EURGBP has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and making its way towards the resistance around the .8800 major psychological level.  For now, price seems to be pulling back to the mid-channel area...

USD The US dollar was off to a weak start on Monday but soon regained ground during the US session.  There were no major reports printed, although the stronger than expected NAHB housing market index may have led to a few gains. US building permits...

GBPUSD has been trading sideways on its 4-hour time frame, moving between support at the 1.2900 area and resistance at 1.3450.  Price is nearing the bottom of the range at the moment and might be due for another bounce.   The 100 SMA is...

USD The US dollar staged a late rally on Friday when CPI readings beat expectations and revived hawkish hopes for this week's FOMC statement. Headline CPI showed a 0.2% gain versus the projected 0.1% uptick while the core reading showed a 0.3% increase...

AUDUSD seems to be tired from its climb since it already formed a head and shoulders reversal pattern on its 4-hour time frame. Price also broke below the neckline at the .7500 major psychological level, confirming its potential selloff. The 100 SMA...

USD The US dollar slumped after seeing mostly downbeat economic data, as this could seal the deal for the Fed to sit on its hands next week. Headline retail sales fell 0.3% versus the estimated 0.1% dip while core retail sales dropped 0.1% instead of...

EURAUD recently broke above the neckline of an inverse head and shoulders pattern, signaling a reversal from its previous downtrend. Before price resumes its climb, it could still make a pullback to the broken resistance area. Applying the Fib tool on...

USD The US dollar returned some of its recent wins as traders probably closed positions ahead of today's major catalysts. From the US alone, we've got retail sales, PPI, Philly Fed index, initial jobless claims, industrial production, and the current...

USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a bounce or a break....

USD The US dollar regained ground against its peers when risk aversion came back in the financial markets. There have been no major reports out of the US but traders seem to be pricing in the possibility of a Fed rate hike for the FOMC meeting next...