USD The US dollar gave up more ground to its peers when the US advance GDP turned out to be a disappointment.  The economy grew by only 0.5% in the first quarter versus the projected 0.7% expansion. This marks the weakest pace of quarterly growth...

EURJPY has been moving sideways on its 4-hour time frame, finding resistance around 127.50 and support at the 122.00 major psychological level.  Price is currently testing the bottom of the range, still deciding whether to make a bounce or a break. ...

USD The US dollar retreated to most of its forex peers on downbeat data released yesterday.  Headline durable goods orders were up 0.8% versus the projected 1.9% gain while core durable goods orders fell 0.2% instead of showing the estimated 0.6%...

NZDUSD has been trending higher and moving inside an ascending channel on its 4-hour chart. Price is currently bouncing off the channel support around the .6800 major psychological level and might be due for a climb to the resistance at .7050-.7100. ...

USD   Dollar pairs were in consolidation due to the lack of top-tier data and positioning ahead of the FOMC statement. New home sales came in weaker than expected with a decline from 519K to 511K. US CB consumer confidence data is due today and...

GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal In addition, a complex double bottom pattern has formed and price is currently testing...

USD The US dollar was able to advance against most of its forex peers, except for the British pound.  Data from the US was weaker than expected, as its flash manufacturing PMI fell from 51.5 to 50.8 instead of improving to the estimated 51.9 reading....

USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place.  However, price has encountered resistance near the 112.00 major psychological level and might...

USD The US dollar was able to hold on to its gains and go for more when risk aversion extended its stay in the financial markets. Data from the US economy came in mixed, as the Philly Fed index fell from 12.4 to -1.6 instead of just dipping to 8.1 while...

AUDUSD has been trending higher and moving inside an ascending channel on its 4-hour time frame. However, price is currently testing the resistance around the .7900 major psychological level and might be due for a test of support at .7700. AUDUSD has...