GBPJPY has previously been on an uptrend but it looks like bulls are tired from the climb.  A head and shoulders pattern can be seen forming on its 4-hour time frame, although the right shoulder is still being completed. Price seems to have found...

USD The US dollar had no trouble advancing against its peers even as US markets were still closed for the holiday.  Markets reopen today and the ISM manufacturing PMI is up for release. A climb from 53.2 to 53.7 is eyed and traders will pay special...

NZDUSD has been trending lower on its 4-hour time frame, moving inside a descending channel connecting its latest highs and lows. Price is currently testing the channel support and could be due for a pullback to the resistance, which lines up with the...

USD The US dollar gave up ground against most of its major counterparts early in the year as traders are probably bracing for some adjustments ahead of Trump's inauguration.  US banks are still closed for the holiday today so liquidity could be...

EURJPY has been trading sideways recently, finding support at the 121.70 area and resistance at 123.75.  Price just bounced off the resistance and is on its way towards support or at least until the middle of the range where the moving averages...

USD Price action for dollar pairs was still subdued even as US data disappointed.  Pending home sales slipped 2.5% instead of posting the projected 0.6% increase. Initial jobless claims, goods trade balance, and preliminary wholesale inventories...

EURCAD recently broke below the support around the 1.4350 minor psychological level and reached a low of 1.3800 before pulling back up.  Applying the Fib tool on the latest swing high and low shows that the 38.2% level lines up with the broken support,...

USD The US dollar advanced against most of its peers as risk aversion was in play and data from the US came in stronger than expected.  The CB consumer confidence index rose from an upgraded 109.4 reading to 113.7 versus the 108.9 consensus while...

USDCAD is still moving inside an ascending channel on its daily time frame but is closing in on the resistance around the 1.3600 major psychological mark.  If this area keeps gains in check, price could head back to the channel support.  Stochastic...

USD Since most markets were still closed for the holidays, dollar action was relatively subdued throughout Monday.  There were no major reports released and US equities squeezed out modest gains. Markets reopen today and the US will print its CB...