The USD/JPY pair initially fell on Wednesday but found enough support underneath to turn things back around and form a hammer. That suggests that we are going to continue to go higher, perhaps reaching towards the 120...
The USD/CAD pair rallied just a bit during the session on Wednesday, as we continue to see a lot of choppiness in this pair. Keep in mind that the Canadian dollar is driven by the value of...
The British pound went back and forth on Wednesday, as we continue to chop just below the previous uptrend line. Because of this, it’s likely that the market is trying to figure out which way it wants...
The EUR/USD pair rallied on Tuesday, trying to reach the 1.05 level. That’s an area that is massively resistive though, as it was massively supportive in the past. Because of this, I’m looking to short-term charts that...
The AUD/USD pair fell a bit during the session on Wednesday, as we continue to see quite a bit of resistance near the 0.73 level. I think that any short-term candle that looks suspiciously exhaustive it is...
USDCAD continued its upward movement from 1.3080 and the rise extended to as high as 1.3446. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
AUDUSD’s downward movement from 0.7524 extended to as low as 0.7219. Near term resistance is at 0.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000...
EURUSD moved sideways in a trading range between 1.0352 and 1.0479. As long as 1.0500 resistance holds, the price action in the range could be treated as consolidation of the downtrend and further decline to 1.0200 area...
The USD/JPY pair rallied on Tuesday, as we continue to see quite a bit of volatility in this pair. This is a market that continues to find buyers every time we drop, because of the relative “value”...
The USD/CAD pair initially tried to rally on Tuesday, but turned around to form a slightly negative candle. This slightly negative candle could lead to a short-term pullback, but I think that the markets may settle down...
