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...

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...