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....

USD   The US dollar regained ground against its forex counterparts as risk aversion popped its head back in the financial markets.  There have been no major reports released from the US while today has a few medium-tier reports on tap, namely...

AUDUSD broke past a resistance area on its 1-hour time frame and rallied to a high of .8250 before retreating.  Price is now retracing to the 50% Fibonacci level, which lines up with the broken resistance level at the .8150 minor psychological support....

USD The US reported a strong NFP reading for December, as the economy added 252K jobs versus the estimated 241K gain.  Apart from that, the November reading was upgraded from an initially reported 321K increase to 353K, bringing the jobless rate...

GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level.  Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that the 61.8% Fibonacci...

USD The US dollar continued to advance against the European currencies while showing more weakness to the commodity currencies as traders position themselves ahead of today’s NFP release.  The initial jobless claims report came in line with expectations o...