USDJPY has been forming lower highs and testing support at the 120.50 minor psychological level, creating a descending triangle pattern visible on the short-term time frames.  Price is on its way up to test the resistance again and might make an...

USD The US dollar gave up ground on Friday since most economic figures came in weak.  The personal spending and income data indicated a mere 0.1% uptick instead of the projected 0.2% gain while the core PCE price index also logged in a 0.1% increase...

NZDCAD has recently broken above a long-term double bottom formation, indicating that an uptrend is underway.  Price is currently moving inside a rising channel on its 1-hour chart and is testing the support near the .8900 major psychological level....

USD The US dollar calmed down from its post-FOMC rallies as traders focused on other top-tier data. Besides, the US preliminary GDP reading came in below expectations at just 1.2% growth versus the projected 1.5% expansion. Pending home sales showed...

EURJPY recently broke below support at the 133.50 minor psychological mark then dipped to a low of 131.50 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low reveals that the 38.2% level lines up with the...

USD The US dollar enjoyed a strong rally after the FOMC announcement, as the central bank kept the door open for a rate hike in December. In addition, the Fed upgraded its assessment of business and household spending while sounding less concerned...

GBPJPY has started to trend higher on the short-term time frames, with a rising channel just forming on the 4-hour and 1-hour charts. Price got rejected on its latest test of the resistance and may be ready to head back towards support. For now, the...

USD The US dollar was all over the place in recent trading sessions, as it functioned as a counter currency.  Data from the US economy came in mostly weaker than expected, with core durable goods data, flash services PMI, and the CB consumer confidence...

EURAUD has been trending lower on its 1-hour chart, moving below a falling trend line connecting the latest highs of price action.  The pair just recently sold off upon hitting the trend line resistance then dipped to the 1.5150 minor psychological...

USD The US dollar had a mixed performance, as it reacted mostly to risk sentiment and a bit of profit-taking from the recent strong moves. New home sales data from the US was weaker than expected, as the figure landed at 468K while the previous reading...