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....

GBPJPY has formed lower highs and lower lows, moving inside a descending channel on the 1-hour chart. Price is currently approaching the resistance at the 140.00 major psychological level and if this keeps gains in check, the pair could head back to...

USD The US dollar raked in another round of gains when the ADP non-farm employment change figure beat expectations with a 298K versus the projected 188K figure. The previous report was also upgraded, hinting that the NFP could also have the same outcome....

EURUSD is making its way to the bottom of its longer-term range at the 1.0500 major psychological level and might be due for a bounce. If so, price could make its way back up to the range resistance at the 1.0600 area or at least halfway until the 1.0550...

USD The US dollar held on to its recent gains, although the climb was slower.  The headline trade balance showed a wider than expected deficit but components of the report indicated that both exports and imports picked up during the month. The...