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...

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...