USD The US reported a strong NFP reading for December, as the economy added 252K jobs versus the estimated 241K gain.  Apart from that, the November reading was upgraded from an initially reported 321K increase to 353K, bringing the jobless rate...

GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level.  Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that the 61.8% Fibonacci...

USD The US dollar continued to advance against the European currencies while showing more weakness to the commodity currencies as traders position themselves ahead of today’s NFP release.  The initial jobless claims report came in line with expectations o...

AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame. As you can see from the chart, the pai...

USD The US dollar had a mixed performance following the release of the FOMC minutes, although the safe-haven currency generally ended stronger.  The minutes showed that the US central bank is in no rush to tighten monetary policy but is pleased...

AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame.  A double bottom formation can be seen after the pair failed in its past two attempts to break below the .8050 minor psychological support l...

USD The US dollar gained support from risk aversion once more, allowing it to advance against the pound and euro.  Data from the US was actually weaker than expected, as the ISM non-manufacturing PMI fell from 59.3 to 56.2, reflecting a slower...

EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on.  Price could head back to the top of the range near the .8050 minor psychological resistance. Stochastic just...

USD The US dollar continued to stay supported against most of its major counterparts, although some of its gains were limited in recent trading.  The lack of top-tier data from the US economy forced the currency to return some of its wins, particularly...

AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame.  The pair previously bounced off its lows and is showing signs of a pullback to the trend line....