USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session.  This could be a sign that the pair is in for at least 150 pips in gains, which is the same height as the chart pattern. Stochastic i...

USD The US dollar didn’t fare so well in recent trading, as data from the economy came in mostly weaker than expected.  Headline durable goods orders was the only report that showed strong results, with a 0.4% gain versus the estimated 0.4% decline. C...

AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action.  The pair previously broke through support around the .8700-.8800 major psychological mark and...

USD The US dollar barely benefitted from the upgraded Q3 GDP reading from 3.5% to 3.9%, as forex pairs seemed to react to risk appetite.  Components of the report showed that the upgrade was a result of strong consumer spending data and a pickup...

GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards.  The pair is still a hundred pips away from testing the neckline support at the 184.00 levels. A break below the neckline could send GBPJPY...

USD The US dollar had another mixed performance as it lost ground to the euro and franc, consolidated to the pound, and advanced against the yen and commodity currencies.  The US currency appears to be acting as a counter currency for the time...

USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725.  The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of resistance...

USD The US dollar had a mixed performance as it returned some of its gains to the yen and comdolls while gaining more ground to the European currencies.  There have been no reports released from the US economy then, leaving risk sentiment as a...

A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame.  Price is still a few pips away from the neckline around the .8800 major psychological level but stochastic is indicating that there...

USD The US dollar edged cautiously higher against most of its major counterparts, as data from the economy came in mixed.  The headline CPI reading came in better than expectations of a flat figure instead of the projected 0.1% decline while the...