GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest.  On its 4-hour chart, it can be seen that the long-term EMA has...

USD The US dollar regained some ground against its forex counterparts yesterday, as traders booked profits off key levels ahead of the FOMC minutes release tomorrow.  Data from the US has been weaker than expected, with the NAHB housing index falling...

GBPUSD has been on a strong uptrend, as the pair has been trading above a rising trend line forming on its 4-hour forex chart.  The pair recently rallied up to the 1.5800 major psychological resistance before showing signs of a pullback. Applying...

USD The US dollar had a volatile run on Friday, as it gained some ground against its forex counterparts only to give most of it back by the end of the day.  Data from the US economy came in weaker than expected, dashing hopes that the Fed might...

EURJPY is moving inside an ascending channel on its 1-hour chart, indicating that a short-term uptrend is taking place.  However, the pair has already reached the top of the channel and may fall from the resistance near the 137.00 major psychological...

USD The US dollar managed to regain a bit of ground in recent trading sessions, even though data from the US economy came in mostly weaker than expected.  Initial jobless claims were better than expected but the PPI readings indicated that weaker...

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...