USD The US dollar was unable to advance against most of its forex counterparts in yesterday’s trading sessions, as traders eased off their long positions ahead of today’s FOMC statement.  While the Fed is expected to carry on with its taper of ...

GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest.  The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a former resistance zone. GBPUSD is taking...

USD The US dollar returned some of its recent wins, as traders continued to reduce their dollar exposure ahead of this week’s FOMC statement. Data from the US came in mixed, with the Empire State manufacturing index showing a stronger than expected j...

AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and could pull up to the .9100 mark before heading...

USD The US dollar regained ground to most of its major counterparts, as traders started positioning ahead of this week’s FOMC statement.  Data from the US economy came in stronger than expected, with headline retail sales marking a 0.6% gain a...

GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that selling pressure is exhausted. A rally...

USD The US dollar had a mixed performance, as it managed to extend its wins to the Japanese yen but gave up ground to the pound then consolidated to the euro. Data from the US economy was weaker than expected, as initial jobless claims showed a 315K...

CADJPY is on a short-term uptrend, as a rising trend line can be drawn to connect price lows since August on its 1-hour forex chart.  Price is currently testing this ascending support zone and may be due for another bounce to its previous highs...

USD   The US dollar returned some of its recent gains to its counterparts, as traders booked some profits off their positions. There were no major reports released from the US, as the medium-tier data such as wholesale inventories and crude oil...

NZDJPY has been moving in a steady uptrend inside a tight ascending channel on its 4-hour chart.  Price is currently testing the channel support near the 87.50 minor psychological level while stochastic is almost in the oversold area. Buyers could...