AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff.  Price has failed in its last two attempts to break below the .7250 minor psychological support level and is on its way to test resistance...

USD The US dollar had a volatile time during the FOMC statement but generally ended higher against its currency counterparts.  The Fed didn’t give any explicit remarks on potential rate hikes but upgraded its wording to show a more optimistic a...

 EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support.  This lines up with the 61.8% Fibonacci retracement level...

USD The dollar was hit by profit-taking activity in yesterday’s US trading session, with traders closing off their long positions ahead of the FOMC statement today.  Data from the US came in mixed yesterday, as the CB consumer confidence index f...

EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows.  Price could draw support around the 1.5000 to 1.5100 area, which lines up with the trend line and...

USD The US dollar was in a weak spot recently, despite stronger than expected data from the economy.  Headline durable goods orders showed a 3.4% jump versus the projected 3.2% gain but the previous reading was downgraded to show a 2.2% decline....

GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart.  The pair has recently found resistance at the 2.1400 major psychological mark and might retreat to the 2.1200 levels....

USD The US dollar was in for a weak start this week since traders seem to be reducing their exposure ahead of the top-tier events later on. For today, only the durable goods orders report is due and a rebound is eyed. The headline figure could show...

USDCAD recently made a strong rally past a key resistance area around 1.3000 and is currently retreating to that level at the start of the week. Price surged to the 1.3100 mark after the breakout and could be in for new highs after this correction. At...

USD The US dollar advanced against most of its forex rivals as risk aversion set in when commodity prices continued to tumble.  Data from the US came in better than expected, with initial jobless claims falling to 255K and the CB leading index...