• Below is the daily chart of the USD/CAD currency pair. • The technical indicators used are the Relative Strength Index (RSI), MACD, and Williams Percent Range. • Point 1: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure. • Point 2: The MACD indicates an impending bullish cross, which [...] In a surprising development, both U.S. retail sales and core retail sales figures came in well above expectations today, defying most predictions. Analysts had predicted that the numerous winter storms that had wreaked havoc on much of the United States in February would cause consumer spending to drop. This was not the case, [...] Forex Technical Analysis - EUR/USD Tests Resistance Level The USD/CHF pair is testing its first support level for today – at the 1.0640 price. As several technical indicators suggest that the pair is likely to drop today, trader should pay attention to the three significant support levels that might be expected today. • The chart below is the 4-hours USD/CHF chart by ForexYard. • The [...] Forex Trading Prepares for U.S. Retail Sales Data