EURUSD has had trouble breaking past the 1.1400 major psychological barrier and has formed a double top pattern on its 4-hour chart.  This reversal signal could indicate that the previous uptrend is over and that selling pressure is building up....

USD The US dollar was off to a running start this week as risk aversion settled in the markets. Greeks voted against the current bailout proposal, which involves further austerity measures. There were no reports released from the US on Friday since...

After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near the 123.00 major psychological level. Stochastic...

USD The US dollar suffered a sharp selloff against its forex rivals in recent trading, thanks to weaker than expected NFP data.  The report showed a 223K increase in hiring versus the projected 231K figure while average hourly earnings showed a...

USDJPY was rejected at the resistance of the descending channel on its 1-hour time frame, which suggests that the selloff could resume.  The pair found resistance at the 123.50 minor psychological level and could head back towards support at 121.50....

USD The US dollar managed to advance against most of its major counterparts, as risk aversion stayed in the financial markets.  Data from the US also came in better than expected, setting the stage for an upside surprise in the NFP. The ADP non-farm...

GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame.  The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic is indicating oversold conditions,...

USD The US dollar regained a bit of ground on risk aversion after Greece defaulted on its loan to the IMF.  Data from the US came in mixed, with the Chicago PMI missing expectations and the CB consumer confidence index printing stronger than expected...

AUDUSD recently bounced off its long-term support at the .7600 major psychological level and could be ready to test the top of the range again.  Price is moving up towards the resistance at .7800, which might keep gains in check. The top of the...

USD The US dollar had a mixed performance, although it was generally weaker against most currencies at the end of the day.  The weekend gaps were mostly filled, as traders started to book profits ahead of event risks and a shortened trading week....