USD The US dollar had a topsy turvy trading day as data and events showed mixed results. The advanced GDP reading for the first quarter of 2014 turned out to be a disappointment as the economy clocked in a mere 0.1% growth figure, down from the previous...

AUD/CAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support. The pair could now find resistance at the 38.2% to 50% Fib levels, which are close to the 1.0200 major...

USD The US dollar saw a bit more volatility in recent trading as it edged lower to the Canadian dollar but rebounded to the Japanese yen. Data from the US was weaker than expected, as the CB consumer confidence figure failed to meet expectations and...

EUR/NZD has been in a massive selling spree over the past couple of trading days, pushing the pair all the way down by at least 150 pips. Using the Fibonacci retracement tool on the 1-hour time frame though shows that the 61.8% Fib level has already been...

USD The US dollar was still stuck in consolidation to most of its major forex counterparts, as traders are awaiting the release of the top-tier data later on this week. US pending home sales were stronger than expected as it showed a 3.4% increase versus...

A double bottom pattern can clearly be seen on the daily chart of AUD/NZD, indicating that the recent downtrend is coming to an end. The neckline of the formation is around the 1.0900 to 1.0930 levels, although stochastic is indicating that buying pressure...

USD Dollar pairs were mostly in consolidation last Friday, as data from the US economy came in mixed. The UoM consumer sentiment figure for April was revised higher to reflect more optimism in the economy while the flash services PMI for the same month...

AUD/USD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher. In the 4-hour chart, the Fibonacci retracement tool shows that the pullback could take place until...

USD The US economy released mixed economic reports in yesterday’s New York trading session, printing stronger than expected durable goods orders figures while showing a weak initial jobless claims reading. Headline durable goods orders increased b...

CAD/JPY is in a short-term uptrend, as seen on the channel connecting the highs and lows of price action on the 1-hour time frame. In fact, the pair just came off a test of the channel support and bounced but it is finding resistance at the 93.00 major...