EURAUD recently broke below its ascending channel on the 1-hour time frame and might be due for a pullback before heading further south. Applying the Fib tool on the latest swing high and low shows that the 61.8% level is closest to the broken support...

USD The Fed hiked interest rates by 0.25% as expected but the dollar sold off as traders booked profits and bulls seemed unimpressed by the lack in conviction. Still, Yellen said that it makes sense to keep hiking at a gradual pace as the economy continues...

Cable recently bounced off its long-term support at the 1.2100 major psychological mark and seems to be pulling up from its recent selloff. Applying the Fib tool on the latest swing high and low shows that the 50% level lines up with the descending trend...

USD The US dollar edged slightly higher against its peers as traders are pricing in expectations for a Fed rate hike in today's FOMC statement. Market watchers will also pay close attention to updated growth and inflation forecasts, as well as the tone...

EURJPY recently broke out of its descending channel pattern, signaling a reversal from the selloff. Price reached a high of 122.83 before showing signs of a pullback, and applying the Fib tool on the latest swing high and low shows that the 38.2% retracement...

USD The dollar is tossing and turning ahead of the FOMC statement this week and the lack of top-tier data yesterday kept price action subdued. US PPI figures are due today, with the headline reading expected to show a 0.1% uptick and the core figure...

EURAUD is starting to trend higher these days, moving inside a rising channel connecting the latest highs and lows of price action. Price is moving closer to support and a bounce could take it back up to the channel resistance at the 1.4250 minor psychological...

USD The US dollar was able to end the week strong as the NFP report printed a stronger than expected 235K increase versus the estimated 188K gain and the earlier month's reading, which was upgraded from 227K to 238K. The unemployment rate dipped from...

AUDUSD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price is currently pulling back to this trend line, which lines up with the 61.8% Fibonacci retracement level on...

USD The US dollar is treading carefully ahead of today's NFP release. Analysts are expecting to see a 188K gain, lower than the earlier 227K increase, but leading indicators such as the ADP non-farm employment change are hinting at an upside surprise....