USD The US dollar recovered ground against most of its major counterparts, despite mixed data from the US economy.  The Greenback was able to advance to the commodity currencies and the yen, while giving up some ground to the euro and the pound....

USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near the 1.0950 minor psychological support...

USD The US dollar got a strong boost from the FOMC statement, as the Fed shared some details on their exit strategy plans. As expected, the US central bank pushed through with its $10 billion monthly reduction in asset purchases and is likely to end...

An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame.  However, stochastic has just reached the overbought area and is heading lower after price tested the 2.0100 major...

USD The US dollar was unable to advance against most of its forex counterparts in yesterday’s trading sessions, as traders eased off their long positions ahead of today’s FOMC statement.  While the Fed is expected to carry on with its taper of ...

GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest.  The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a former resistance zone. GBPUSD is taking...

USD The US dollar returned some of its recent wins, as traders continued to reduce their dollar exposure ahead of this week’s FOMC statement. Data from the US came in mixed, with the Empire State manufacturing index showing a stronger than expected j...

AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and could pull up to the .9100 mark before heading...

USD The US dollar regained ground to most of its major counterparts, as traders started positioning ahead of this week’s FOMC statement.  Data from the US economy came in stronger than expected, with headline retail sales marking a 0.6% gain a...

GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that selling pressure is exhausted. A rally...