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...

GBPAUD made a strong break past the key resistance around the 2.1400-2.1500 levels, before zooming up to the 2.2300 area.  From there, the pair showed signs of pulling back and using the Fibonacci tool on the latest swing high and low on the 4-hour...

USD The US dollar suffered a sharp selloff against the yen and the euro, mostly due to the bloodbath in the equity market.  Apart from that, lower odds of a Fed rate hike in September are also leading investors to close off their long dollar holdings....

NZDUSD is forming a descending triangle on its 4-hour time frame, making lower highs and finding support around the .6500 major psychological level.  Price just got rejected on its latest test of the triangle resistance and is making its way back...

USD The US dollar gave up ground to its forex rivals despite stronger than expected data from the economy.  Existing home sales jumped from 5.48M to 5.59M while the Philly Fed index improved from 5.7 to 8.3. Initial jobless claims was worse than...