The USD/CAD pair went back and forth during the course of the day on Monday, testing the 1.32 level above for resistance. That’s an area where the market has reacted several times, and the fact that we...
The GBP/USD pair went back and forth on Monday, essentially doing nothing. There is a massive amount of support just below the 1.20 level though, so having said that it’s likely that any attempt to go lower...
The EUR/USD pair broke higher during the day on Monday, slicing above the 1.10 level. It looks as if the market is trying to bounce out of the negativity that it has seen over the last couple...
The AUD/USD pair broke higher during the course of the day on Monday, testing the massive support above the 0.7650 level. If we can break above there, it’s likely that we will continue to grind our way...
NZDUSD has been trending higher on its daily time frame, moving inside an ascending channel and currently testing support. Price seems to have bounced off the bottom of the channel and is headed back to the top...
EURAUD broke below support at the 1.4550 minor psychological level then dipped to the 1.4400 area before pulling up. Using the Fib tool on the latest swing high and lows shows that the 61.8% retracement level coincides...
Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the...
USDJPY remains in uptrend from 100.08. Further rise could be expected and next target would be at 106.00 area. Support is at 102.81, only break below this level will indicate that the uptrend had completed at 104.63...
AUDUSD broke above the channel resistance, indicating that the downward movement from 0.7710 had completed at 0.7506 already. The pair is now in uptrend from 0.7506, the fall from 0.7647 would possibly be correction of the uptrend....
GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2477. Another rise to test 1.2477 resistance would likely be seen, a break of this level will indicate that the downward movement from 1.3445 had...
