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...

EURGBP has been trading in a short-term uptrend for most of the month, as an ascending trend line can be drawn to connect its recent lows.  Price has formed a bullish divergence, with stochastic making lower lows and the pair making higher lows...

USD The US dollar continued to edge lower to most of its major counterparts as more and more traders have been booking profits off their long positions at the end of the month and quarter.  Data from the US has been weaker than expected, with both...

EURNZD’s recent downtrend might soon be over, as the pair formed a reversal pattern on its 4-hour chart.  The pair has yet to break above the resistance levels around the neckline of the double bottom and the longer-term exponential moving average b...

USD The US dollar continued to weaken against most of its major counterparts, despite stronger than expected data from the US economy.  Core CPI came in stronger than expected with a 0.2% gain versus the estimated 0.1% uptick while the headline...