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...

USD The US dollar continued to climb against its counterparts, as traders piled on their long positions after seeing the strong NFP report.  There have been no major reports released from the US economy yesterday while today has only the JOLTS...

GBPJPY showed increased downside momentum recently, as price broke below a major support zone and dipped close to the 181.00 mark.  The pair seems to be in the middle of a retracement right now, as price pulled up to the broken support at the 184.00...

USD The US dollar staged a strong rally against its currency counterparts after the US NFP report came in stronger than expected.  The economy added 295K jobs in February, bringing the jobless rate down from 5.7% to 5.5% for the month. Wage growth...

USDJPY broke above the ascending triangle resistance on its 1-hour chart and confirmed the bullish momentum for the pair.  This occurred after the stronger than expected US NFP report was released, increasing speculations for a Fed rate hike sometime...

USD The US dollar advanced against most of its counterparts as risk aversion stayed in the markets yesterday.  Data from the US was mostly weaker than expected, as the initial jobless claims showed a 320K reading versus the projected 293K figure,...