CHF has slowly been trending higher on its 1-hour chart, as the recent lows of price action can be connected by an ascending trend line. Price recently broke past the near-term resistance near the 124.00 major psychological level then climbed to a high...

USD The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy.  Import prices posted a mere 0.1% decline instead of the projected 0.5% drop while the previous reading was revised...

USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support.  Price has formed a bearish flag right at the bottom of the channel around the .9600 major psychological support and might be due for a break...

USD The US dollar gave up ground once more, as the FOMC minutes seemed less hawkish than expected. Fed officials acknowledged that the slowdown in China poses additional uncertainties for the global and domestic economy, although their outlook hasn't...

GBPUSD is starting a downtrend on its short-term time frames, as a descending channel is forming on its 1-hour forex chart. The pair just bounced off the channel support at the 1.5100 major psychological level and might be ready to test the top at the...

The US dollar had a mixed performance once more, as it gave up ground to most of its forex peers but advanced to the euro and the franc There have been no major reports out of the US yesterday, leaving the dollar to act mostly as a counter currency....

EURUSD is slowly grinding higher moving inside a rising wedge formation on its 1-hour time frame.  A breakout in either direction could lead to a 200-pip move, which is the same size as the wedge pattern. The 100 SMA is above the longer-term 200...

USD The US dollar reacted mostly to risk sentiment and continued to weaken against its forex rivals, as data from the economy simply came in line with expectations. The trade deficit widened from 41.8 billion USD to 48.3 billion USD, indicating a 2%...

Even though GBPJPY suffered a sharp selloff in the past few weeks, the longer-term uptrend on its daily chart is still intact for now. Price is currently testing the bottom of the rising channel and might be due for a bounce. Stochastic and RSI are both...

USD The dollar had a mixed performance against its peers, although it was generally weaker due to the downbeat NFP release last week. Data from the US came in weaker than expected, as the ISM non-manufacturing PMI fell from 59.0 to 56.9, worse than...