USD After the strong forex moves last week, profit-taking was seen on Friday as the US dollar gave back some of its recent gains.  Data from the US was also weaker than expected, as the flash manufacturing PMI fell from 53.9 to 53.7 instead of...

USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame. The pair made a couple of failed attempts to break past the 118.75 area and found support at the 117.50 minor psychological level, which i...

USD The US dollar resumed its rally to most of its forex counterparts, as the EURUSD tumble carried on to other pairs.  Data from the US was weaker than expected, with the initial jobless claims showing a larger than expected 307K reading versus...

USDJPY is moving inside a descending triangle pattern on its 4-hour time frame, as price made lower highs and found support at the 116.00 major psychological level.  The pair is currently testing the triangle resistance for now and may be due for...

USD The US dollar had a mixed performance, as it gave up ground to the euro, franc and yen but rallied against the commodity currencies. Data from the US has also been mixed, with building permits showing a lower than expected 1.03M reading and housing...

AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level.  The pair is currently testing support for now and may be due...

USD The US dollar moved mostly sideways in recent trading, although it managed to regain ground against the commodity currencies. There have been no major reports released from the US economy then, leaving the Greenback to act as a counter currency....

EURNZD has been trading in a downtrend and is currently testing the descending trend line on its 4-hour forex chart.  The falling resistance level might hold for now, as stochastic is indicating overbought conditions and is showing a bearish divergence....

USD Not even the lack of top-tier data or the lower liquidity during the Martin Luther King holiday was enough to stop the Greenback from moving around the charts, as traders started positioning ahead of the major events this week.  There are still...

Last week’s SNB decision to remove the franc peg resulted to a massive rally for the Swiss currency and a 2000-pip selloff for EURCHF.  According to SNB Chairman Thomas Jordan, this decision was made in anticipation of actual quantitative easing f...