USD The US dollar regained a bit of ground against the yen but gave up some of its wins to the euro and the pound.  There have been no top-tier releases from the US economy at the start of the week, which explains the Greenback’s mixed price a...

USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level. Price is now on its way to test the top of the range around the 118.25 mark and may be due south if it holds as resistance. However, it looks l...

USD After the strong forex moves last week, profit-taking was seen on Friday as the US dollar gave back some of its recent gains.  Data from the US was also weaker than expected, as the flash manufacturing PMI fell from 53.9 to 53.7 instead of...

USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame. The pair made a couple of failed attempts to break past the 118.75 area and found support at the 117.50 minor psychological level, which i...

USD The US dollar resumed its rally to most of its forex counterparts, as the EURUSD tumble carried on to other pairs.  Data from the US was weaker than expected, with the initial jobless claims showing a larger than expected 307K reading versus...

USDJPY is moving inside a descending triangle pattern on its 4-hour time frame, as price made lower highs and found support at the 116.00 major psychological level.  The pair is currently testing the triangle resistance for now and may be due for...

USD The US dollar had a mixed performance, as it gave up ground to the euro, franc and yen but rallied against the commodity currencies. Data from the US has also been mixed, with building permits showing a lower than expected 1.03M reading and housing...

AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level.  The pair is currently testing support for now and may be due...

USD The US dollar moved mostly sideways in recent trading, although it managed to regain ground against the commodity currencies. There have been no major reports released from the US economy then, leaving the Greenback to act as a counter currency....

EURNZD has been trading in a downtrend and is currently testing the descending trend line on its 4-hour forex chart.  The falling resistance level might hold for now, as stochastic is indicating overbought conditions and is showing a bearish divergence....