The EUR/USD pair did very little during the day on Wednesday, as we continue to bang around the 1.16 level. I think that the 1.17 level above is essentially the “ceiling” in the market, as more than...
The AUD/USD pair rallied a bit during the day on Wednesday, but continues to struggle at the downtrend line that I have marked on the one-hour chart. I believe that this slight pullback could be the beginning...
NZDUSD has been trending lower since breaking below the neckline of a head and shoulders pattern. Price is also moving below a descending trend line connecting the highs since mid-September. A pullback to this trend line appears...
The US dollar rallied initially during the day against the Japanese yen on Tuesday, reaching towards the 114.30 level. However, we are pulling back slightly, as I record this. Overall, I believe that the market continues to...
The US dollar rallied significantly during the day on Tuesday, breaking above the 1.28 level in a surge higher. Crude oil markets now have to worry about a lack of demand according to OPEC, and that should...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.31 handle. This is an area that begins significant support, extending down to the psychologically important 1.30 handle. There is both horizontal...
The EUR/USD pair has drifted a bit lower during the day on Tuesday, as we continue the overall gentle downtrend. We have recently broken below the bottom of a head and shoulders pattern on the daily chart,...
The Australian dollar continues to fall, as Tuesday was yet another negative session. It looks as if we are heading towards the 0.76 level underneath, which should offer some psychological support. However, if we break down below...
USDCAD continues to trend higher and is moving above an ascending trend line connecting the lows on the 4-hour time frame. Price looks prime for another correction and the 50% level lines up with the trend line...
GBPJPY was previously trending higher inside an ascending channel before breaking below support to signal a reversal. Price bounced off the 148.75 level before showing signs of pulling back to the broken support. Applying the Fibonacci retracement...
