USD   The dollar barely reacted to Fed head Yellen's testimony since she merely repeated their statements during the FOMC decision and reiterated that inflation is running below the committee's long-run objective. FOMC members Harker and Kashkari...

EURNZD appears to be pulling up from its dive with the recent strong bounce, but this might represent a mere correction from the long-term slide. Applying the Fib tool on the latest swing high and low shows potential pullback areas.  In particular,...

USD   The US dollar had a mixed run at the start of the week as weaker than expected durable goods orders kept gains limited. Headline durable goods orders fell 1.1% versus the projected 0.5% drop while the core reading had a 0.1% uptick versus...

AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that bulls are charging.  The...

USD The US dollar was off to a weak start as economic reports turned out below expectations.  Headline durable goods orders fell 1.1% versus the projected 0.5% dip while the core reading showed a 0.1% uptick instead of the estimated 0.4% gain....

USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels.  A bounce off this area could lead to a move back to the resistance at 1.0400 or at least until the mid-channel area of interest...

USD The dollar was able to rake in some gains against most of its counterparts, except against the Kiwi and Loonie. The US CB leading index came up short at 0.3% versus the 0.4% consensus while the earlier reading was downgraded to 0.2%. Flash manufacturing...

EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle.  The 100 SMA is below the longer-term...

USD The US dollar held its ground against its peers even as talks of balance sheet unwinding in September dampened rate hike hopes for the same month. According to Harker and Evans, this move is separate from their economic assessment but they could...

EURCAD recently sold off but seems to be finding support at an area of interest visible on its daily time frame. Applying the Fib tool on the latest swing high and low also shows that the 38.2% level lines up with support at the 1.4800 mark.  The...