After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff.  The pair found support just around the .9050 to .9100 psychological levels and...

USD The US dollar had a mixed performance, as it gained against the yen and comdolls but lost ground to the pound. There were no reports released from the US yesterday since banks were on Thanksgiving holiday and there are also no major reports lined...

After months of consolidation inside a 300-pip range, GBP/USD finally made an upside breakout as it reached the 1.6350 minor psychological level recently. This could mean that more gains are in the cards, as the next resistance level is located around...

USD The US dollar gave up some gains on weak US data, as the durable goods orders figures were below expectations while the Chicago PMI printed a drop.  However, the dollar was able to recover against most of its major counterparts when initial...

AUD/JPY has just tested and bounced off the bottom of the range visible on the 1-hour and 4-hour time frames. It has shown enough momentum, perhaps enough to push it back to the top of the range around 94.20. However, stochastic has already reached the...

USD The US dollar gave up more gains yesterday when the US CB consumer confidence report printed weaker than expected results. The figure dipped from 72.4 to 70.4 instead of landing at the estimated 72.2 reading.  This shows that consumers are...

CAD/JPY has staged such a strong rally recently yet it seems to be reaching an exhaustion at the moment. In fact, a bearish divergence can be seen with price making higher highs and stochastic making lower highs this month. Aside from that, the pair...

USD The US dollar gave up some of its recent gains to its major rivals when pending home sales came in weaker than expected. The report printed a 0.6% decline for October even when analysts were projecting a 2.2% rebound from the previous 4.6% decline. ...

Just last week, AUD/USD broke below the neckline of the head and shoulders pattern on the 4-hour time frame, indicating that a long-term downtrend might be in the cards. However, the pair looks prime for a retracement as sellers gather more energy. Stochastic...

USD The US dollar gave up some of its recent gains to its major counterparts on Friday when traders booked profits ahead of the weekend. Against the yen though, the dollar continued its ascent as USD/JPY is now approaching the 102.00 mark.  There...