USDJPY has been moving sideways on its 4-hour time frame, finding support at the 118.50 minor psychological level and testing resistance at the 121.50 mark.  Stochastic is indicating overbought conditions, which suggests that the top of the range...

USD The US dollar had a mixed performance but was mostly in the green despite weak data.  Factory orders slumped by 1.0% in September, worse than the expected 0.8% fall, while the IBD/TIPP economic optimism index slipped from 47.3 to 45.5. For...

GBPUSD has been trending lower on its 4-hour and 1-hour charts, moving inside a descending channel pattern.  Price is currently testing the top of the range around the 1.5450 minor psychological level and might be due for a drop back to the bottom...

USD The US dollar struggled to hold on to its recent gains when the ISM manufacturing PMI was released.  The index fell from 50.2 to 50.1 in October, slightly higher than the projected 50.0 figure. However, the employment component indicated a...

USDJPY has been forming lower highs and testing support at the 120.50 minor psychological level, creating a descending triangle pattern visible on the short-term time frames.  Price is on its way up to test the resistance again and might make an...

USD The US dollar gave up ground on Friday since most economic figures came in weak.  The personal spending and income data indicated a mere 0.1% uptick instead of the projected 0.2% gain while the core PCE price index also logged in a 0.1% increase...

NZDCAD has recently broken above a long-term double bottom formation, indicating that an uptrend is underway.  Price is currently moving inside a rising channel on its 1-hour chart and is testing the support near the .8900 major psychological level....

USD The US dollar calmed down from its post-FOMC rallies as traders focused on other top-tier data. Besides, the US preliminary GDP reading came in below expectations at just 1.2% growth versus the projected 1.5% expansion. Pending home sales showed...

EURJPY recently broke below support at the 133.50 minor psychological mark then dipped to a low of 131.50 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low reveals that the 38.2% level lines up with the...

USD The US dollar enjoyed a strong rally after the FOMC announcement, as the central bank kept the door open for a rate hike in December. In addition, the Fed upgraded its assessment of business and household spending while sounding less concerned...