GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher. The pair could retrace to the 50% Fibonacci retracement level on the 1-hour time frame, as it is in...

USD The U.S. dollar experienced heavy selling pressure in yesterday’s trading, as the U.S. economy is currently facing a possible government shutdown.  For now, lawmakers still haven’t come up with an agreement on how to implement spending cut...

USD/JPY has been trading inside a rising channel for quite some time but the range broke earlier this week. This suggests that a downtrend might be in the works, possibly after a quick retest of the broken support. On the 4-hour time frame, stochastic...

USD The US dollar lost ground on Friday, mostly because of the weak economic data and the prospect of a government shutdown. Lawmakers only have a few hours left to come up with a plan to avoid default, and it appears that Republicans and Democrats still...

USD/CHF just broke below the key .9100 handle on Friday’s dollar weakness, but the pair might be due for a quick pullback before heading any lower. The 1-hour chart shows that the former support at .9100 lines up with the 61.8% Fibonacci retracement l...

USD The US dollar lost some ground to most of its major counterparts yesterday, as bleak economic data convinced traders that a taper is not likely for this year.  The US GDP reading was held steady at 2.5% for the second quarter instead of being...

USD/JPY has been climbing slowly inside a rising channel on its 4-hour time frame, and is currently testing the bottom. In addition, price has formed a bullish divergence with higher lows while stochastic made lower lows, suggesting a continuation of...

USD The US dollar let go of its recent gains to the dollar, yen, and euro as data from the US economy wasn’t as strong as expected.  Core durable goods orders turned out to be a disappointment with a 0.1% decline for August while the headline f...

NZD/USD has retreated from its recent rallies, as bulls are unable to take the pair significantly past the .8400 major psychological resistance. Since then, the pair has sold off to the .8250 minor support but could be in for more losses, as it approaches...

USD   The US dollar’s rally gained traction yesterday, even though there weren’t exactly a lot of major reports on tap. In fact, US reports actually came in below consensus yesterday, as the Richmond manufacturing index slipped from 14 to 0 ins...