GBPJPY is still trending higher, moving above a rising trend line on its 1-hour chart and getting ready for another test of support.  The trend line coincides with a former resistance at the 146.00 to 146.50 levels, which might hold as support from...

USD The US dollar staged a strong rally after the Fed hiked interest rates and signaled room for three more tightening moves next year, an increase from their September forecast of just two hikes. Policymakers also upgraded growth and jobs forecasts...

AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing.  Applying the Fib tool on the breakdown move shows that the 50% level lines up with the broken wedge support at the .7450 minor psychological...

USD Dollar pairs were stuck in their ranges as traders are feeling anxious ahead of the FOMC statement. There are a number of ways Fed head Yellen and her group of policymakers could play this, although many are expecting them to combine the rate hike...

AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level. The 100 SMA is above the longer-term 200 SMA...

USD The US dollar was off to a weak start for the week on profit-taking ahead of the FOMC and a bit of improvement in risk appetite. The federal budget deficit was much wider than expected, also casting some doubts on how the new US presidency could...

USDJPY appears to be stalling from its recent rallies as price is approaching a long-term area of interest visible on the daily and weekly charts. Price previously broke below support at the 116.00 major psychological level, which might hold as resistance...

USD    The US dollar regained ground at the end of the week as traders reacted to upbeat data and priced in expectations for this week's FOMC statement.  Preliminary UoM consumer sentiment was up from 93.8 to 98.0 to reflect stronger optimism...

NZDUSD is trending higher on its 1-hour time frame, moving inside a rising channel connecting the latest highs and lows of price action.  Price is currently testing the channel support, which lines up with a former short-term resistance.  The...

USD The US dollar advanced against its peers once more as the ECB QE extension rendered US bonds more appealing against its rivals.  Initial jobless claims came in line with expectations at 258K. The preliminary UoM consumer sentiment index is...