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...

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...