GBPAUD formed lower highs and found support at the 2.1425 level, creating a descending triangle pattern on its 4-hour forex chart.  Price is currently testing the triangle support, with a potential breakdown likely to indicate the start of a downtrend...

USD The US dollar had a mixed performance after data from the economy came in mixed.  The ADP non-farm employment change beat expectations with a 200K gain versus the projected 192K increase and the previous 186K rise, spelling positive prospects...

EURAUD has just gotten rejected on its test of the range resistance at the 1.6200 major psychological level and is now headed towards support at the 1.5600-1.5650 area.  This follows the formation of a double top pattern visible on the short-term...

USD The US dollar was off to a strong start when risk sentiment weakened during the Asian trading session but gave back its recent wins when higher-yielders regained ground later on.  Data from the US was better than expected, with the CB consumer...

AUDUSD might be done from its recent slide, as it formed a double bottom formation on the 1-hour chart and a larger one on the 4-hour time frame.  Zooming in to the shorter-term time frame reveals that the pair has yet to break past the neckline...

USD The US dollar had a mixed performance, as it gained ground to the pound and comdolls but weakened against the yen and euro.  FOMC officials had mixed views on a potential rate hike later this year, as FOMC member Evans expressed concerns about...

EURUSD could be in for a short-term reversal from its recent selloff, as the pair formed a double bottom pattern on its 1-hour time frame.  Price has yet to test and break above the neckline of the formation around the 1.1300 major psychological...

USD The US dollar was able to cap off a pretty good week, spurred mostly by hawkish remarks from Fed officials.  Most FOMC members hinted that they're open to tightening before the end of the year, although they maintained that inflation remains...

AUDUSD has been in a strong downtrend lately but it looks like the bearish momentum is fading.  Price formed higher lows on the 4-hour chart while stochastic made lower lows, creating a bullish divergence. Stochastic has yet to climb out of the...

USD Dollar pairs tossed and turned in the charts yesterday when FOMC head Yellen gave hawkish remarks but economic data failed to support her upbeat bias.  According to Yellen, a rate hike is possible this year as long as the headwinds to the domestic...