USDJPY failed to break above 112.41 resistance and pulled back to 110.80 area, facing the 110.62 support. As long as 110.62 support holds, the fall could be treated as correction of the uptrend from 110.62 and another...
After a sideways consolidation, AUDUSD broke above 0.7989 resistance and continued its bullish movement from 0.7571, and the rise extended to as high as 0.8065. Further rise could be expected and next target would be at 0.8150...
After consolidation, GBPUSD continued its upside movement from 1.2589 and reached as high as 1.3156. Further rise is still possible and next target would be at 1.3200 area. Support is now at the rising trend line on...
EURUSD’s bullish movement extended to as high as 1.1776. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue...
The United States dollar initially fell against the Japanese yen but then turned around to show signs of strength later in the day. As we wait the FOMC meeting, the question now remains whether the Federal Reserve...
The USD/CAD pair went sideways initially during the course of the session on Wednesday, as the world awaited the FOMC statement. We are hovering just above the 1.25 handle, and that of course is a very important...
The GBP/USD pair initially went sideways during the session on Wednesday, but found the 1.30 level to be supportive enough to continue to push this market to the upside. I think that the market will eventually try...
The EUR/USD pair did very little initially during the day on Wednesday as we awaited the FOMC statement. Ultimately, the market looks as if it is stock in some type of consolidation between the 1.1625 level on...
The Australian dollar fell initially during the day on Wednesday, but found enough support at the 0.7880 region to turn around and bounce. As we await the FOMC minutes later in the day on Wednesday, I believe...
USDCAD continues to trend lower and is moving inside a descending channel visible on the 1-hour time frame. Price is currently testing support and could be due for a pullback to the resistance once more. Stochastic is...
