EURAUD has been declining on its 4-hour chart but a reversal pattern has formed, signaling a potential uptrend. Price has failed in its last two attempts to break below the 1.4500 major psychological support, creating a double bottom formation with the...

USD The US dollar gave up some of its recent gains when the FOMC minutes showed that the central bank is in no rush to hike interest rates. Most policymakers judged that it would be prudent to accumulate more data before tightening. Ahead of this, Fed...

GBPAUD has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. Price is starting to pull up from its recent dive and applying the Fib tool on the swing high and low reveals that the...

USD The US dollar was off to a weak start but soon made a rebound against most of its peers.  Talk of potential rate hikes from Fed officials renewed dollar strength as traders are setting up for the release of the FOMC meeting minutes later today....

Cable made a strong rally in yesterday's London session, creating a retracement opportunity from its recent slide. Applying the Fib tool on the latest swing high and low shows that the 38.2% to 50% levels span an area of interest from 1.3050 to 1.3100,...

USD The US dollar was mostly weaker in recent trading, only advancing against the British pound and Japanese yen. Data from the US economy was weaker than expected as the Empire State manufacturing index showed a surprise drop to industry contraction....

AUDUSD has been trending higher, moving inside an ascending channel on its 4-hour chart. Price just bounced off the channel resistance around the .7750 minor psychological mark and could be due for a test of support near .7550. Using the Fib tool on...

USD The US dollar sold off briefly against its counterparts on Friday when the retail sales report missed expectations. Headline consumer spending was flat while the core version of the report showed a 0.3% drop. PPI readings were also below consensus,...

EURNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel resistance and might be due for a bounce or a break.  The 100 SMA is above the longer-term 200 SMA, suggesting that...

USD The US dollar had a mixed performance, as it advanced to the European currencies and yen but gave up ground to the Canadian dollar.  Medium-tier US data beat expectations, as the initial jobless claims came in at 266K versus the 272K forecast...