NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible.  Price found support at the 81.00 major psychological mark and resistance at the 83.00 major psychological level, which is the...

USD The US dollar ended the previous week on a strong note, thanks to upbeat data from the economy.  Headline CPI came in line with expectations of a 0.3% gain while the core version of the report met the consensus of a 0.2% uptick. Building permits...

NZDUSD could be in for a correction early this week, as the pair bounced off its recent lows around the .6500 major psychological level.  Applying the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up...

USD The dollar had a mixed performance, as some traders already booked profits off their long USD positions. Data from the US economy came in mixed, with the initial jobless claims coming in line with expectations and the Philly Fed index falling short...

EURAUD formed a head and shoulders pattern on its 1-hour time frame, indicating that a reversal from the previous uptrend might be seen. Price is already breaking below the neckline support at the 1.4700 major psychological level and could be in for...

USD The US dollar regained ground against its forex rivals when risk aversion returned to the markets. Fed Chairperson Yellen’s positive remarks on the US economy was also reassuring for dollar bulls, reminding market watchers that a rate hike is s...

After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation. After all, the BOC decided to cut interest rates from 0.75% to 0.50% and lowered their growth...

USD The US dollar returned most of its recent wins when the US retail sales figures fell short of expectations. The headline figure showed a 0.3% decline while the core version of the report showed a 0.1% dip when analysts were expecting to see a 0.2%...

AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month and seems ready to test the neckline around the .7500...

USD The US dollar regained ground against most of its forex counterparts when risk aversion popped its head back in the markets yesterday. Even with a Greek bailout deal in the works, traders still don’t seem to be buying into the idea that this could s...