0070 will open the way to the target of “Wolfe waves” pattern for buyers.
Daily News: banks forecast
The US dollar doesn’t have support from data today (no releases)…
Greenback moves down
On Tuesday, the American dollar dipped having soared earlier in the day and re-approached the one-year maximum of 95…
USD/CAD: loonie aims for a break
On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3.
Greenback rallies on diving UK pound
On Monday, the evergreen buck tacked on versus its counterparts in the face of concerns about a worsening US-China trade clash and a dip in the UK pound to an 11-month minimum…
Trading plan for August 7
The US dollar index has been climbing to the psychological level at $95.50.
Weekly Forex Outlook: August 6-10
Let’s start with a look at the economic calendar for the upcoming days.
Webinar: Weekly Market Outlook
The main events of the week, fundamental and technical analysis for the key currency pairs and gold…
AUD/USD: Aussie wants to go
On the daily chart, AUD/USD keeps consolidating in the 0.7305-0.7485 range. A break of its lower border will increase the odds of the decline to 200% target of AB=CD.
NZD/USD: a head and shoulders
NZD/USD is ready to trigger a “Broadening wedge”. For that, bears need to pull it below support at 0.6715 where the lower border of the “Spike and ledge” pattern lies.
