In the previous week, the Fibonacci retracement stopped USD/CAD two times and triggered a pullback. Will we see a test of the recent lows in the coming days?

• Read more

Earlier today, the U.S. dollar moved sharply lower against the yen as demand for safe-haven assets increased after yesterday’s South Korea’s Defense Ministry commentaries. As a result, USD/JPY slipped under important support line once again, invalidating the earlier breakout. What does it mean for the exchange rate?

• Read more

Although USD/CAD moved higher in previous days, currency bears triggered a reversal and a sharp decline, which almost erased this week’s gains. Will the July lows stop further deterioration in the coming week?

• Read more

Although USD/CHF hit a fresh multi-month low earlier this week, the long-term support line encouraged currency bulls to act, which resulted in a sharp rebound. Will we see higher values of the exchange rate in the coming days?

• Read more

Yesterday, the euro extended gains against the greenback, which pushed EUR/USD to the highest level since the beginning of 2015. Despite this improvement, the pair reversed and pulled back. Will we see a bigger downward move in the coming days?

• Read more