USDCAD has been on a short-term uptrend, as shown by the ascending trend line connecting the pair’s recent lows.  Price looks ready to make a test of the trend line for now and may bounce off support, as this lines up with the 38.2% Fibonacci r...

USD The US dollar got a strong boost from the FOMC statement yesterday, even as the Fed retained its “considerable time” phrase in talking about how long interest rates are likely to remain low.  However, Fed head Yellen did point out that the...

EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs.  This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has...

USD The US dollar lost ground to most of its FX trading counterparts once more, although it managed to hold steady against the commodity currencies.  Risk aversion seems to be in play, yet traders are keen to reduce their dollar holdings ahead...

GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark.  Price recently bounced off the bottom of the range and is currently...

USD The US dollar had a mixed performance recently as it acted more as a counter currency to its forex rivals.  Data from the US came in mixed, with stronger than expected capacity utilization and industrial production figures and weaker than expected...

EURUSD is consolidating inside a symmetrical triangle pattern ahead of the top-tier events from both the euro zone and the US this week. For today, German and French manufacturing and services PMIs are lined up and these might provide volatility for...

USD   The US dollar was in a weak spot last Friday, as data from the US economy came in mixed.  US headline PPI was weaker than expected with a 0.2% decline and the core version of the report also indicated a weaker than expected figure as...

EURGBP has been moving inside a rising channel since the start of the month, as the uptrend might carry on.  The pair is gearing up to test the top of the range around the .7950 minor psychological level, which might hold as resistance. Stochastic...

USD  The US dollar regained ground against most of its forex rivals in yesterday’s trading session, thanks to strong data from the economy.  Headline retail sales came in stronger than expected with a 0.7% gain versus the projected 0.4% i...