USD
The US dollar gave up some ground to its peers on Friday as trade war fears escalated, but it managed to hold on to its gains versus the commodity currencies.
NZDUSD could be in for a long-term selloff as price formed a double top on its 4-hour time frame.
USD
The US dollar took hits against most of its counterparts when Trump announced his plans to impose higher tariffs on steel and aluminium as this sparked trade war fears.
GBPUSD broke below the bottom of its symmetrical triangle on the 1-hour time frame to signal that a downtrend is underway.
USD
The US dollar was able to take advantage of risk-off flows despite weaker than expected US data.
USDCAD is forming another major reversal pattern, this time on its daily time frame.
USD
Economic data from the US was mostly weaker than expected yesterday as durable goods orders data and the goods trade balance fell short of estimates.
GBPUSD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour time frame.
USD
The US dollar was in a weak spot as equities started the week on a positive note and traders seem wary of a cautious tone from new Fed Chair Powell's testimony.
EURJPY is trending lower inside a descending channel pattern and is about to test the resistance.