USDJPY recently fell through support at the 112.00 major psychological level and looks ready for a pullback to this area of interest. Applying the Fib tool on the latest swing high and low shows that the 61.8% level is close to this broken support, which...

USD   The US dollar was dragged lower by downbeat PPI data, as both headline and core readings posted 0.1% declines instead of the estimated 0.2% gains. This could mean a weaker CPI for the same month, which would reinforce lower inflation expectations...

USDCAD recently broke through the floor around the 1.2650 minor psychological mark then fell to a low of 1.2362. Applying the Fib tool on its latest swing high and low shows that the 50% to 61.8% levels are close to the broken support, which might now...

USD   The dollar was in a bit of a weak spot due to reports that China plans on trimming its Treasury holdings. US equities also capped off their positive streak as fresh concerns on NAFTA emerged and medium-tier reports such as import prices and...

EURAUD has been trading in a descending channel pattern on its 4-hour time frame and has recently bounced off the resistance. Price is also breaching the middle of the channel to show enough downside momentum to reach the bottom.  The 100 SMA is...

USD   The dollar gave up ground as the yen advanced sharply in the earlier trading sessions, but the US currency was able to rebound as Treasuries hit record highs. Equities also continued their ascent in anticipation of a positive earnings season...

USDJPY is still trading inside its descending triangle pattern and has just bounced off the resistance previously highlighted. Price is now making its way back to support at the 112.00 major psychological level for another test.  The 100 SMA is...

USD   The dollar managed to rebound against most of its peers during the US session after a weak start earlier in the day. The S&P and Nasdaq continued their push for another round of record highs but the Dow closed in the red. FOMC members Bostic...

USDJPY has formed lower highs and found support at the 112.00 major psychological level, creating a descending triangle pattern on its 4-hour time frame. Price bounced off the bottom to make another test of resistance, which appears to be keeping gains...

USD   The dollar barely drew any support from upbeat leading jobs indicators. The Challenger job cuts report printed a 3.6% drop in layoffs, bringing the annual total of job cuts down to its lowest level since 1990. The ADP reading also beat expectations...