GBP/JPY has been moving inside a range for more than a couple of months already and it looks like the pair is gearing up for a test of resistance at the 173.00 major psychological handle. A strong selloff from this area could lead to a test of support...

USD The US non-farm payrolls figure came in close to expectations as it posted a 217,000 gain in hiring versus the estimated 214,000 increase. The previous month’s reading was revised slightly lower from 288,000 to 282,000 yet the jobless rate managed t...

USD/CHF has been trading inside a rising channel for nearly a month before the ECB rate decision last week triggered a sharp break lower. Since then price has made a decent correction close to the bottom of the channel. Stochastic is moving down from...

USD The US dollar had a mixed performance as it had a volatile day against the euro but managed to make some corrections in its movement against the rest of the major currencies. Perhaps the dollar was acting merely as a counter currency in the latest...

USD/JPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame. Stochastic bounced from the oversold zone but headed back down, indicating that there’s e...

USD The US dollar advanced against its major forex counterparts again when risk aversion popped back in the financial markets. Data from the US economy was mostly stronger than expected, with the ISM non-manufacturing PMI climbing from 55.2 to 56.3....

EUR/CAD might be in for a retest of the broken neckline and support at the 1.5000 major psychological level, with the ECB set to ease in today’s rate statement. Stochastic is already pointing down, which means that bears are in control at the moment. ...

USD The US dollar took a quick break from its strong rallies as risk appetite picked up in recent forex trading sessions. Data from the US economy was relatively better, as factory orders showed a 0.7% increase and saw an upward revision in the previous...

NZD/USD selloff might soon hit a floor, as the pair is approaching the .8400 major psychological support level. This is in line with a former resistance level and the 50% Fibonacci retracement. Stochastic has been indicating oversold conditions for quite...

USD The US dollar had a very strong start to the trading week, as it raked in gains against the euro, Loonie, and yen. The US ISM manufacturing PMI showed a decent improvement from 54.9 to 55.4, slightly lower than the consensus at 55.7 but still a positive...