The US dollar has rallied during the Tuesday session, reaching towards the 1.25 level, which of course is a large, round, psychologically significant number. That area of course will offer a bit of resistance, but it looks...
The British pound has initially tried to break above the 1.40 level but has pulled back from there is one would expect. After all, this is a market that has been very bullish as of late, so...
The EUR/USD pair has initially fallen during the day on Tuesday but found enough support near the 1.2225 level to turn around and show signs of life. If we can break above the 1.23 level, then the...
The Australian dollar has fallen a bit during the trading session on Monday, reaching down towards the 0.7950 level. I would anticipate some type of bounce on short-term charts, as we continue to consolidate below a major...
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the...
USDCAD is forming a sideways consolidation in a trading range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downtrend from 1.2920 could be expected to resume and further fall towards 1.2200 area is still...
USDJPY continued its sideways movement in a trading range between 110.19 and 111.48. The sideways move is likely consolidation of the downtrend from 113.38. Further decline is still possible after the consolidation and next target would be...
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is above the trend line, the upside movement could be expected to continue and...
GBPUSD’s bullish movement from 1.3458 extended to as high as 1.4002. Further rise is still possible after a minor consolidation and next target would be at 1.4200 area. Near term support is located at the bullish trend...
EURUSD continued its sideways movement in a trading range between 1.2165 and 1.2323. As long as 1.2165 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1915 and further rise towards 1.2400...
