NZDUSD has been trending lower on the short-term charts, moving inside a descending channel on the 1-hour time frame.  Price is currently testing the resistance and a drop towards support might be due. The top of the channel lines up with the moving...

USD The US dollar gave up some of its recent gains when risk appetite improved in recent trading sessions.  Data from the US economy was weaker than expected yesterday, as the flash services PMI fell from 52.8 to 51.2 instead of improving to the...

EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows.  Price appears to be on its way to test the resistance once more after the channel support held. Applying the Fib tool...

USD The US dollar returned some of its recent gains to the higher-yielding currencies when risk appetite improved.  Data from the US came in mixed, with the new home sales report showing a rise from 531K to 619K and the Richmond manufacturing index...

USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart.  Price appears to be hitting a resistance at the 1.3150 minor psychological level, creating...

USD The US dollar had a mixed performance as it reacted mostly to country-specific events.  Data from the US was weaker than expected, as the flash manufacturing PMI slid from 50.8 to 50.5 instead of improving to the projected 51.0 reading, but...

EURAUD has been climbing recently but these rallies could hit a barrier around the top of the descending triangle on its daily time frame.  This is located around the 1.5800 major psychological level, with a turn lower likely leading to a drop towards...

USD The US dollar stalled from its rallies earlier in the week, as traders likely lightened up on their holdings ahead of the weekend.  There were no major reports out of the US economy then while today has the flash manufacturing PMI on tap. Analysts...

EURGBP recently made a break below the head and shoulders neckline support then dipped to a low of .7650. Price is showing signs of a pullback from the breakout move, possibly retesting the broken neckline around .7750-.7800.  Applying the Fib tool...

USD The US dollar seemed tired from its climb as it barely scored gains after some FOMC members reiterated their hawkish stance. Policymakers Fischer and Dudley acknowledged the green shoots in the economy and suggested that the next meeting could still...