GBPJPY has been trending lower on its 1-hour time frame, moving below a descending trend line.  Price bounced off the 124.75 area and is pulling up to test the trend line once more. Applying the Fib tool on the latest swing high and low shows that...

USD   The Greenback pulled back from its rallies after medium-tier US reports disappointed.  Industrial production posted a bleak 0.1% uptick instead of the projected 0.3% gain for September while the August reading was downgraded to show...

NZDUSD has been trending higher on its daily time frame, moving inside an ascending channel and currently testing support.  Price seems to have bounced off the bottom of the channel and is headed back to the top at the .7650 minor psychological...

USD The US dollar regained ground against its peers on Friday when retail sales and PPI reports came in the green.  Headline retail sales increased 0.6% as expected while core retail sales posted a 0.5% gain versus the projected 0.4% increase....

EURAUD broke below support at the 1.4550 minor psychological level then dipped to the 1.4400 area before pulling up. Using the Fib tool on the latest swing high and lows shows that the 61.8% retracement level coincides with the broken range support,...

USD The US dollar returned some of its recent gains as traders booked profits off their positions on a pickup in risk appetite.  Data from the US, namely initial jobless claims and import prices, turned out upbeat. US retail sales and PPI numbers...

EURUSD recently broke below its descending triangle support at 1.1130 and has dipped to a low of 1.0988 before showing signs of a pullback.  Applying the Fib tool on the latest swing high and low shows that the 61.8% Fibonacci retracement level...

USD The US dollar sold off then recovered during the release of the FOMC minutes, as the transcript still contained some degree of caution from policymakers.  Still, most committee members acknowledged that the September decision was a close call...

EURJPY is trending lower on its 4-hour time frame, moving inside a descending channel formation. Price is currently testing the resistance around 116.00 and might be due for a selloff back to support at the 111.00 major psychological level.  The...

USD The US dollar gave back some of its recent gains as traders probably booked profits ahead of the FOMC minutes release later today. Economic data from the US was weaker than expected but these were just low-tier reports such as the NFIB small business...