USDCAD moved sideways in a trading range between 1.2413 and 1.2778. Support is at 1.2413, a breakdown below this level will signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by...
USDJPY’s downside movement extended to as low as 108.60. Further decline to test 108.13 is still possible, a breakdown below this level could take price to 105.00 area. Resistance is now at 110.94, only a break of...
AUDUSD failed to break below the support of the bullish trend line on the daily chart and rebounded strongly from 0.7807, suggesting that the pair remains in the uptrend from 0.7328. As long as the price is...
GBPUSD broke below the bullish support trend line on its daily chart. Further decline to test 1.2589 key support is possible over the next several days. As long as this level holds, the fall from 1.3267 could...
EURUSD’s pullback from 1.1909 extended to as low as 1.1662. Deeper decline towards the bottom support trend line of the price channel on its daily chart is still possible in the coming days. However, as long as...
The USD/JPY pair broke down again on Friday, as we continue to see a bit of a “risk off” move in the currency markets. The Japanese yen being bought is interesting to me, because it shows that...
The USD/CAD pair fell significantly during the day, struggling to find any type of stability. We have made a fresh, new low, so therefore looks as if we are going to continue to sell off. I look...
The British pound initially rally against the US dollar on Friday, but then pulled back into continue to try to build a bit of a base in this general vicinity. I think that we will probably see...
The EUR/USD pair rallied slightly during the day, but Friday wasn’t exactly explosive. Currently, looks as if the market is trying to form a bit of a base at the 1.17 level, as the last couple of...
The AUD/USD pair rallied during the day on Friday, slicing through the 0.79 level. This is a very bullish sign, and I think now that will continue to go much higher, perhaps reaching towards the 0.80 level...
