EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame.  Weak euro zone inflation data sparked a round of euro selling in yesterday’s London session, b...

USD The US dollar seemed to have trouble extending its gains in the latter trading sessions, as traders started to book profits off their long positions at the end of this month and quarter.  Data from the US has been mostly in line with expectations,...

USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement.  Price appears to have pulled back to the 38.2% Fibonacci retracement level on the 1-hour forex time frame....

USD The US dollar continued to advance against most of its major counterparts, as data from the US economy came in line with expectations. The final GDP reading was revised from 4.2% to 4.6%, reflecting stronger growth in the previous quarter. Consumer...

EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until the 61.8% Fibonacci retracement...

USD   The US dollar had another mixed performance, as it gave up ground to the euro and yen but rallied to the commodity currencies. Data from the US was mostly in line with expectations, as the core durable goods orders report showed a 0.7% gain...

EURUSD has been trending lower and has recently made another strong break below support at the 1.2800 major psychological level.  Price dipped to the 1.2700 mark before making a quick bounce and starting a potential retracement. Using the Fibonacci...

USD The US dollar regained ground to most of its counterparts as risk aversion continued to dominate financial trading. Data from the US was stronger than expected as new home sales climbed from an upgraded 427K to 504K, outpacing the consensus at 432K....

USDCAD is moving inside a rising channel on its 1-hour time frame, indicating that the uptrend is getting stronger.  However, price has just encountered resistance at the top of the channel and may be due south. The channel resistance lines up with...

USD The US dollar regained ground against most of its major counterparts, although it did have trouble extending its wins to the Japanese yen.  Risk aversion from geopolitical tension appear to be favoring the lower-yielding dollar for now, as...