USD The US dollar was off to a shaky start on Monday’s trading but soon regained ground to its forex rivals during the latter sessions.  There have been no top-tier reports released yesterday while today has only a few low-impact ones on tap. T...

GBPAUD is testing a major resistance area on its daily chart, as price is hovering around the top of the ascending channel around the 1.9500 major psychological resistance.  Stochastic is moving down from the overbought area, indicating a potential...

USD The US dollar staged a strong rally on Friday, as the latest NFP report came in much stronger than expected.  The economy added 257K jobs for January, higher than the projected 236K increase. On top of that, the previous reports were also upgraded,...

GBPUSD recently broke past the 1.5200 major psychological resistance and rallied up to the 1.5350 minor psychological mark.  Price is now pulling back to the broken resistance area, which lines up with the 38.2% Fibonacci retracement level based...

USD The US dollar once again returned its recent gains as traders booked profits off their dollar longs prior to today’s NFP release.  Data from the US was mixed, as the trade balance came in short of expectations while initial jobless claims p...

EURJPY has been slowly treading higher, creating an ascending trend channel on its 1-hour forex chart.  Price has just bounced off the bottom of the range around the 133.00 major psychological support and looks ready to test the top around the 136.00...

USD The US dollar had a mixed performance as it regained ground to the euro but consolidated to the yen and franc.  Data from the US was mostly weaker than expected, as the ADP non-farm employment change showed a 213K increase, short of the estimated...

AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest.  Price just bounced off support at the .9600 major psychological level and my need to gain more selling pressure before...

USD The US dollar was in for a selloff yesterday when risk appetite picked up and traders dumped the safe-haven currency.  Data from the US economy was weaker than expected, as factory orders marked a 3.4% decline versus the projected 1.8% drop...

Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD.  Price is testing the falling trend line on its 1-hour time frame, which lines up with an area of interest and the 38.2% Fibonacci retracement l...