GBPJPY continues to trend higher but has bounced off the top of its long-term ascending channel visible on the 4-hour time frame.  Price could be gearing up for a pullback to support at the 151.50 minor psychological mark. Applying the Fibonacci...

USD The US dollar has been able to regain some ground recently thanks to strong medium-tier data and a pickup in bond yields on cooling geopolitical risks. Industrial production and capacity utilization beat expectations, as well as building permits...

USDJPY previously broke below support around the 109.00 major psychological level and has dipped to a low of 105.25 before pulling up. Applying the Fibonacci retracement tool on the swing high and low on the daily time frame shows that the 50% Fib lines...

USD The dollar barely reacted to upbeat retail sales data as traders remained doubtful about Fed tightening plans and worried about geopolitical risks. Headline retail sales rose 0.6% versus the 0.4% consensus while the core reading posted a 0.2% gain...

EURAUD recently broke below its head and shoulders neckline to confirm that a downtrend is underway.  Price is pulling up to this broken resistance for a retest, and holding as resistance could send the pair down to fresh lows. The 100 SMA is still...

USD The US currency was able to draw a bid in recent sessions thanks mostly to improving investor sentiment on cooling geopolitical risks from China and Syria. Still, it's worth noting that a source reported that the US is targeting eight zones in Syria....

EURUSD has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Price is approaching the peak of the formation so a breakout could be due soon. Note that the chart pattern spans 1.2150 to 1.2550 so the resulting...

USD The dollar drew some support during the release of the FOMC minutes, which turned out more hawkish than expected. Fed policymakers agreed that gradual rate hikes should be maintained as the economic outlook has improved in recent months and annual...

AUDUSD is trending lower on its 4-hour time frame and is currently on its way to the resistance. Applying the Fib retracement tool on the swing high and low shows that this lines up with the 50% correction level around .7800. The 100 SMA is below the...

USD The dollar drew some support to its lower-yielding rivals but caved to comdoll strength on signs of cooling tensions between China and the US. PPI figures beat expectations at 0.3% gains for both the core and headline figure, spurring positive expectations...