GBPJPY has been moving on an uptrend on its 4-hour time frame, with an ascending channel connecting the latest highs and lows of price action. Price is currently testing the channel support at the 186.50 minor psychological level and might be due for...

USD The US dollar continued to give up ground to its peers even though the FOMC minutes pretty much sealed the deal for a December liftoff. Profit-taking appears to be in play, as most of these rate hike expectations have been priced in for quite some...

NZDUSD has been trending lower across most time frames but is showing signs of a large pullback from its latest drop. Price bounced off support at the .6425 area and is retreating to the Fib levels marked on the swing high and low on the 4-hour chart....

USD The FOMC minutes confirmed the likelihood of a Fed rate hike in December but the dollar barely advanced after the release, as expectations have been priced in for quite some time already. The transcript showed that most policymakers agreed that...

EURUSD has been on a steady downtrend, barely showing any signs of a pullback until recently. Price bounced off the lows at 1.0615 and may be ready for a retracement to the Fibonacci retracement levels based on the latest swing high and low on the 1-hour...

USD The US dollar was directionless in recent trading sessions, as mixed reports and the looming release of the FOMC minutes prevented traders from taking on large positions.  US headline CPI showed a 0.2% gain as expected while the core version...

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...