Looking at the 4 Hour USD/CAD we can see a potential bearish pin bar reversal pattern forming, after reaching up to resistance at the 1.0407 level, previously reached on October 11th. RSI has also entered into overbought territory, currently at 72. USD/CAD by DannyBly on TradingView.com
A Head and Shoulders top pattern has formed in GBP/USD. Looking at the 4 hour chart we can see that the neckline has been violated to the downside. The former ...
Looking at the hourly AUD/USD we can see a pin bar has formed in the prior hour and that price is reversing towards the major support below at around 0.9591 ...
AUD/USD looks potentially weak under the nearby support level of 0.9336. Looking at the daily chart below we can also see that MACD is close to crossing below the signal line, a bearish signal.
Gold prices fell for a thrid consecutive day reaching the lowest levels in almost three years on Wednesday. On track for a record quarterly drop, the yellow metal has now lost over 23% of it’s value since the beginning of the year. The selloff comes amid better than expected US economic data, raising expectations that […]
Earlier today in Paris European Central Bank President Mario Draghi confirmed that monetary policy will stay accommodative. The EUR/USD has already been under pressure since Fed Chairman Bernanke stated on June 19th that the US central bank may begin tapering bond purchases this year. Looking at the daily chart we can see that the pair […]