EURAUD has been trending lower, moving inside a descending channel on its 4-hour time frame.  Price is currently testing the channel support and might be due for a bounce back to the resistance at the 1.5200 major psychological level.  The...

USD The US dollar was mostly weaker against its rivals as risk appetite stayed in the markets for the most part of the day.  There were no reports out of the US economy, leaving traders to react to risk sentiment. Fed head Yellen has a speech scheduled...

GBPUSD gapped up over the weekend and carried on with its bullish run on Monday, bringing price up to the resistance at the 1.4700 major psychological mark.  This level has held as a strong area of interest in the past and might continue to do so. ...

USD The US dollar gave up ground to its counterparts and gapped down over the weekend as risk appetite appeared to pick up. Data from the US economy came in line with expectations on Friday and there are no major reports up for release today, keeping...

GBPJPY recently broke below support around the 153.50 to 154.00 levels and dipped to a low of 145.50.  From there, price showed signs of a correction and applying the Fib tool on the latest swing high and low shows that the 50% level is close to...

USD The US dollar returned some of its recent wins when risk appetite appeared to return in the markets.  Data from the US came in mixed, with the Philly Fed index showing a stronger than expected return to expansion and the initial jobless claims...

EURJPY has been trending lower on its 1-hour time frame, moving under a descending trend line connecting the latest highs of price action.  Price appears to have found a bottom and is starting to make a pullback to the falling resistance area. Drawing...

USD The US dollar gave up ground to its forex peers when the Fed refrained from hiking interest rates in their latest policy decision.  FOMC members also lowered growth forecasts for this year and the next, acknowledging the recent slowdown in...

GBPUSD recently made a downside break from support around the 1.4450 minor psychological level, indicating that price was in for further declines.  The pair appears to be making a correction, though, and applying the Fib tool on the latest swing...

USD Dollar pairs were mostly stuck in consolidation yesterday as traders hesitated to take huge positions ahead of the FOMC statement.  Headline retail sales rose 0.5% versus the 0.4% consensus while core retail sales came in line with expectations...