EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame.  Price is currently testing the top of the pattern, which might continue to hold as resistance.  If...

USD The US dollar was weighed down by weak data and dovish Fed rhetoric. US personal spending was flat in December even while personal income rose by 0.3%.  The core PCE price index also showed a flat reading instead of the estimated 0.1% increase....

EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame.  Price appears to be bouncing off support at the .7550 minor psychological mark and might be due for a...

USD The US dollar had a mixed performance as it advanced to the yen, euro, and pound but gave up ground to the commodity currencies.  The US advanced GDP reading was slightly weaker than expected at 0.7% versus the projected 0.8% growth figure...

GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame.  This suggests that the pair might be in for a downtrend, although a pullback to the broken support area might be in the...

USD The US dollar gave up more ground to its peers when US data came in mostly weaker than expected. Headline durable goods orders fell 4.4% while core durable goods orders dropped 1.2%. Pending home sales rose 0.1% only instead of showing the projected...

NZDUSD has formed higher lows and lower highs on its 1-hour time frame, creating a symmetrical triangle formation. Price is making its way towards the top of the triangle, possibly to test the resistance at the .6500 major psychological level. If this...

USD The US dollar had a volatile time during the FOMC statement, as the currency initially rallied but instantly gave back its gains. According to the Fed, they are monitoring the global financial and economic developments closely, removing the reference...

NZDUSD could be in for more declines, as a double top pattern can be seen on its 1-hour time frame. Price failed in its last two attempts to break past the .6550 minor psychological mark and is currently testing the neckline around .6440. A break below...

USD The US dollar gave up ground when risk appetite picked up during the latter trading sessions once more, as oil prices made a strong rebound. Data from the US economy came in mixed, with the CB consumer confidence improving and beating expectations....