USD The US dollar was on a roll once more, as the currency continued to advance against most of its forex counterparts.  EURUSD tested new lows while USDJPY went on to rally to levels not seen since 2007. Data from the US was stronger than expected,...

NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level.  The pair has dipped to the .7700 area and has shown signs of retracing. The Fibonacci retracement tool indicates that the 38.2% level...

USD The US dollar continued its ascent until the very end of the week, particularly against the euro and the yen.  Data from the US economy was mixed, with the personal spending and income figures coming short of expectations and the employment...

EURUSD seems to be gearing up to make new lows, as price is testing the previous ones near the 1.2500 major psychological level.  A break below this area could signify that further losses are in the cards for the pair and that selling pressure has...

USD The US dollar gave back some of its recent gains even though the US GDP reading was stronger than expected.  The economy grew 3.5% in Q3, better than the estimated 3.1% growth figure but weaker compared to the previous 4.6% expansion. Components...

GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more.  Price bounced off the 1.5950 minor psychological support level and may be headed for the top of the range. The resistance...

USD The US dollar made strong rallies after the FOMC statement, as the committee sounded more hawkish compared to their previous month’s announcement.  Fed officials acknowledged the strong improvements in the labor sector, changing their wording t...

CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range.  Resistance at the 97.50-98.00 area might hold and push the pair back to the bottom of the channel. Stochastic is already in the oversold area, which...

 USD The US dollar gave up ground to most of its major counterparts, with the exception of the Japanese yen, in yesterday’s trading sessions.  Durable goods orders data came in below expectations, with the headline figure showing a 1.3% d...

The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00.  The pair is climbing past the 138.00 handle and may have a couple hundred more pips...