AUDCAD seems to be done with its downtrend as a reversal pattern can be seen on its 4-hour forex chart. The pair failed in its recent attempts to break below the 0.9500 major psychological support and could test the neckline of the double bottom formation...

USD The US dollar continued to give up more ground to its forex counterparts in recent trading as data from the economy still fell short of expectations.  The Empire State manufacturing index fell into negative territory, with the reading tumbling...

EURUSD has been selling off since the start of the month but it seems to be making a correction for the past few days.  Price has popped up from the 1.0500 area to the 1.0700 levels, which is close to the 38.2% Fibonacci retracement on the 1-hour...

USD The US dollar suffered a sharp selloff in recent trading after the country’s retail sales figures came in short of expectations.  Headline retail sales chalked up a 0.9% increase instead of the projected 1.1% gain while core retail sales s...

USDJPY has been slowly trending higher on its 1-hour time frame, as the pair is creating an ascending channel on the chart.  Price is currently testing support at the bottom of the channel near the 119.50 minor psychological level and may be headed...

USD The US dollar continued to gain ground in the earlier trading sessions but gave up some of its wins during the New York hours.  Data from the US has been weaker than expected, as the federal budget balance came short of consensus. US retail...

GBPAUD has recently broken below support at the 1.9350 minor psychological level and is making a correction from the selloff.  Price bounced off the 1.9000 major psychological support and is pulling up to the retracement levels on the 1-hour chart....

USD The US dollar continued to advance against its forex counterparts, thanks to risk aversion extending its stay in the financial markets.  There have been no major reports out of the US last Friday and none are lined up today, indicating that...

EURNZD recently broke below the 1.4300 major psychological support level and dipped to the 1.4100 area before pulling up.  Price is now nearing the 38.2% Fibonacci retracement level on the latest swing high and low on the 4-hour chart. If this resistance...

USD The US dollar made a bit of a recovery to its forex counterparts in recent trading, as data from the US economy came in stronger than expected again.  Initial jobless claims came in at 282K versus the estimated 291K figure and the previous...