Tag - usd

On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3.

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…

The US dollar index has been climbing to the psychological level at $95.50.

Let’s start with a look at the economic calendar for the upcoming days.

The main events of the week, fundamental and technical analysis for the key currency pairs and gold…

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 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.

On Friday, the evergreen buck ascended versus a pack of its rivals and reached a more than 14-month maximum versus the Chinese Yuan, with financial markets affected by concerns over soaring trade tensions between China and the United States…

On the daily chart, EUR/USD keeps consolidating in the 1.1510-1.1780 range in line with the “Spike and ledge” pattern on the basis of 1-2-3.

US nonfarm payrolls are one of the most important economic indicators.

On Thursday, the major US currency managed to leap versus its key rivals after the key US bank told that it’s on track for extra rate lifts in 2018, while the British pound dived ahead of the BoE’s policy announcement a bit later in the day…

On the daily chart, USD/JPY is fighting for an important level of 111.65 (50% of the long-term descending wave).