EURAUD has been forming higher lows on its 4-hour chart, creating a rising trend line and reflecting an ongoing uptrend.  The pair seems to be making a correction from its latest rally and using the Fibonacci retracement tool shows that the 50%...

USD The US dollar ended the previous week on a strong note, as it regained ground against its forex counterparts. Data from the US came in stronger than expected on Friday, with the UoM preliminary consumer sentiment index climbing from 90.7 to 94.6,...

USDCAD is showing signs of a pullback on its 1-hour time frame, as the pair bounced off the 1.2200 major psychological support area. Price is now testing resistance at the 38.2% Fibonacci retracement level, which lines up with the short-term 100 SMA....

USD The US dollar marked its second day of losses against most of its forex rivals, despite better than expected data from the US economy.  JOLTS job openings showed a gain from an upgraded 5.11M to 5.38M, outpacing the consensus at 5.03M, while...

EURJPY has been moving sideways since the start of the month, as price found support at the 139.00 major psychological level and resistance near 141.00.  The pair is moving up to test the top of the range and may bounce from resistance since stochastic...

USD The US dollar returned some of its recent wins at the start of the week since there were no reports from the US economy to keep the momentum sustained.  Traders are also booking profits ahead of the US retail sales release tomorrow. For today,...

GBPUSD could be done with its short-term selloff since the pair is creating a double bottom reversal formation on its 1-hour time frame.  At the same time, the short-term simple moving average is crossing above the long-term 200 SMA, suggesting...

USD The US dollar surged against its forex rivals on Friday, thanks to a strong NFP report.  The economy added 280K jobs in May, higher than the projected 222K increase, while the jobless rate ticked up from 5.4% to 5.5% due to an improvement in...

GBPUSD could turn from its recent uptrend, as the pair is forming a reversal pattern on its 4-hour chart.  Price is in the middle of completing the right shoulder of the head and shoulders formation and might be gearing up to test the neckline around...

USD The US dollar managed to regain a bit of ground in recent trading, as forex traders booked profits off their short positions ahead of today’s NFP release.  Most of the leading jobs indicators suggest that a better than expected reading might b...