USD The US dollar had a mixed performance, as it managed to extend its wins to the Japanese yen but gave up ground to the pound then consolidated to the euro. Data from the US economy was weaker than expected, as initial jobless claims showed a 315K...

CADJPY is on a short-term uptrend, as a rising trend line can be drawn to connect price lows since August on its 1-hour forex chart.  Price is currently testing this ascending support zone and may be due for another bounce to its previous highs...

USD   The US dollar returned some of its recent gains to its counterparts, as traders booked some profits off their positions. There were no major reports released from the US, as the medium-tier data such as wholesale inventories and crude oil...

NZDJPY has been moving in a steady uptrend inside a tight ascending channel on its 4-hour chart.  Price is currently testing the channel support near the 87.50 minor psychological level while stochastic is almost in the oversold area. Buyers could...

USD The US dollar returned some of its recent gains to the euro but continued to advance against the pound, yen, and commodity currencies. There have been no major reports from the US, allowing traders to take profits off their recent euro shorts and...

AUDJPY has recently broken the major resistance level at the 96.00 psychological handle a few weeks back and made a strong rally to the 98.75 area. However, price appears to be retreating as traders booked profits and sentiment appears to be turning...

USD The US dollar continued to advance against its forex counterparts as risk aversion hit the markets and favored the lower-yielding Greenback. There were no major reports released from the US yesterday, with only the consumer credit report on tap...

AUDUSD has been trading inside a rising channel on its 1-hour forex time frame for the past month, but it looks like a breakdown is happening. The pair is currently hovering around the channel bottom near the .9250 to .9300 psychological levels, with...

USD The US dollar had trouble sustaining its climb on Friday when the US NFP report came in weaker than expected. The economy added only 142K jobs in August versus the estimated 226K in hiring gains. Meanwhile, the jobless rate still managed to improve...

Reviewing the long-term price action of EURCAD indicates that the pair may be in the middle of a huge market correction, as the recent selloff is stalling at the 38.2% Fibonacci retracement level of the previous uptrend. At the same time, this retracement...