A falling trend line can be seen connecting the highs of the price on AUD/USD’s 1-hour time frame, reflecting the ongoing downtrend for the pair. It has just bounced off the .9300 major psychological level and appears ready to test the trend line. R...

USD The US dollar had a mixed performance in yesterday’s trading as it lost a bit of ground to the euro but made headway against the pound and the yen.  There were no major reports released from the US economy then but the return of traders from t...

Despite the recent ECB interest rate cut, EUR/JPY has still managed to rally in the past few days. The pair has already climbed up to the 61.8% Fibonacci retracement level on the latest swing high and low on the 4-hour time frame, and this area could...

USD Despite the thinner trading conditions during the US holiday, the dollar was still able to stay supported from last week’s strong NFP release. EUR/USD retraced to the 1.3400 handle and consolidated there while USD/JPY pushed for more gains. There’s sti...

NZD/USD seems to have completed the head and shoulders formation on the 4-hour time frame, pending a break below the neckline around .8225. The pattern is roughly 300 pips in height, which suggests that the resulting breakdown could be of the same height....

USD The US dollar was able to pack in plenty of gains on Friday when the October NFP release came in much better than expected.  . The actual figure showed a 204,000 rise in net hiring instead of falling to 120,000 because of the government shutdown....

After months of consolidation, USD/JPY finally seems ready to break out of its symmetrical triangle. As you can see on the pair’s daily chart, a long green candlestick has already closed above the triangle resistance, hinting that an uptrend is in the w...

USD The US dollar had a topsy-turvy trading day, as it gained ground when the US advanced GDP reading came in better than expected at 2.8% versus the estimate at 2.0% and the previous 2.5% reading.  However, traders got hold of the underlying figures...

Thanks to the better than expected headline GDP figure released yesterday, USD/CHF surged up to the .9200 major psychological level which was in line with the 50% Fibonacci retracement level and the falling trend line on the 4-hour time frame. Stochastic...

USD The US dollar was mostly stuck in consolidation against its major currency counterparts since there were no top-tier reports released from the US economy.   Challenger job cuts data showed a 4.2% decline for October, better than the previous...