GBPUSD has been trading in a downtrend recently, creating a descending trend line on its 4-hour forex chart.  The pair is testing the falling resistance area at the moment, as it lines up with the longer-term exponential moving average and the 1.5400...

USD The US dollar had a tough time holding on to its gains yesterday and even gave up ground to the euro.  Data from the US economy was mixed, with the ADP non-farm employment change coming in slightly above expectations and showing a 201K gain....

EURCAD recently formed an inverse head and shoulders pattern on its daily time frame, indicating that the pair is already exhausted from its dive Price just broke past the neckline resistance around the 1.3800 major psychological level after the ECB...

USD The US dollar gave up a lot of ground in yesterday’s trading sessions when risk appetite picked up on news that the EU and IMF have come up with a debt deal for Greece.  Data from the US also came in mostly weaker than expected, as factory o...

EURUSD recently pulled up from its sharp dive below the 1.1150 minor psychological level onto the 1.0800 area, creating a corrective wave on its 4-hour forex chart.  The Fibonacci retracement tool shows that the 50% level lines up with the broken...

USD The US dollar continued to advance against most of its currency counterparts when risk aversion popped its head in the financial markets at the start of the week.  Data from the US came in mixed, with the core PCE price index falling short...

EURAUD seems to be completing a complex double bottom pattern on its daily chart, with price currently testing the neckline around the 1.4400 major psychological mark.  An upside breakout past this resistance would mark the start of a longer-term...

USD The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month.  Data from the US economy came in slightly better than expected, as the...

The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month The short-term EMA has been moving below the long-term EMA on the same time frame,...

USD The US dollar returned some of its recent gains when data from the economy came in mixed yesterday.  Initial jobless claims data came in below expectations, showing a 282K increase versus the estimated 271K gain. Pending home sales came in...