EURGBP has been trending lower on its 4-hour forex chart, with price moving below a descending trend line connecting the highs since May.  Price looks ready to pull back to the trend line, which is in line with the 200 SMA. For now, the 100 SMA...

USD The US dollar regained ground against its forex rivals, thanks to a selloff in commodities and a downturn in risk appetite.  Data from the US has been stronger than expected, with existing home sales picking up from 5.32M to 5.49M. Up ahead,...

AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00.  The pair seems to be on its way to test the bottom of the range for another potential bounce....

USD The US dollar gave back some of its recent gains to its forex rivals, as traders probably booked their profits off their long positions.  There have been no reports released from the US economy then while today only has the existing home sales...

After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level.  This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance, which could allow...

USD The US dollar had a mixed performance as it gave up some ground to the commodity currencies but advanced against the yen and franc.  There have been no major reports released from the US at the start of the trading week and there are still...

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...