USD Not even the lack of top-tier data or the lower liquidity during the Martin Luther King holiday was enough to stop the Greenback from moving around the charts, as traders started positioning ahead of the major events this week.  There are still...

Last week’s SNB decision to remove the franc peg resulted to a massive rally for the Swiss currency and a 2000-pip selloff for EURCHF.  According to SNB Chairman Thomas Jordan, this decision was made in anticipation of actual quantitative easing f...

USD The US dollar was in for a bit of consolidation towards the end of the week, as CPI reports came in weaker than expected.  The headline figure indicated a 0.4% drop in price levels while the core figure stayed flat in December. The Greenback...

AUDJPY has been trading in a downtrend, as a descending trend line can be drawn to connect the pair’s recent highs.  Price is currently testing the falling resistance level around the 97.00 major psychological resistance for now and stochastic i...

USD The US dollar had a volatile New York trading session as central bank announcements rocked the markets.  At the end of the day, the lower-yielding currency ended mostly lower to its forex counterparts, as data from the economy came in mixed....

NZDUSD is testing the top of the range on its 4-hour forex chart, indicating that selling pressure might return sooner or later.  Price is finding resistance at the .7850 minor psychological level and might be headed for the bottom of the range...

USD The US dollar had a mixed performance as it advanced to the yen but gave up ground to the pound.  Against the franc and euro, consolidation was seen. Data from the US economy was weaker than expected, as both headline and core retail sales...

NZDJPY recently broke below the bottom of the descending triangle pattern on its 4-hour time frame and is showing signs of a pullback.  Price could retreat until the Fibonacci retracement levels which are close to the broken triangle support. In...

USD The US dollar stayed supported by risk aversion throughout the trading day as geopolitical tension and falling commodity prices kept risk-taking in check.  Data from the US economy was stronger than expected, with the JOLTS job openings report...

NZDJPY has shown increased downside momentum, as price broke below the bottom of the ascending triangle on its 4-hour time frame.  The chart pattern is roughly 600 pips in height, suggesting that the resulting breakdown could be of the same size....