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...

USD/CHF has been trending lower in the past few days but it seems to be having difficulty sustaining its decline past the .9100 major psychological support level.  With that, a pullback might be in the works, possibly until the falling trend line...

USD   The US dollar had a mixed performance yesterday as traders are trying to reestablish their biases on the US economy.  On the one hand, the Fed has refrained from tapering while some FOMC officials like Dudley reiterated that the economy...

AUD/USD seems to be having trouble sustaining its rallies, as a major correction might take place instead. The pair found resistance at .9500 and may pull back to an area of interest before resuming its rally. The .9200 major psychological support is...

USD   Just when it seemed the US dollar was in for another round of losses, FOMC member Bullard gave a testimony and started talking about the possibility of tapering in October.  This was enough to get dollar bulls riled up in anticipation...

USD/CHF is in a solid downtrend these days, as a falling trend line can be formed when connecting the highs of the price. The pair has broken below several key support levels but might be in for a pullback today. There are no reports due from Switzerland,...

USD   The dollar was sold off sharply after the FOMC statement but it was quick to recover some of its recent losses while holding steady against other major counterparts.  Economic data from the US was better than expected, with both Philly...