By Murray Gunn Multi-billionaire hedge fund manager Ray Dalio recently published a 7500-word call to reform American capitalism. Noting that the nation’s wealth gap is the “highest since the 1930s,” Dalio wrote that rather than distributing income...
USDCAD remains in the uptrend from 1.3068, the fall from 1.3520 is likely consolidation for the uptrend. As long as 1.3250 key support holds, the upside movement could be expected to resume and further rise to 1.3650...
USDJPY remains in the uptrend from 105.05. As long as the price is above the rising trend line on the daily chart, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to...
AUDUSD’s downside movement from 0.7205 extended to as low as 0.6984. Deeper decline is still possible and next target would be at 0.6900 area. Near term resistance is at 0.7070, a break of this level could trigger...
GBPUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.3381 had completed at 1.2865 already. Further rally could be expected and next target would be at 1.3381 resistance. Near...
EURUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.1570. As long as the price is below the trend line, the downside movement could be expected to continue and...
USDCAD broke above 1.3430 resistance, suggesting that the downside movement from 1.3520 had completed at 1.3376 already. Further rise to test 1.3520 resistance would likely be seen in the coming days, a break of this level would...
USDJPY broke below the price channel on the 4-hour chart, suggesting that the uptrend from 109.70 had completed at 112.40 already. Further decline could be expected and next target would be at 110.50 area. Resistance is at...
AUDUSD is facing 0.6988 support, a breakdown below this level could signal resumption of the downtrend from 0.7205, then further decline to 0.6900 area could be seen. Near term resistance is at 0.7015, a break of this...
GBPUSD is in the uptrend from 1.2865, the pullback from 1.3102 is likely consolidation for the uptrend. Range trading between 1.2950 and 1.3102 would likely be seen in a couple of days. As long as 1.2950 support...
