On its daily time frame, GBPJPY has formed lower highs and found support at the 176.00 major psychological level.  A descending triangle chart pattern appears to be forming, as the pair is currently testing the top of the formation. If this area...

USD The US dollar managed to make a bit of a recovery on Friday, despite weaker than expected data from the economy.  The ISM manufacturing PMI fell short of expectations when it held steady at 51.5 instead of improving to the estimated 52.1 reading....

AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level.  From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high and low...

USD The US dollar was finally able to make a bit of recovery against its forex counterparts, even though economic data came in mixed.  Initial jobless claims came in better than expected at 262K versus the estimated 290K figure while the quarterly...

GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line.  In addition, the long-term exponential moving average has been holding as a dynamic support area and another test seems to be...

USD   The US dollar had a volatile New York trading session, thanks to the mixed signals from the FOMC statement.  While policymakers dismissed the recent slump in hiring and spending as purely a result of temporary factors, they also downgraded...

CADJPY has been steadily climbing on its 1-hour forex chart, reflecting a short-term uptrend for the pair.  Price has been treading above the long-term exponential moving average on the same time frame while the short-term EMA is also moving higher,...

USD Dollar traders seem to be reducing their long positions ahead of the FOMC interest rate statement in today’s US session, as the currency gave up more ground to its forex counterparts.  It didn’t help that US data was weaker than expected, wit...

NZDUSD might be ready for another short-term selloff, as the pair is testing the rising wedge resistance on its 4-hour time frame.  At the same time, stochastic is indicating overbought conditions, which means that sellers might take control of...

USD The US dollar was pushed around in recent trading but still ended up mostly weaker to its forex counterparts.  There have been no reports released from the US economy then but it looks like the pickup in risk appetite due to the developments...