AUDJPY has been consolidating inside an ascending triangle for a while and is currently testing the bottom of the pattern.  A bounce off support might take place since stochastic is moving up from the oversold area and reflecting a pickup in buying...

USD The US dollar had a mixed performance as it functioned as a counter currency in recent trading sessions.  Traders are probably reducing their positions ahead of the release of the FOMC minutes today, which could provide more clues on when the...

EURJPY recently broke past the resistance at the 137.00 major psychological level then moved close to the 139.00 mark.  From there, the pair retreated to test the broken resistance near the 50% Fibonacci retracement level. Stochastic is already...

USD The US dollar regained a bit of ground in yesterday’s trading sessions, despite weaker than expected data from the economy.  The Empire State manufacturing index fell from 3.9 to -14.9 instead of rising to the projected 5.0 figure. Meanwhile, t...

EURNZD recently surged past the resistance around the 1.6800 major psychological level then zoomed up to a high of 1.7100.  From there, the pair made a pullback to the broken resistance, which lines up with the 38.2% Fibonacci retracement level...

USD The US dollar had a mixed performance on Friday, as traders reacted mostly to currency-specific data and booked profits ahead of the weekend US headline PPI came in better than expected with a 0.2% gain versus the expected 0.1% uptick while the...

NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome of the economic reports from New Zealand...

USD The US dollar regained ground in recent trading, as risk aversion seemed to set in the financial markets.  Commodity prices have been falling to multi-year lows, triggering flight to safety. US retail sales figures came in line with expectations...

GBPCAD is currently on a strong uptrend and has just pulled back to the rising trend line support visible on the 4-hour time frame.  The pair seems ready to bounce and resume the climb, as the 100 SMA and trend line are holding as support. The pair...

USD The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements.  Some analysts are speculating that this could weigh on Fed rate hike prospects if it results to a decline i...