EURGBP has been trending lower recently but has just bounced off a descending channel that's forming on its 4-hour time frame. This could offer a pullback opportunity to the top of the channel near the dynamic resistance at the moving averages. ...

USD The US dollar returned some of its recent gains as the absence of US traders on their Memorial Day holiday left the US session as a profit-taking opportunity. There were no reports released from the US economy then while today has the CB consumer...

USDJPY has been trending higher recently, moving inside a rising channel pattern on the 1-hour time frame. Price just came off a test of resistance and might be ready for a pullback to the channel support, which is near the moving averages.  The...

USD The US dollar regained ground against its peers when Fed Chairperson Yellen didn't sound too cautious in her testimony last Friday. She confirmed that a rate hike would probably be appropriate in the coming months, acknowledging that the US economy...

EURGBP has been selling off recently but it appears to be stalling at a longer-term correction level. Zooming out to the daily time frame reveals that price is stalling at the 50% Fibonacci retracement level and might be due for a bounce. A larger correction...

USD The US dollar returned some of its recent wins despite stronger than expected economic releases.  Headline durable goods orders jumped 3.4% versus the projected 0.3% uptick while core durable goods orders beat expectations with a 0.4% increase....

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...