The USD/CAD pair rows initially during the day on Wednesday, testing the 1.26 handle. However, the crude oil inventory number came out, basically where we anticipated. Because of this, the market did not get much influence from...
The GBP/USD pair had a choppy session on Wednesday, initially tried to rally, but felt yet again. Ultimately, we have broken below the 1.28 level, which is a very bearish sign. I think that the 1.2850 level...
The EUR/USD pair initially was very quiet during the day on Wednesday, but then shot much higher as the overall attitude of the market remains bullish. The US dollar continues to be sold in general, so that’s...
The Australian dollar started out very soft during the day on Wednesday, breaking below the 0.79 handle. However, we turned around to show signs of life again, as the market continues to hover the 0.79 handle in...
AUDNZD has been trending higher but is recently testing a ceiling at the top of its ascending channel visible on the 4-hour time frame. Price could be due for a correction to the channel support and applying...
USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue...
USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is...
AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal...
GBPUSD moved below 1.2811 support and extended its downside movement to as low as 1.2779. Near term resistance is located at the top trend line of the price channel on the 4-hour chart. As long as the...
EURUSD continued its sideways movement in a trading range between 1.1662 and 1.1909. As long as 1.1662 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further...
