AUDUSD recently broke past resistance at the .8000 major psychological level and surged up to a high of .8150.  From there, the pair showed signs of retreating from the rally and may be due for a pullback to the short-term Fibonacci retracement...

USD The US dollar had a mixed performance in recent trading sessions, despite weaker than expected data from the economy.  Headline retail sales showed a flat reading for April instead of posting the projected 0.3% gain while core retail sales...

NZDJPY popped up from its previous lows around the 88.00 major psychological level and is in the middle of a market correction.  Applying the Fibonacci retracement tool on the swing high and low on the pair’s 4-hour time frame shows that the 61.8% l...

USD The US dollar returned some of its recent wins as risk appetite somewhat improved in the markets and traders also booked profits ahead of the US retail sales release today Data from the US economy was weaker than expected, as the JOLTS job openings...

EURUSD could be in for a potential reversal from its recent uptrend, as price is creating a head and shoulders pattern on its 1-hour time frame.  The pair is still forming the right shoulder and is still a few pips away from testing the neckline...

USD The US dollar had a mixed performance as it managed to advance against most of its forex counterparts but gave up ground to the pound.  There have been no major reports out of the US economy at the start of the week and it seems that China’s i...

GBPUSD may be done with its long-term selloff, as the pair formed a reversal pattern on its daily time frame.  An inverse head and shoulders can be seen and price is already testing the neckline around the 1.5500 major psychological resistance....

USD The US non-farm payrolls report came in line with market expectations of a 223K gain, allowing the jobless rate to drop from 5.5% to 5.4% in April.  However, the previous data was revised to show a mere 85K increase in hiring, down from the...

AUDUSD has been creating lower highs and making higher lows, forming a symmetrical triangle forex chart pattern on its 1-hour time frame.  At the moment, the pair is testing the triangle support near the .7900 major psychological level and may be...

USD The US dollar had a mixed performance against its forex counterparts, as traders closed their open positions ahead of the NFP release.  Early labor indicators have been printing mixed signals, with the ISM manufacturing PMI and ADP non-farm...