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...

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...