AUDNZD formed a reversal pattern on its 4-hour chart, hinting that the long-term downtrend might soon turn.  Price has already broken past the neckline around the 1.0200 major psychological resistance and seems poised for more gains. The chart formation...

USD The US dollar had a mixed performance in recent trading, as it regained ground to the franc and yen but weakened against the euro and the pound Existing home sales from the US economy was better than expected, as the reading showed a pickup from...

EURNZD has been in a steady downtrend but the pair is starting to make a correction on its 4-hour forex chart.  Price has bounced off support at the 1.3900 major psychological level and might pull up to the dynamic resistance around the longer-term...

USD The US dollar was unable to pick a clear direction in recent trading sessions, as the lack of data kept risk sentiment in play.  Updates on the Greek debt talks and potential scenarios continued to keep traders on their toes, but today’s r...

A double bottom reversal pattern can clearly be seen on Cable’s 4-hour forex chart, indicating that a long-term rally might take place. Price is currently testing the neckline of the pattern around the 1.5000 major psychological resistance. An upside b...

USD The US dollar managed to recoup some of its recent losses as risk aversion extended its stay in the financial markets.  There have been no reports from the US economy then, leaving traders to focus on other news updates that affect overall...

USDCAD has been trading lower in the past few days, after breaking below support at the 1.2450 minor psychological level.  Since then, the pair has tested support at the 1.2100 major psychological level and showed signs of retracing. Using the Fibonacci...

USD The US dollar suffered a continuous selloff last week as weak data from the economy weighed on rate hike prospects.  There are no major reports lined up from the US this week, as traders could focus on market sentiment for direction. Last Friday,...

USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart.  The pair has created higher lows and found resistance at the 121.00 handle, forming an ascending triangle chart pattern....

USD The US dollar gave up more ground to its forex counterparts when data from the economy came in weaker than expected. Initial jobless claims came in at 294K, higher than the estimated 284K figure and the previous 282K reading. Building permits fell...