The US dollar tried to rally a bit at the open on Monday, but rolled over again. I believe this market will continue to sell the rallies, as the Canadian interest rate differential with the United States...
The British pound fell a bit on Monday as traders came back to work. The market looks as if it is trying to come back to the break out level to find out more buyers. I believe...
The EUR/USD pair initially fell during the session on Monday, but bounced enough to turn things around and go looking towards the 1.15 handle. That level is a massive barrier, and if we can break above that...
The Australian dollar had a relatively choppy session on Monday, as we continue to hover near the 0.70 level. The break out on Friday was significant, so I think we are trying to build up enough momentum...
AUDUSD has been trending higher and is moving inside a bullish channel formation on its 4-hour chart. Price is bouncing off the resistance and could be due for a pullback from here. Stochastic is turning lower from...
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2627. Resistance is at 1.2770, as long as this level holds, further decline could be expected and next target would be at...
USDJPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...
AUDUSD remains in uptrend from 0.7571, the fall from 0.7838 is likely consolidation of the uptrend. Near term support is located at the bottom trend line of the price channel on its 4-hour chart. As long as...
GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000...
EURUSD is facing 1.1489 resistance, a break out of this level will signal resumption of the uptrend from 1.1118, then next target would be at 1.1600 area. Near term support is at 1.1370 and the key support...
