EURGBP recently broke past a resistance area at the .7650 minor psychological level then climbed to the .7850 area before showing signs of a pullback. Price is drawing support at the 38.2% Fib based on the latest swing low and high, although a larger...

USD The US dollar was in a weaker spot yesterday even as it put up a fight against the comdolls. Data from the US economy came in mixed, with JOLTS job openings showing a gain and the NFIP small business index declining. Fed head Yellen's speech might...

GBPUSD has sold off recently but is still gradually trading higher on the 1-hour time frame. A rising channel can be seen connecting the latest lows and highs of price action. Price is currently testing the channel support and might be due for a bounce...

USD The US dollar regained ground to the higher-yielders, except for the euro, franc, and yen. Risk aversion allowed the safe-haven currency to get back on its feet even though there were no major reports released. JOLTS job openings and wholesale inventories...

USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900 pips or the same height as the chart...

USD The US dollar advanced against its forex rivals when the underlying data of the NFP release showed green shoots.  The economy added only 151K jobs in January versus the projected 189K gain while the December reading was downgraded from 292K...

AUDUSD has been trending higher lately, moving inside an ascending channel on its 1-hour time frame.  Price is currently testing support at the .7100 major psychological level and might be due for a bounce to the top. The 100 SMA is above the longer-term...

USD   The US dollar suffered another sharp selloff in yesterday's New York session when data from the economy came in below expectations.  Initial jobless claims rose 285K versus the projected 279K increase while factory orders slumped 2.9%....

USDCAD has been selling off lately but it is closing in on the rising trend line visible on the daily time frame.  Price could make a test of the 1.3500-1.3600 support area, which is in line with the 61.8% Fibonacci retracement level based on the...

USD The US dollar suffered a sharp selloff during the New York session as data came in mixed and Fed official Dudley said that the currency's appreciation might be damaging to the economy.  The ADP non-farm employment change report indicated a...