GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower.  Price had dipped close to the 2.0400 major psychological support before showing signs of a retracement. Using the Fib...

USD   The US dollar had a pretty quiet trading day since there were no major reports released and traders were off on a holiday.  For today, there are still no major reports lined up, which suggests that the US currency could take its cue...

GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame.  Top-tier events from the UK economy this week could determine which direction this pair might break out. As for technical...

USD US economic data came in mixed last Friday, although the numbers were mostly weaker than expected.  Headline retail sales fell by 0.1% as expected while core retail sales dropped by 0.1%. The headline PPI showed a 0.2% dip in producer prices...

AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000.  Price dipped to the .6800 levels before showing signs of a potential pullback to the broken support and Fibonacci retracement...

USD The US dollar had a generally stronger performance throughout the day, especially after US equities kicked off the session with a strong start. Data from the US economy came in mixed, as import prices showed a smaller than expected 1.2% drop while...

EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play. Zooming in to the 1-hour time frame shows that price is moving inside an ascending channel and is currently testing support. A bounce off this...

USD The US dollar had a mixed performance, as it resumed its rally against the commodity currencies but gave up ground to the euro and franc. Fed official Evans reiterated that tightening should proceed at a gradual pace while the Beige Book noted that...

USDJPY could be in for a long-term selloff, as the pair has formed a complex head and shoulders pattern on its daily time frame. Price is still hovering around the neckline around 117.50-118.00, with a downside break likely to confirm that further losses...

USD The US dollar had a mixed performance lately, as the lack of top-tier catalysts left it functioning as a counter currency instead of driving any directional moves. According to FOMC member Fischer, the US central bank stands ready to make adjustments...