NZDUSD might be due for a strong bounce, as the pair is testing the bottom of the ascending trend channel on its daily time frame. Trade balance from New Zealand came in better than expected as it showed a smaller deficit and a considerable recovery...

USD   The Greenback dominated against most of its major forex counterparts, as it advanced to the comdolls but consolidated to the yen. Data from the US was weaker than expected yesterday as existing home sales fell short of expectations with its...

USDCAD appears to be forming a rising trend channel on its 1-hour forex chart, as the pair recently made higher lows and higher highs. Price just bounced from the 1.0950 minor psychological level, which lines up with the channel’s bottom, and might b...

USD The Greenback resumed its rally against most of its major counterparts on Friday, despite the lack of top-tier data from the US economy.  For today, only the existing home sales report is up for release and it might show a climb from 5.15M...

GBPJPY has been on a steady uptrend and may be due to resume its climb, as a bullish divergence has formed on its 1-hour time frame.  Stochastic made lower lows while price made higher lows, with the oscillator already starting to move out of the...

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 ...