Tag - usd

On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.

On Wednesday, the evergreen buck slipped versus a pack of crucial currencies, diving for a second day in a row because trade clashes receded, while the British currency hovered over one-year minimums, pushed down by everlasting Brexit uncertainty…

There is no important economic data for the USD, as a result, the index has been moving further down.

On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855.

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.

The US dollar doesn’t have support from data today (no releases)…

On Tuesday, the American dollar dipped having soared earlier in the day and re-approached the one-year maximum of 95…

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…