A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame.
USD
The US dollar lost ground to majority of its forexcounterparts as risk appetite appeared to improve at the start of the week.
EURJPY has pulled up from its continuous dive in the past month and appears to be making a quick correction.
USD
The US dollar was unable to regain strength in recent trading, despite better than expected data from the US economy.
USD
The US dollar had a pretty good run on Friday as it made a small recovery to its forex counterparts.
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.
USDCAD has formed a reversal pattern on its 1-hour time frame, suggesting that a downtrend might take place.
USD
The US dollar got sold off heavily in recent trading, as the US retail sales report came in weaker than expected.
USDCAD has recently broken past the 1.1200 major psychological resistance and zoomed close to the 1.1400 handle in the past weeks, before showing signs of a retracement.
USD
The US dollar regained footing against the pound and the euro in recent trading, despite the lack of top-tier data from the US economy.