USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart.  Price is currently testing the top of the formation, still deciding whether to make a move back to the bottom...

USD The US dollar continued to advance against most of its currency counterparts, despite mixed data from the US economy.  The ADP non-farm employment change report showed a smaller than expected 212K increase versus the projected 219K gain, although...

USDCAD is gearing up to test the bottom of its descending triangle pattern once more, after finding resistance around the 1.2500 levels.  Price is nearing the support at the 1.2400 major psychological mark and may be due for a bounce. Stochastic...

USD The US dollar consolidated against most of its counterparts, as traders hesitated to take huge positions ahead of the upcoming NFP release.  There have been no major reports released from the US economy yesterday while today has the ISM non-manufacturing...

AUDCAD could be in for a breakout soon, as price is approaching the peak of its symmetrical triangle pattern on the 4-hour time frame.  Stochastic is pointing down, indicating that a downside break is likely, although price might still go either...

USD The US dollar continued its advance against most of its major counterparts, as risk aversion stayed in the market at the start of the week.  Data from the US economy was actually weaker than expected, with the ISM manufacturing PMI falling...

EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level.  This lines up with the 38.2% Fibonacci retracement level on the latest swing high and low on the...

USD The US dollar is off to a strong start this week after ending higher against most of its forex counterparts last week.  Risk aversion is still present in the financial markets, supporting the US dollar along with the renewal of the Fed’s h...

NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart.  This lines up with a broken support level and is close to the .7600 major psychological handle. If...

USD The US dollar staged a strong rally against its forex counterparts when a couple of Fed officials gave a hawkish bias in their recent testimonies.  Market watchers are back to pricing in the possibility of a Fed rate hike in June, although...