USD The US dollar was unable to regain strength in recent trading, despite better than expected data from the US economy.  The initial jobless claims showed a  264K reading, lower than the estimated 286K figure and indicative of more improvements...

USD The US dollar had a pretty good run on Friday as it made a small recovery to its forex counterparts. Profit-taking off the short trades took place and it remains to be seen whether the recovery would take hold or not. Data from the US was in line...

EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.  Price is making its way to the channel support near the 1.2750 minor psychological level, which might continue to hold as a floor....

USDCAD has formed a reversal pattern on its 1-hour time frame, suggesting that a downtrend might take place.  Price has yet to break below the neckline support at the 1.1250 minor psychological level before confirming the potential selloff. Stochastic...

USD The US dollar got sold off heavily in recent trading, as the US retail sales report came in weaker than expected.  The headline reading showed a 0.3% decline versus the projected 0.1% dip while the core version of the report showed a 0.2% drop...

USDCAD has recently broken past the 1.1200 major psychological resistance and zoomed close to the 1.1400 handle in the past weeks, before showing signs of a retracement. Price is now retreating back to the 1.1200 area, which lines up with the moving...

USD  The US dollar regained footing against the pound and the euro in recent trading, despite the lack of top-tier data from the US economy.  Risk sentiment provided support for the safe-haven currency, which is also starting to advance against...

EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame.  A double top formation can be seen, with price nearing the neckline around the 1.2600 major psychological support. Stochastic is indicating...

USD The US dollar gave back some of its recent gains again, as range-bound behavior seems to be influencing most forex pairs.  US banks were on holiday yesterday, which explains the lack of trending price action. Traders are expected to return...

AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.  A triple bottom can be seen, as price found support around the .8700 handle and is unable to head any lower for now....