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...

EURCHF has been forming lower highs and higher lows, creating a symmetrical triangle pattern o its 1-hour chart. Price has been consolidating tightly and moving closer to the end of the triangle, indicating that a breakout might take place soon. ...

USD The US dollar sold off sharply against its forex rivals when the NFP report came in way below expectations.  The report indicated a mere 142K increase in hiring instead of the projected 201K gain while the previous reports were downgraded to...

AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart.  Price recently broke above the double bottom neckline as well, setting its sights on the next potential...

USD The US dollar had a mixed performance in recent trading sessions, as traders are probably squaring off their positions ahead of the US NFP release today.  Data from the US came in mostly weaker than expected, with the initial jobless claims...