USDJPY previously made a downside break from a tight consolidation pattern, signaling further downside momentum.  Price has dipped to the 118.00 area before showing signs of a pullback, possibly until the broken support near the 50% Fibonacci retracement...

USD The US dollar gave up a lot of ground to its forex counterparts in recent trading sessions, spurred mostly by disappointing retail sales data.  The headline figure indicated a mere 0.1% uptick instead of the 0.2% rise while the core figure...

EURGBP has been moving steadily higher but is still inside a rising wedge consolidation pattern. Price just tested the resistance and made a bounce, indicating that a test of support near the .7400 major psychological level might take place soon. The...

USD The US dollar had a mixed performance as it acted mostly as a counter currency in recent trading sessions.  Low-tier data from the US economy came in somewhat better than expected, with the NFIB small business index rising from 95.9 to 96.1....

EURJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour chart.  Price is testing the top of the triangle, still unsure whether to make a bounce or a break. A bullish pennant can be seen, hinting at the...

USD The absence of US traders kept the dollar on weak footing, as traders continued to price in weaker odds of a Fed liftoff before the end of the year.  Over the weekend, IMF leaders urged central bank heads to maintain their accommodative monetary...

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...