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,...

GBPUSD seems to be tired from its dive, as the pair formed a reversal pattern on its longer-term charts.  Price failed in its last two attempts to break below the 1.1975 area, creating a double bottom formation with the neckline at 1.2750. A break...

USD The US dollar failed to benefit from the strong rallies in equities, even as the Dow 30 index surged past the 20K mark.  Risk appetite appears to be returning and shoring up demand for higher-yielding currencies. Only the crude oil inventories...

EURUSD has been trending higher but slowly consolidating inside a rising wedge formation visible on the 1-hour and 4-hour charts. This signals that a breakout in either direction could take place soon as price is approaching the peak of its formation....

USD The US dollar regained some ground in recent trading as data came in mostly stronger than expected and the S&P 500 index reached record highs. The flash manufacturing PMI rose from 54.3 to 55.1, higher than the projected 54.6 figure, while the Richmond...