The US dollar rallied again against the Canadian dollar on Wednesday, testing the 1.27 level, pulling back, and then breaking through again. To me, looks as if this market is ready to continue rising, and the dips...
The British pound continues to dance around the 1.30 level, as the market seems to be accumulating. I don’t know if we can break out to the upside, but this is an area where we need to...
The EUR/USD pair has gone sideways during the session on Wednesday as we continue to consolidate just above the 1.17 handle. If we can break above the 1.1765 handle, I think that the market will continue to...
The Australian dollar initially trying to break down during the day on Wednesday, but we did get a bit of a bounce. However, that bounce was somewhat short-lived as fears arise over tensions from the Korean Peninsula....
USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2721. Near term support is at the rising trend line on its 4-hour chart. As long as the trend line support holds, the uptrend could be...
USDJPY’s downside movement extended to as low as 109.55. Further decline it still possible and next target would be at 109.00 area. Resistance is at the top trend line of the price channel on its 4-hour chart,...
AUDUSD stays in a bearish trend line on its 4-hour chart and remains in the downtrend from 0.8065. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD’s fall from 1.3267 extended to as low as 1.2952. Deeper decline to test 1.2932 support is possible, a breakdown below this level could take price into 1.2850 zone. Near term resistance is at 1.3060, only move...
EURUSD is now in the downtrend from 1.1909. Further decline could be expected after a minor consolidation and next target would be at the bottom support trend line of the price channel on its daily chart, now...
NZDJPY has been trending lower on its short-term time frames after recently bouncing off a long-term ceiling. Price is forming a descending trend line and a correction is underway. Applying the Fib retracement tool on the latest...
