EURAUD could be due for a downtrend as a head and shoulders pattern has formed on its 4-hour chart.  Price has yet to break below the neckline at 1.5900 to confirm the potential drop.  The 100 SMA is above the longer-term 200 SMA to signal...

USD The US dollar staged a strong rally when risk-off vibes returned on trade war jitters.  However it was still weaker compared to the Japanese yen. Data was mostly in line with expectations, although the flash services PMI missed the consensus....

GBPUSD has been trending higher on its short-term time frames inside an ascending channel. Price has surged past the resistance to signal that a steeper climb is underway, but a pullback is currently taking place. Applying the Fibonacci retracement tool...

USD The US dollar started sliding ahead of the FOMC statement and, save for a brief spike higher, resumed its drop until the end of the session. Although the Fed hiked interest rates by 0.25% as expected in their latest policy statement, dollar bulls...

USDJPY is still inside its triangle consolidation pattern and is testing support at the 105.60 level.  A bounce from this area could lead to another test of resistance at 106.30 or a break higher. However, the 100 SMA is below the longer-term 200...

USD The US dollar is slightly higher against its counterparts as traders appear to be pricing in positive expectations for the FOMC decision. There were no reports out of the US economy yesterday. A rate hike of 0.25% is widely expected, so traders...

GBPUSD is trending higher on its 1-hour time frame and moving inside an ascending channel pattern.  Price is just bouncing off the top and might be due for a dip to the bottom around the 1.3970 level. The 100 SMA is above the longer-term 200 SMA...

USD The US dollar had a mixed round as there were no reports out on Monday and traders are pricing in expectations for the FOMC decision later this week. A 0.25% interest rate hike is widely expected and even more hawkish hints could lift the US currency....

USDCAD is still trending higher, moving above an ascending trend line visible on its 4-hour time frame.  Price is stalling around the 1.3100 handle and looks prime for a pullback to the uptrend line. Using the Fib tool on the latest swing low and...

USD The US dollar was on strong footing until the end of the week as data came in mostly upbeat and supportive of an interest rate hike this week. There are no major reports due from the US economy today so sentiment and expectations for the FOMC statement...