EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.  However, the latest ECB statement triggered a sharp downside...

USD The US dollar advanced against most of its peers as risk aversion seemed to return to the financial markets.  There have been no major reports out of the US economy yesterday while today has the initial jobless claims and existing home sales...

EURGBP is still trading around the top of its range on the 4-hour time frame, as traders are waiting for the upcoming ECB statement.  Price has been testing the resistance at the .7400 major psychological level for quite some time and has indicated...

USD The US dollar regained ground against most of its peers in recent trading sessions when Fed head Yellen didn't exactly show any shift in her monetary policy bias.  Other FOMC members reiterated that a liftoff is still possible this year but...

EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern.  The resistance around the 1.1500 major psychological held on the latest...

USD The US dollar was off to a strong start for the week but wound up giving up some of its recent gains to its peers.  FOMC member Brainard reiterated the risks of hiking interest rates too early in her latest testimony, reminding forex market...

EURJPY is still moving inside the symmetrical triangle pattern on its 4-hour chart, as price just bounced off the bottom once more.  Another test of the triangle resistance near the 136.00 major psychological resistance might take place since stochastic...

USD The US dollar regained some ground against its peers on Friday when reports came in line with expectations Capacity utilization rose 77.5% while industrial production dipped by only 0.1% as expected. The preliminary UoM consumer sentiment report...

EURUSD is in a steady uptrend on its 1-hour time frame and is currently pulling back from the climb. Using the Fibonacci retracement tool on the latest swing high and low reveals that the pair is currently finding support at the 50% level, which is near...

USD The US dollar bounced back against its forex counterparts yesterday, thanks to upbeat CPI data.  The headline figure came in line with expectations of a 0.1% dip while the core reading showed a stronger than expected 0.2% increase versus the...