USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and the 38.2% retracement level could serve as resistance....

USD The US dollar gave up ground to its counterparts as equity indices closed around 1% lower for the day. Only the current account balance was released and this showed a smaller deficit of $112 billion USD. Existing home sales data is due today and...

GBPUSD has been moving back and forth between support at the 1.2100 major psychological level and resistance at 1.2700. Price just bounced off the floor recently and seems to be setting its sights on the top of the range again. Stochastic is on the move...

USD The dollar regained a bit of ground against its peers even though there were no major reports out of the US economy. Formerly dovish member Evans acknowledged that the economy is doing better and that three rate hikes are possible this year while...

EURAUD looks ready for a downtrend as the pair formed a head and shoulders pattern on its 1-hour time frame. Price has yet to break below the neckline at the 1.3900 area to confirm the potential selloff. The 100 SMA crossed below the longer-term 200...

USD The US dollar continued to retreat against most of its counterparts as traders kept booking profits off their recent long positions in reaction to a less hawkish than expected Fed announcement. There are no major reports due from the US economy...

USDJPY sold off after the FOMC decision as traders booked profits off the event. As a result, resistance at the 115.25 area held and price made its way back to the range support at 112.35. If this floor holds, another bounce back to resistance could...

USD The US dollar had a mixed performance as it reacted to country-specific events, particularly in the European region. Data came in mixed as well, with initial jobless claims, housing starts, and the Philly Fed index beating expectations while building...

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...