AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that bulls are charging.  The...

USD The US dollar was off to a weak start as economic reports turned out below expectations.  Headline durable goods orders fell 1.1% versus the projected 0.5% dip while the core reading showed a 0.1% uptick instead of the estimated 0.4% gain....

USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels.  A bounce off this area could lead to a move back to the resistance at 1.0400 or at least until the mid-channel area of interest...

USD The dollar was able to rake in some gains against most of its counterparts, except against the Kiwi and Loonie. The US CB leading index came up short at 0.3% versus the 0.4% consensus while the earlier reading was downgraded to 0.2%. Flash manufacturing...

EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle.  The 100 SMA is below the longer-term...

USD The US dollar held its ground against its peers even as talks of balance sheet unwinding in September dampened rate hike hopes for the same month. According to Harker and Evans, this move is separate from their economic assessment but they could...

EURCAD recently sold off but seems to be finding support at an area of interest visible on its daily time frame. Applying the Fib tool on the latest swing high and low also shows that the 38.2% level lines up with support at the 1.4800 mark.  The...

USD The US dollar managed to hold on to its gains thanks to the return in risk aversion. A few other policymakers gave testimonies but none sounded as hawkish as Dudley. The US current account balance widened to $117 billion but this was smaller than...

Cable is sitting right on the ascending channel support visible on its daily time frame. A bounce could take it back up to the resistance at the 1.3250 minor psychological level while a break could spur a longer-term selloff.  The 100 SMA has just...

USD The US dollar got a strong boost from hawkish remarks by FOMC member William Dudley in his testimony. He affirmed US economic growth and how it has been well-distributed, citing that wage growth could pick up once productivity does. He also emphasized...