AUDUSD has been trending lower on its 1-hour forex chart, moving inside a descending channel connecting the highs and lows of price action since last month.  Price is currently testing the resistance at the .7100 major psychological level and might...

USD The US dollar was off to a slow start in the week but soon regained ground as risk aversion set in. US equities were able to recover from their Friday slump, adding further support for the US currency.  Data was weaker than expected, as the...

GBPUSD is consolidating tightly in a symmetrical triangle pattern visible on a short-term time frame, just below an area of interest indicated on the 4-hour time frame.  Price could go either way, depending on the outcome of the UK CPI release in...

USD  The US dollar pared most of its gains for the weak when retail sales figures missed expectations.  The headline figure posted a meager 0.1% uptick versus the projected 0.3% gain while the core version of the report showed a 0.2% increase...

USDJPY sold off on Friday but is currently testing support at a rising trend line connecting the lows on the 1-hour time frame.  Price could be due for a bounce from here, possibly taking it up to the previous highs around the 123.50 minor psychological...

USD The US dollar weakened in recent trading sessions, as Fed Chairperson Yellen refrained from sharing any monetary policy hints in her latest testimony. Other FOMC members also appeared to have mixed views on a liftoff, with Fed official Evans saying...

AUDCAD is slowly trending higher on its 4-hour time frame, just having bounced off the bottom of the range at the .9300 major psychological level. A short-term double bottom pattern can be seen, indicating that further rallies towards the top of the...

USD The US dollar was in for a slow trading day, as banks were closed on Veterans' Day and there were no top-tier reports released. The preliminary UoM consumer sentiment index is due and a rise from 90.0 to 91.3 is eyed, with stronger than expected...

GBPAUD could be in for a long-term reversal, as a head and shoulders pattern has formed on its 4-hour forex chart. Price is on its way to test the neckline support at the 2.1200 area, with a downside break likely to confirm that a selloff is in order....

USD The US dollar gave up some of its recent gains when medium-tier data came in weaker than expected. Import prices slumped 0.5% in October versus the projected 0.1% dip while the September figure was revised to show a sharper 0.6% decline. Wholesale...