The US dollar has rallied during the Tuesday session, reaching towards the 1.25 level, which of course is a large, round, psychologically significant number. That area of course will offer a bit of resistance, but it looks...
The British pound has initially tried to break above the 1.40 level but has pulled back from there is one would expect. After all, this is a market that has been very bullish as of late, so...
The EUR/USD pair has initially fallen during the day on Tuesday but found enough support near the 1.2225 level to turn around and show signs of life. If we can break above the 1.23 level, then the...
The Australian dollar has fallen a bit during the trading session on Monday, reaching down towards the 0.7950 level. I would anticipate some type of bounce on short-term charts, as we continue to consolidate below a major...
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the...
EURUSD continues to advance and positive updates from Germany’s coalition talks over the weekend could sustain the climb. However, price is hitting a roadblock at its short-term channel resistance and might need a correction before heading further...
The US dollar has pulled back a bit during the trading session on Thursday, reaching towards the 111 level. However, this is an area that has offered support and resistance in the past, so it doesn’t surprise...
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...
The British pound has rallied a bit during the Thursday trading session, reaching towards the 1.39 handle. Given enough time, I believe that the market goes looking towards the 1.40 level, which is the major target above....
The EUR/USD pair rallied a bit during the trading session on Thursday, but it looks as if it is rolling over, making a “lower highs.” That of course is a scenario in which sellers will continue to...
