USDJPY has formed lower highs and found support at 111.25, creating a descending triangle pattern on its 4-hour time frame.  Price is currently testing the resistance at 113.50 and if this keeps gains in check, the pair could make another test of...

USD The US dollar lost ground as risk appetite was in play during the earlier trading sessions, but it consolidated against most of its counterparts when price action calmed down during the US session.  Only medium-tier reports were released from...

A downtrend might be in the cards for GBPJPY, as the pair formed a head and shoulders pattern on its 1-hour time frame.  Price is still completing the right shoulder but a test of the neckline near 159.00 to 159.50 might be in order.  A break...

USD The US dollar was dumped after the FOMC statement when their tone was less hawkish than expected.  Fed officials downgraded growth and inflation forecasts while showing median expectations of two rate hikes for the year down from four. Fed...

EURGBP has found support at the .7700 major psychological level and is making its way up to test the resistance at .7900.  If the top of the range holds, another move towards the bottom of the range might be seen.   The 100 SMA is above...

USD   The US dollar managed to post feeble gains against its counterparts despite mixed data from the US economy.  Headline retail sales fell 0.1% as expected while core retail sales showed a 0.1% dip instead of the estimated 0.2% decline....

NZDUSD has been trending higher and moving inside a rising channel pattern on its 4-hour time frame. Price is now testing the channel support at .6600 and might be due for a bounce if the trend remains intact.  Technical indicators are suggesting...

USD The US dollar regained ground against its forex peers when the drop in oil prices brought risk aversion back.  There were no reports out of the US economy then while today has the retail sales due. Headline consumer spending could fall by 0.1%...

AUDUSD has been trending higher, thanks to the pickup in risk appetite.  Price stalled upon hitting resistance near .7600 and is showing signs of a pullback, possibly to the rising trend line visible on the 4-hour chart.  Using the Fib tool...

USD The US dollar gave up ground on Friday when risk appetite returned to the financial markets.  There were no major reports out of the US then but the medium-tier import prices data showed a smaller 0.3% decline compared to the projected 0.7%...