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...

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...