USD
The US dollar was unable to pick a clear direction in recent trading sessions, as the lack of data kept risk sentiment in play.
A double bottom reversal pattern can clearly be seen on Cable’s 4-hour forex chart, indicating that a long-term rally might take place.
USD
The US dollar managed to recoup some of its recent losses as risk aversion extended its stay in the financial markets.
USDCAD has been trading lower in the past few days, after breaking below support at the 1.2450 minor psychological level.
USD
The US dollar suffered a continuous selloff last week as weak data from the economy weighed on rate hike prospects.
USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart.
USD
The US dollar gave up more ground to its forex counterparts when data from the economy came in weaker than expected.
AUDCAD seems to be done with its downtrend as a reversal pattern can be seen on its 4-hour forex chart.
USD
The US dollar continued to give up more ground to its forex counterparts in recent trading as data from the economy still fell short of expectations.
EURUSD has been selling off since the start of the month but it seems to be making a correction for the past few days.