USD The US dollar returned some of its recent wins to its counterparts as traders started easing off their long positions ahead of the FOMC statement this week.  Data from the US was weaker than expected, as the Empire State manufacturing index...

EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place.  On its 1-hour chart, the pair has formed a double bottom pattern, indicating that the downtrend could turn. The pair has to break past...

USD The US dollar was a big winner last week, as risk aversion and the prospect of a Fed rate hike pushed the currency higher.  This week, pricing in of expectations ahead of the FOMC statement and the actual reaction to the event might drive dollar...

EURAUD broke below the neckline support of its head and shoulders pattern on the daily time frame, indicating that the pair is in for longer-term declines.  Price is now 200 pips below the neckline at the 1.4000 major psychological level and could...

USD The US dollar gave back some of its recent wins when the retail sales report came in weaker than expected.  Headline consumer spending slumped 0.6% in February while core retail sales showed a 0.1% decline instead of the projected 0.8% gain....

AUDUSD has recently made a strong drop below a key support level near the .7750 minor psychological mark.  After that, price reached the .7750 minor psychological handle before making a retracement. Price is waiting at the 38.2% Fibonacci retracement...

USD The US dollar was unstoppable in its recent rallies, as it edged lower to the pound and the euro yesterday.  There have been no major reports out of the US economy but the increased speculations of a Fed rate hike in June have been supporting...

EURCHF could be in for a break below its descending triangle pattern, as the ongoing quantitative easing program of the European Central Bank has been weighing on the shared currency.  At the moment, the pair is still finding support at the 1.0650...

USD The US dollar continued with its climb to its major counterparts during the Asian session but gave back some of its recent days at the end of the day, as traders booked profits off key levels.  There have been no major reports released from...

NZDJPY has been in a downtrend on its 1-hour forex chart, as a descending trend line can be drawn to connect the recent highs.  The pair just dipped to the 88.00 major psychological support level and is making a pullback to the trend line. Stochastic...