USD The US dollar gave up a bit of ground on Friday when risk sentiment picked up on the heels of a last-minute compromise between Greek officials and its EU creditors.  Data from the US economy was better than expected, as the flash manufacturing...

GBPJPY has been moving sideways recently, bouncing off support near the 182.00 major psychological level and heading towards resistance at the 184.00 major psychological mark.  If the top of the range continues to hold as resistance, GBPJPY could...

USD The US dollar regained a bit of ground in yesterday’s trading sessions, as risk aversion extended its stay in the markets.  Data from the US economy was mixed, as initial jobless claims came in better than expected while the Philly Fed index s...

USDCAD recently bounced off the bottom of the descending triangle on its 1-hour forex chart and is making its way to the top.  Price could test the resistance near the 1.2600 major psychological level and make its way back down. Stochastic is almost...

USD The US dollar had a sharp selloff after the minutes of the latest FOMC meeting were released.  As it turns out, the report was less hawkish than expected, as some policymakers expressed concerns about hiking rates too soon. The minutes also...

NZDUSD is moving inside a rising wedge pattern on its 1-hour forex chart and is currently testing the top of the range.  A bearish divergence can be seen, as price made higher highs while stochastic had lower highs, indicating that selling pressure...

USD The US dollar returned some of its recent gains as traders booked profits ahead of the Chinese New Year holidays.  Data from the US came in weaker than expected yesterday, with the Empire State manufacturing index falling from 10.0 to 7.8,...

EURUSD has been forming lower highs and higher lows, creating a triangle pattern on its 1-hour forex time frame.  At the moment, price is testing the top of the consolidation pattern and may be due for a move lower. Stochastic is heading down anyway,...

USD The US dollar regained ground when risk aversion returned to the financial markets after the Greek debt talks failed to produce a deal. There have been no reports released from the US then, as banks were on a President’s Day holiday. There are s...

EURGBP is moving inside a descending channel on its 1-hour time frame, indicating that the pair might be in for more losses.  At the moment, price is testing support at the mid-channel area of interest and may make its way down to the channel support....