NZDJPY is moving sideways on its 1-hour forex chart and might draw support from the bottom of the range around the 76.50 minor psychological level.  A bounce off this area could lead to a move back to the top around the 78.50 minor psychological...

USD The US dollar had a mixed performance on Friday, but managed to advance against some of its rivals.  Data from the US was mostly weaker than expected, as the personal spending figure came in below consensus with a 0.3% gain versus the projected...

EURGBP has been climbing higher on its 1-hour time frame, recently breaking past the resistance around the .7150 minor psychological mark.  From there, the pair zoomed up to the .7400 major psychological resistance before pulling back. Using the...

USD The US dollar managed to stage a strong rally in the US trading session after the Q2 GDP reading enjoyed a large upward revision from 2.3% to 3.7%.  However, components of the report showed a significant buildup in inventories, which suggests...

Despite its recent sharp selloff, EURUSD is still on an uptrend on its longer-term time frames.  The pair is moving inside a rising channel on its 4-hour chart and may be ready to test the channel support at the 1.1000 major psychological level....

USD The US dollar managed to regain a lot of lost ground in yesterday’s trading sessions when risk aversion extended its stay in the markets.  In addition, data from the US was stronger than expected, with the headline durable goods orders showing a...

GBPCAD is currently making a correction to the broken resistance around the 2.0600 major psychological support, which lines up with the 200 SMA on the 1-hour time frame.  The short-term 100 SMA is still above the 200 SMA so it’s likely that the u...

USD The US dollar made a pretty strong rebound during the New York trading session, as equities showed a recovery. Data from the US came in mixed, with the CB consumer confidence index climbing from 91.0 to 101.5 and outpacing the consensus at 92.8....

GBPUSD recently broke past the resistance at the 1.5650-.1.5700 psychological levels and is showing signs of a pullback from the rally.  The Fib tool appliced on the swing low and high on the 4-hour chart shows that the 38.2% to 50% retracement...

USD The US dollar had a mixed performance in recent trading, as it suffered a sharp selloff then rebounded later on.  It was able to advance against the commodity currencies but paled in comparison to the yen and European currencies. There have...