EURUSD has been consolidating inside a rising wedge pattern for the past few weeks and is recently showing signs of a breakdown. Price is trading below the 1.1300 handle and may be in for around 200 pips more in losses, which is the same height as the...

USD The US dollar regained a bit of ground against its rivals on Friday, as traders booked profits ahead of the weekend.  There have been no economic reports released from the US economy then while today has the existing home sales data on tap....

EURCHF is trending higher on its 4-hour time frame, with price testing support at the bottom of the rising channel around the 1.0400 major psychological level.  Stochastic is indicating oversold conditions and is starting to move higher, which suggests...

USD The US dollar regained ground against most of its forex rivals, except for the British pound, yesterday when data came in mostly stronger than expected.  The headline and core CPI readings missed expectations, but the initial jobless claims,...

EURCHF has been slowly treading lower on its short-term time frames, as the lack of progress in the Greek debt talks is starting to weigh on the shared currency.  Price is moving inside a descending trend channel and has just bounced off the resistance...

USD The US dollar suffered a sharp selloff after the FOMC statement, when Fed Chairperson Janet Yellen refrained from confirming that a rate hike in September was in order. The Fed actually downgraded their forecasts for growth and employment this year...

EURUSD just broke out of its short-term consolidation pattern, signaling that further gains are possible for the pair.  Recall that price had traded inside a symmetrical triangle pattern before breaking to the upside past the 1.1300 major psychological...

USD The US dollar was mostly in consolidation against its forex rivals, as traders are reducing their positions ahead of the FOMC statement. Data from the US was mixed, with building permits beating expectations and housing starts falling short. With...

EURGBP has been moving sideways on its 4-hour time frame, finding support at the .7100 major psychological level and resistance at the .7400 major psychological level.  The moving averages are also moving sideways, indicating that price could stay...

USD The US dollar gave up some of its recent gains, most notably against the pound, but was able to hold its ground against the yen.  Data from the US economy came in weaker than expected, with the Empire State manufacturing index falling to negative...