GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line.  In addition, the long-term exponential moving average has been holding as a dynamic support area and another test seems to be...

USD   The US dollar had a volatile New York trading session, thanks to the mixed signals from the FOMC statement.  While policymakers dismissed the recent slump in hiring and spending as purely a result of temporary factors, they also downgraded...

CADJPY has been steadily climbing on its 1-hour forex chart, reflecting a short-term uptrend for the pair.  Price has been treading above the long-term exponential moving average on the same time frame while the short-term EMA is also moving higher,...

USD Dollar traders seem to be reducing their long positions ahead of the FOMC interest rate statement in today’s US session, as the currency gave up more ground to its forex counterparts.  It didn’t help that US data was weaker than expected, wit...

NZDUSD might be ready for another short-term selloff, as the pair is testing the rising wedge resistance on its 4-hour time frame.  At the same time, stochastic is indicating overbought conditions, which means that sellers might take control of...

USD The US dollar was pushed around in recent trading but still ended up mostly weaker to its forex counterparts.  There have been no reports released from the US economy then but it looks like the pickup in risk appetite due to the developments...

AUDUSD is once again testing the neckline of the complex double bottom pattern on its 4-hour time frame.  A break past the resistance around the .7900 major psychological level could confirm the potential reversal, which might last by around 350...

USD The US dollar gave up more ground on Friday as risk appetite improved and data from the US economy came in mixed.  Headline durable goods orders jumped 4.0% while core durable goods orders showed a worse than expected 0.2% slide. Only the flash...

NZDUSD is showing signs of a pullback on its short-term time frames, as price bounced off the .7550 minor psychological support and is retreating to the Fibonacci levels on the latest swing high and low.  In particular, the 50% Fibonacci level is...

USD The dollar returned its recent gains once more when US data surprised to the downside yesterday.  Initial jobless claims showed a higher than expected 295K reading versus the projected 288K figure while the flash manufacturing PMI slumped from...