USDJPY has been trading inside a long-term ascending triangle visible on its daily time frame.  Price is testing the triangle resistance near the 122.00 major psychological level right now and may be due for a bounce or a break. An upside break...

USD The US dollar regained ground before the end of the trading day on Friday, as Yellen’s speech reassured market watchers that the US economy is on track with its recovery.  Data from the US was also slightly better than expected, as the core C...

EURJPY could be in for a reversal from its uptrend, as price formed a head and shoulders pattern on its 4-hour time frame.  The pair is already testing the neckline support at the 134.00 major psychological mark and might be due for a break lower...

USD The US dollar had a mixed performance, as it functioned as a counter currency in recent sessions.  Data from the US economy came in weaker than expected once more, as the flash manufacturing PMI dipped from 54.1 to 53.8 while the Philly Fed...

EURNZD could be in for a huge reversal, as price formed a head and shoulders pattern on its 1-hour time frame.  The pair is testing the neckline support at the 1.5100 handle and may be due for a breakdown soon. For now, stochastic is indicating...

USD The US dollar barely reacted to the release of the FOMC meeting minutes, as the report didn’t contain anything new from the actual interest rate statement.  The report confirmed that a June interest rate hike is unlikely, although FOMC members d...

GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.  Price is currently testing the top of the formation at the moment and may be due for an upside...

USD   The US dollar regained a lot of ground to its forex counterparts, thanks to dovish remarks from European central bank officials.  This was enough to bring risk aversion back in the financial markets, lending support to the safe-haven...

GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest.  On its 4-hour chart, it can be seen that the long-term EMA has...

USD The US dollar regained some ground against its forex counterparts yesterday, as traders booked profits off key levels ahead of the FOMC minutes release tomorrow.  Data from the US has been weaker than expected, with the NAHB housing index falling...