EURJPY moved below a major bullish trend line from 122.40 to 127.56 on its daily chart, suggesting that the upside movement from 114.85 had completed at 134.49 already. Further decline would likely be seen in the coming...
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The US dollar fell slightly against the Japanese yen, reaching down towards the 113.50 level. The market looks very well supported in this region, but I think that the market is going to continue to be very...
The US dollar continues to show signs of strength against the Canadian dollar, as we rallied slightly during the trading session on Monday. I believe that we will continue to go higher, but we are probably a...
The British pound rallied during the day on Monday, showing signs of strength yet again. We reached the 1.32 level above, which has a certain amount of psychological importance. However, I think there is much more resistance...
The EUR/USD pair rallied initially during the day on Monday, but found enough resistance to turn around and roll over. It looks as if the Euro is going to continue to fall, and if that’s the case...
The Australian dollar rallied a bit during the day on Monday initially, but then rolled over a bit later in the day. The market continues to find resistance near the 0.7750 level, extending to the 0.78 level....
USDCAD remains in the uptrend from 1.2450, the fall from 1.2916 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the 4-hour chart, followed by 1.2780. As long as the...
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 111.65 had completed at 114.45 already. Further decline could be expected in the coming days and next target would be at...
AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As...
