NZDUSD has been trending higher recently, moving above an ascending trend line on its 4-hour time frame. Price found resistance around the .7050 minor psychological level and might be due for another test of the trend line. Applying the Fib tool on the...

USD The US dollar continued to lose ground against its forex peers as data came in weaker than expected again. Building permits and housing starts both declined and fell short of estimates while today has the exiting home sales report due.  EUR...

GBPUSD has been moving sideways on its 4-hour chart, bouncing off support at the 1.4050 minor psychological mark and finding resistance at the 1.4450 minor psychological level. Price is gearing up for a test of resistance once more. GBPUSD has been moving...

USD The US dollar returned most of its recent wins when risk appetite returned to the markets in the latter trading sessions. There have been no reports out of the US economy yesterday while today has building permits and housing starts lined up. EUR...

USDJPY has bounced off support near the 108.00 major psychological level once more, creating a double bottom formation on the 1-hour time frame. Price is on its way to test the neckline at 109.75 and a break above this level could spur a reversal from...

USD   The US dollar gave up ground on profit-taking and weak data on Friday. Industrial production and capacity utilization figures missed expectations while the preliminary UoM consumer sentiment index showed a decline in optimism. Meanwhile,...

USDCAD has been trading inside a descending channel on its 1-hour time frame and has just bounced off support. Another test of the resistance around the 1.3050-1.3100 levels could take place soon. The 100 SMA is below the 200 SMA so the path of least...

USD The US dollar regained ground against its counterparts despite weak economic data.  Headline retail sales fell 0.3% instead of printing the projected 0.1% uptick while core retail sales were up 0.2% versus the projected 0.4% increase. Headline...

GBPNZD has been trending lower on its 1-hour time frame, with a descending trend line connecting the latest highs of price action.  The pair bounced off the 2.1000 major psychological mark and might be due for a pullback to the falling resistance...

USD The US dollar had another mixed performance, as it gave up ground to the comdolls but was able to hold steady against the European currencies.  There were no major reports out of the US economy yesterday while today has PPI and retail sales...