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...

NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near term despite remarks from Finance Minister English...

USD The US dollar let go of some of its recent gains on Friday as most traders booked profits off key levels. Data from the US was relatively light for the day, with a few FOMC officials supporting the positive outlook for the economy. Only the flash...

EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level. This could be indicative of more losses for the pair, but a quick retracement might take place before...

USD The US dollar extended its gains to most of its major counterparts when data from the US economy came in stronger than expected. The initial jobless claims report showed a 320K reading instead of the projected 327K figure while the Philly Fed index...

The short-term selloff on GBP/JPY may soon be over, as a classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame. A double bottom can be seen after the pair tested the support around 167.75 a couple of times then found resistance near 1...