XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its weekly chart once again. Being contained by the trend line, the gold price pulled back from 1344.65....
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USDCAD failed to break below 1.2355 support and stayed in a trading range between 1.2355 and 1.2590. The sideways movement is likely consolidation of the downtrend from 1.2920. As long as 1.2590 resistance holds, the downside movement...
USDJPY moved sideways in a trading range between 110.19 and 111.48. As long as 111.48 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 113.75, and a breakdown below 110.19 support could...
AUDUSD’s upside movement from 0.7501 extended to as high as 0.8038. Further rise is still possible and next target would be at 0.8124 resistance. Near term support is at 0.7936, followed by the bullish trend line on...
GBPUSD extended its upside movement from 1.3458 to as high as 1.3945. The key support is at 1.3741, as long as this level holds, the uptrend could be expected to continue and next target would be at...
EURUSD moved sideways in a trading range between 1.2165 and 1.2323. The price action in the range could be treated as consolidation of the uptrend from 1.1717. A breakdown below 1.2165 support could trigger further downside movement...
EURUSD continues to advance and positive updates from Germany’s coalition talks over the weekend could sustain the climb. However, price is hitting a roadblock at its short-term channel resistance and might need a correction before heading further...
USDCAD moved sideways in a range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downside movement could be treated as consolidation of the downtrend from 1.2920, and a breakdown below 1.2355 support could trigger...
USDJPY broke below 110.84 support, suggesting that the downside movement from 114.73 has resumed. Further decline would likely be seen in a couple of weeks and next target would be at 109.50, followed by 107.31. Resistance is...
