EUR/USD is inside another consolidation pattern on its 1-hour time frame and, based on previous price action, this could mean another upside break. Take note though that stochastic is already in the overbought region, which means that euro bulls are...

USD The US dollar lost a lot of ground thanks to the weaker than expected NFP reading of 148K for September.  This marks the third consecutive month that the jobs report has missed expectations, although the jobless rate improved from 7.3% to 7.2%....

AUD/CAD’s rallies seem to be exhausted already as the pair is in the process of testing the resistance at parity. This is in line with a former support level, which has held last year. Stochastic just reached the overbought zone but hasn’t crossed dow...

USD The US dollar was stuck in consolidation against most of its counterparts but managed to end higher against the pound and the yen.  Risk appetite was still up in yesterday’s trading but traders seemed a little more cautious as they unwound s...

NZD/USD seems to need more buying power before sustaining its recent rallies, and a quick retracement might be in the cards. The Fibonacci retracement tool on its 1-hour time frame shows that the 38.2% Fib is in line with the previous highs around the...

USD The US dollar was a sore loser on Friday as it continued to sell off against its major counterparts.  Risk appetite was still strong that day, after the US government ended its shutdown and avoided a default earlier in the week. As for data,...

EUR/USD has been on a tear after breaking past the 1.3600 major psychological level but it seems that a pullback could happen before the pair rallies any higher. On the 1-hour time frame, using the Fib tool on the latest swing low and high shows that...

USD The dollar gained a bit on the news that the Senate and Congress were able to pass the bill on extending the debt ceiling deadline but lost ground later on when risk appetite took over the markets.  It didn’t help the Greenback’s cause tha...

NZD/USD staged a very strong rally yesterday on the heels of the approval of the debt ceiling deadline extension and the end of the U.S. government shutdown. The pair found resistance around the .8500 mark and may need to retrace before heading any higher....

USD The US dollar regained ground against the major currencies as U.S. lawmakers passed a bill to raise the country’s debt ceiling and avoid defaulting on its loans.  This was enough to spark a brief relief rally for the dollar as traders expected t...