GBPNZD is trending lower but has just pulled up to the channel resistance around the 1.7750 minor psychological mark. If this area keeps gains in check, the pair could head back down to support at the 1.7200 handle.  The 100 SMA is below the longer-term...

USD The US dollar took a huge hit after economic reports turned out weaker than expected. Headline retail sales fell 0.3% instead of posting the projected 0.1% uptick while the core reading also showed a 0.3% drop. Headline CPI is down 0.1% versus expectations...

EURCAD recently broke below a rising wedge formation visible on its 4-hour time frame, signaling that bearish pressure has returned. Price dipped to the 1.4800 area before showing signs of a pullback.  Applying the Fibonacci retracement tool on...

USD The dollar was able to hold its ground as traders are pricing in a relatively upbeat FOMC statement.  A rate hike of 0.25% is widely expected but the Fed might hint that they could slow down their pace of tightening later this year. Also, the...

GBPJPY just bounced off its channel support again and could be gearing up for a correction to the resistance at the 141.50 minor psychological mark. If this keeps gains in check, the selloff could resume back to the swing low or to the channel support...

USD The dollar took in some losses against its rivals as the tech sector tumble on Wall Street dragged sentiment down. There were no major reports out of the US on Monday while today has the PPI and NFIB Small Business index. Headline PPI could stay...

EURGBP was previously trading inside a range with support around .8400 and resistance at .8800.  Just recently, the pair broke past the resistance to signal that buyers are taking hold. Price closed back below the resistance in a quick pullback...

USD The US dollar regained some ground against its peers as risk aversion kicked in after the UK elections. There were no major reports out of the US on Friday and only the Fed budget balance is due next. Dollar demand also got an extra boost after...

Guppy sold off sharply upon testing the channel resistance on its 4-hour time frame and is now hovering around support.  A bearish flag pattern can be seen so a continuation of the move could lead to a break below the channel support around 139.00....

USD The US dollar steadied throughout the day as traders didn't see any surprises from the Comey testimony.  Economic data was in line with estimates as the initial jobless claims reading came in at 245K, down from the earlier 255K figure. Only...