GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame.  The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic is indicating oversold conditions,...

USD The US dollar regained a bit of ground on risk aversion after Greece defaulted on its loan to the IMF.  Data from the US came in mixed, with the Chicago PMI missing expectations and the CB consumer confidence index printing stronger than expected...

AUDUSD recently bounced off its long-term support at the .7600 major psychological level and could be ready to test the top of the range again.  Price is moving up towards the resistance at .7800, which might keep gains in check. The top of the...

USD The US dollar had a mixed performance, although it was generally weaker against most currencies at the end of the day.  The weekend gaps were mostly filled, as traders started to book profits ahead of event risks and a shortened trading week....

EURGBP recently broke below the .7100 key support level, indicating that sellers are ready to push the pair lower.  Price is pulling back to the broken support area which lines up with the 38.2% Fibonacci retracement level and might keep further...

USD The US dollar was off to a strong start this week, thanks to risk aversion stemming from the weekend events.  Greece was unable to come up with an agreement with its creditors during their weekend meetings while China announced another round...

EURUSD finally broke out of its triangle consolidation pattern visible on longer-term time frames, signaling that the pair is ready for more declines.  Price gapped down over the weekend and opened below the ascending triangle support. Stochastic...

USD The US dollar consolidated against most of its FX trading rivals in recent sessions, as data from the economy came in mixed. Personal spending came in better than expected with a 0.9% gain while the personal income figure fell short of expectations...

USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held. Price is now moving back to the bottom of the range near the 122.50 minor psychological support. Stochastic is starting to climb from the oversold area,...

USD The US dollar was able to advance against some of its counterparts yesterday but gave up most of its recent gains in today’s Asian trading session.  As expected, the US Q1 GDP was upgraded from -0.7% to -0.2%, reflecting a smaller contraction t...