AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame. As you can see from the chart, the pai...

USD The US dollar had a mixed performance following the release of the FOMC minutes, although the safe-haven currency generally ended stronger.  The minutes showed that the US central bank is in no rush to tighten monetary policy but is pleased...

AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame.  A double bottom formation can be seen after the pair failed in its past two attempts to break below the .8050 minor psychological support l...

USD The US dollar gained support from risk aversion once more, allowing it to advance against the pound and euro.  Data from the US was actually weaker than expected, as the ISM non-manufacturing PMI fell from 59.3 to 56.2, reflecting a slower...

EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on.  Price could head back to the top of the range near the .8050 minor psychological resistance. Stochastic just...

USD The US dollar continued to stay supported against most of its major counterparts, although some of its gains were limited in recent trading.  The lack of top-tier data from the US economy forced the currency to return some of its wins, particularly...

AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame.  The pair previously bounced off its lows and is showing signs of a pullback to the trend line....

USD The US dollar was able to end the year strong when risk aversion and falling commodity prices weighed on higher-yielding currencies.  Apart from that, the upgrade in US GDP was more than enough to sustain the Greenback’s rallies as traders c...

GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards.  The previous uptrend could soon be reversed if price breaks below the neckline of the pattern around the 180.50 minor psychological...

USD   The US dollar returned some of its recent post-FOMC gains to its forex counterparts, as data from the economy came in mixed.  Initial jobless claims was better than expected at 289K versus the projected 297K reading, but the Philly Fed...