USDJPY is stalling at an area of interest, which lines up with the 108.00 major psychological resistance level.  This also coincides with the 200 SMA and the 61.8% Fibonacci retracement on the latest swing high and low of the 4-hour chart. Stochastic...

USD The US dollar continued to assert its dominance in the forex market, as risk aversion stayed in the markets.  Data from the US economy came in mixed, with the core CPI coming in short of expectations with a 0.1% uptick instead of the projected...

NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break.  Stochastic is indicating oversold conditions with a bullish divergence, suggesting that a bounce...

USD   The US dollar was able to bounce back against most of its forex counterparts in recent trading sessions, as US existing home sales printed stronger than expected results and risk aversion started to creep back in the markets.  Existing...

A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame.  Price has found resistance at the .9950 mark and is finding support at the neckline around .9850. A break below this support...

USD The US dollar lost ground to majority of its forexcounterparts as risk appetite appeared to improve at the start of the week.  There have been no major reports released from the US, although a couple of FOMC members gave testimonies. There...

EURJPY has pulled up from its continuous dive in the past month and appears to be making a quick correction.  For now, it is stalling at the 38.2% Fibonacci level, which is aligned with a former support zone and the 136.50 minor psychological resistance....

USD The US dollar was unable to regain strength in recent trading, despite better than expected data from the US economy.  The initial jobless claims showed a  264K reading, lower than the estimated 286K figure and indicative of more improvements...

USD The US dollar had a pretty good run on Friday as it made a small recovery to its forex counterparts. Profit-taking off the short trades took place and it remains to be seen whether the recovery would take hold or not. Data from the US was in line...

EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.  Price is making its way to the channel support near the 1.2750 minor psychological level, which might continue to hold as a floor....