EURUSD could be ready to make another bounce, as the pair is creating an ascending trend line on its 1-hour forex chart.  Price just jumped to the 1.1400 handle recently before retreating towards support around the 1.1250 minor psychological level....

USD The US dollar was once again in a weak spot since data from the economy fell short of expectations and hinted of further weakness down the line. The ADP non-farm employment change showed a 169K increase in hiring versus expectations of a 199K gain...

Resistance at the top of the USDJPY range on the 4-hour time frame kept gains in check, pushing the pair back to the middle of the range. Price could be headed back to the bottom of the range around the 118.50  minor psychological level. Stochastic...

USD The US dollar returned some of its recent wins as traders continue to price in downbeat expectations for the upcoming NFP release.  Data from the US was also mostly weaker than expected, with the trade balance falling short of consensus at...

USDJPY is testing the top of the range forming on its 4-hour time frame, indicating that a move lower is likely.   Price is having difficulty breaking past the resistance around the 120.50 minor psychological level and may be due for a test of support...

USD Most dollar pairs were stuck in consolidation at the start of the week, as most traders were still off on a May Day holiday and there were no major reports printed.  Today has the US ISM non-manufacturing PMI on tap and analysts are expecting...

On its daily time frame, GBPJPY has formed lower highs and found support at the 176.00 major psychological level.  A descending triangle chart pattern appears to be forming, as the pair is currently testing the top of the formation. If this area...

USD The US dollar managed to make a bit of a recovery on Friday, despite weaker than expected data from the economy.  The ISM manufacturing PMI fell short of expectations when it held steady at 51.5 instead of improving to the estimated 52.1 reading....

AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level.  From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high and low...

USD The US dollar was finally able to make a bit of recovery against its forex counterparts, even though economic data came in mixed.  Initial jobless claims came in better than expected at 262K versus the estimated 290K figure while the quarterly...