AUD/USD has just come off a strong selloff and looks ready to make a pullback to the Fibonacci retracement levels marked on the 4-hour time frame. It seems that the right shoulder on the potential head and shoulders pattern is about to form if the Fib...

USD The US dollar extended its losses to its major counterparts in yesterday’s trading, despite the lack of data from the US economy.  Risk appetite was still strong, especially after China released the detailed set of economic and financial p...

EUR/GBP has sold off in the past few days but the daily time frame seems to suggest that a bounce is in the cards. The pair is currently testing the bottom of the descending channel right around the .8400 major psychological support level. Stochastic...

USD The US dollar weakened against most of its counterparts on Friday, as data from the US turned out below expectations.  The Empire State manufacturing index printed a surprise negative figure, as it slipped to -2.2 instead of rising to the estimate...

Last week’s anti-dollar sentiment and relatively upbeat data from the U.K. has triggered a bounce from the bottom of the descending support level on GBP/USD, yet a descending resistance level can also be seen. The pair is on its way to test the top o...

USD The US dollar’s reaction to Yellen’s confirmation speech was already priced in, as the text of the testimony was released a day ahead. Because of that, there were no wild moves among dollar pairs during the actual event, although it did see a qui...

EUR/AUD might be ready to resume its drop, as the pair is testing the top of a falling channel on its 4-hour time frame. Stochastic is pointing down from the overbought region, indicating that bears are ready to push the pair lower. Zooming back a little...

USD The US dollar was wiped out yesterday when the prepared text of Janet Yellen’s speech was released. The transcript revealed what many were expecting, that Yellen would likely keep stimulus in place until the economy is able to show a significant r...

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...