GBPAUD has formed lower highs and higher lows on its daily time frame, creating a symmetrical triangle formation on the long-term chart.  Price just bounced off the triangle resistance and could be due for another test of support. Stochastic is...

USD The US dollar failed to benefit from stronger than expected data as bulls seemed disappointed by the lack of hawkishness in the Fed statement. The FOMC kept rates on hold as expected and acknowledged that consumer and business sentiment have improved....

EURUSD continues to trend higher, moving inside an ascending channel on its 1-hour chart. Price just bounced off the resistance at 1.0800 and might be due for a test of support at 1.0700. The 100 SMA Is below the 200 SMA so the path of least resistance...

USD The US dollar tumbled against its counterparts when President Trump called out China and Japan for currency devaluation tactics. For some, this was also a form of jawboning for the dollar. To top it off, economic data came in mostly in the red,...

The bottom of the long-term range on EURAUD seems to be holding as a floor, with a small double bottom formation materializing. Price is testing the neckline at the 1.4300 major psychological level and a break past this resistance could send the pair...

USD The US dollar had a volatile run but was unable to establish a clear direction while equities closed in the red. Data came in mixed, with personal spending beating expectations with its 0.5% gain versus the 0.4% consensus even as personal income...

GBPJPY recently broke past a descending trend line visible on its 4-hour time frame and is showing signs of a pullback. Applying the Fib tool on the latest swing high and low shows that the 50% retracement level lines up with the broken resistance, which...

USD The dollar managed to regain ground towards the end of the week despite weaker than expected Q4 GDP data.  The economy grew by 1.9% in the period, slower than the estimated 2.1% growth figure and the earlier 3.5% expansion. UoM consumer sentiment...

USDJPY has been trading sideways recently, bouncing off support at the 112.65 level and resistance at 115.30.  Price recently made a test of resistance and seems to be heading back to the bottom of its range again.  The 100 SMA is below the...

USD The US dollar regained a bit of ground against its peers as traders seem to be buying into Trump's protectionist plans. A list of infrastructure priority projects has been compiled and equities seem to be cheering the prospect of fiscal stimulus,...