USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising channel on its 4-hour...

USD The US dollar took a breather from its latest declines, as traders booked profits off key levels last week. Data from the US economy came in mostly in line with expectations, as personal spending and income rose by 0.3% while the University of Michigan...

On its daily time frame, USD/CHF has retraced to an area of interest around the .8900 major psychological level. This area served as support in the past and might hold as resistance moving forward. Stochastic is already indicating overbought conditions...

USD The US dollar continued to bleed to the pound and the commodity currencies, as data from the US failed to give the currency any support. . Data came in mixed, with pending home sales printing a weaker than expected figure. The report showed a 0.8%...

After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off the 91.00 major psychological support....

USD The US dollar was unable to benefit from stronger than expected US economic data, as the lower-yielding currency still lost ground despite the 2.2% jump in headline durable goods orders. The core version of the report printed a 0.2% uptick, close...

GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame. This suggests that bulls are back in action and are ready to push the pair back to its...

USD The US dollar had a mixed performance to its counterparts, as it failed to draw strong support from economic data. The CB consumer confidence report churned out stronger than expected results, with the index climbing from 78.3 to 82.3 and surpassing...

USD/CAD recently broke above a triangle pattern on its 4-hour time frame, suggesting that the uptrend is ready to resume. This breakout was sparked by comments from BOC Governor Poloz, suggesting that a rate cut might be in the cards. After its rally...

USD The US dollar gave up some ground to its major counterparts in recent trading, pushing EUR/USD back above the 1.3800 mark. Data from the US was weaker than expected, as the flash manufacturing PMI slipped from 57.1 to 55.5 instead of just falling...