USDCNH Broke Above Key Resistance
USDCNH’s bullish movement from the June 1 low of 6.7210 extended to as high as 6.8583 and broke above the key resistance at the March 15 low of 6.8450, suggesting that the long term uptrend from the...
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USD/JPY Forecast June 27, 2017, Technical Analysis
The USD/JPY pair initially tried to rally during the session on Monday but ran into quite a bit of trouble near the 111.75 level. We pulled back, looking for support near the 111.35 handle, where we had...
USD/CAD Forecast June 27, 2017, Technical Analysis
The US dollar fell initially against the Canadian dollar, reaching towards the 1.32 level. However, on the hourly chart we ended up forming a bit of a hammer. The hammer of course is a very bullish sign,...
GBP/USD Forecast June 27, 2017, Technical Analysis
The British pound gapped higher at the open on Monday, and then reached to the 1.2750 level. We pulled back a little bit though, and found support at the 1.27 level, and now find yourself going sideways...
EUR/USD Forecast June 27, 2017, Technical Analysis
The EUR/USD pair went sideways initially during the day on Monday, but found the 1.12 level above to be resistance. We broke down below there, and then reached down to the 1.1175 level, where we found quite...
AUD/USD Forecast June 27, 2017, Technical Analysis
The AUD/USD pair rallied a bit during the day, but then pulled back on Monday, testing the 0.7560 level. I believe that the market will then bounced towards the 0.76 handle, and possibly beyond. Obviously, there is...
AUDJPY Double Bottom Breakout (Jun 27, 2017)
AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that...
USDCAD Daily Analysis – June 27, 2017
USDCAD moved sideways in a trading range between 1.3164 and 1.3347. The price action in the range is likely consolidation of the downtrend from 1.3793 (May 5 high). Another fall could be expected after the consolidation and...
USDJPY Daily Analysis – June 27, 2017
After consolidation, USDJPY broke above 111.78 resistance and continued its upward movement from 108.81. Further rise could be expected in a couple of days, and next target would be at 113.00 area. Near term support is now...
AUDUSD Daily Analysis – June 27, 2017
AUDUSD failed to break below 0.7519 support and stays in the trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 support, the price action in the trading range could be treated as...